Saralnama
The Securities and Exchange Board of India (SEBI) has taken steps consistent with the government’s approach to regulating cryptocurrencies and digital assets. SEBI’s move reflects a broader multi-agency regulatory framework involving the Reserve Bank of India and the Finance Ministry to oversee crypto tokens resembling securities. While SEBI does not currently regulate cryptocurrencies directly, it has proposed new regulations for Alternative Investment Funds (AIFs) investing in crypto assets, raising the minimum investment threshold to ₹5 crore to ensure investor protection and transparency. This initiative targets institutional investors rather than retail traders and signals a shift from an unregulated environment to a structured regulatory regime. SEBI’s cautious engagement aims to address concerns about investor risks, market volatility, and illicit activities associated with crypto assets. The regulator’s proposals are part of a larger effort to integrate digital assets into India’s financial regulatory architecture, potentially attracting more institutional capital under clear compliance norms. These developments mark a significant step toward formalizing crypto investment in India while maintaining a focus on safeguarding investors and market integrity. (Updated 22 Aug 2025, 10:41 IST; source: link)