No jhanjhat, no load? Why cryptocurrency investments need rules, regulations like the stock market – Economic Times
If you have an oral conversation with a crypto champion they’ll all say that the Supreme Court has ruled that crypto is legal in India. This is patently untrue.
Synopsis
When it comes to banking, mutual funds, insurance, bonds and pretty much anything of the sort there are equivalent regulatory structures. However, buying and selling of cryptocurrency is unr…….
Synopsis
When it comes to banking, mutual funds, insurance, bonds and pretty much anything of the sort there are equivalent regulatory structures. However, buying and selling of cryptocurrency is unregulated as there are no regulatory structures.
You must have seen the ad. A group of young men are playing carrom in a dimly lit place that looks like the movie set of a garage. Then one of them starts telling others about bitcoin and exhorts them to buy the cryptocurrency through an app. The others protest that they are unable to understand bitcoin. The first one shows his phone screen where there is a graph going up and says, ‘no jhanjhat, no load’.
I find this ad completely realistic. It
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Nov 08, 2021, 06:30 AM IST
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