Sebi is taking suggestions from exchanges and some other regulators in developed nations," said the second person. The Securities and Exchange Board of India (SEBI) is to tighten trading rules and norms governing intermediaries. The move is aimed at strengthening SEBI's scrutiny of defaulters, boosting transparency in dealings between participants and mitigating liquidity risks that arise from an increase in algorithmic trading. In a statement on Monday, the regulator said it will be introducing new regulations for all intermediaries involved with cryptocurrency trading, including exchanges, wallet providers, payment processors, clearing houses and other financial institutions. The new norms are likely to be implemented in the next fiscal year, starting in April.
The Securities and Exchange Board of India (SEBI) is to tighten trading rules and norms governing intermediaries. The move is aimed at strengthening SEBI's scrutiny of defaulters, boosting transparency in dealings between participants and mitigating liquidity risks that arise from an increase in algorithmic trading. In a statement on Monday, the regulator said it will be introducing new regulations for all intermediaries involved with cryptocurrency trading, including exchanges, wallet providers, payment processors, clearing houses and other financial institutions. The new norms are likely to be implemented in the next fiscal year, starting in April.