Categories: ICO

India Sends Officials to US, Japan and Switzerland to Study Cryptocurrency and ICOs

Click here to view original web page at

The Securities and Exchange Board of India (SEBI) organized tours to other countries for its officials to study cryptocurrencies and initial coin offerings (ICO), according to its 2017-18 annual report.

The Indian regulator reports that authorities have already undertaken “study tours” in particular to study cryptocurrency and ICOs at Japan’s Financial Services Agency (FSA), the U.K. Financial Conduct Authority (FCA) and the Swiss Financial Market Supervisory Authority (FINMA).

The overseas study trips reportedly took place to help officials “engage with the international regulators and gain deeper understanding of the systems and mechanisms,” the document states.

The report is not the first time that Indian authorities have expressed their interest in the way other countries approach cryptocurrency. For instance, the Reserve Bank of India (RBI) also published its annual report 2017-18 in which the authority draws attention to different types of crypto regulation worldwide, focusing on Japan and South Korea in particular.

As Cointelegraph reported August 30, citing the annual report, RBI is currently considering the feasibility of issuing a rupee-backed central bank digital currency.

The SEBI report comes against a background of a controversial RBI decision that came into effect July 5 and implies a ban on banks' dealings with crypto-related businesses and persons.

The Indian Supreme Court had upheld RBI’s restriction until the July hearing, which was later postponed till September 11. The court also ruled not to grant interim relief to those affected by the ban.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Everyone’s Worst Fears About EOS Are Proving True

The Takeaway: EOS is the world’s seventh-largest blockchain by market cap, with a value topping $3 billion since February 2019.… Read More

36 mins ago

Street Artist Makes $12,000 in Bitcoin Donations

A French street artist best known for painting lady liberty leading the yellow vests has stated he has received more… Read More

2 hours ago

Wave Financial Launches World-First Bitcoin Yield Fund: Wave BTC Income & Growth Digital Fund

LOS ANGELES, Sept. 19, 2019 /PRNewswire/ -- Wave Financial LLC (Wave), a leading asset management firm focused on digital assets,… Read More

2 hours ago

Nigerian man returns bitcoins worth $80,000

Keith Mali Chung returned Bitcoins worth $80,000 mistakenly transferred to him. A Nigerian man who found $80,000 dollar's worth of… Read More

2 hours ago

Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited

Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points.The BTC/USD instrument… Read More

2 hours ago

Bitcoin Hashrate Hits All-time High as Price Dwindles

The benchmark metric of miners confidence in the Bitcoin network established its all-time high on Thursday.Hashrate, which reflects the processing… Read More

2 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More