The Delhi High Court is very strict on cryptocurrency ads on TV. When issuing a notice to the court, the Center and the SEBI, it is directed to set guidelines. In addition, instructions have also been issued to responsible entities to take necessary action in connection with the cryptocurrency exchange. Currently, there is no legal argument for the trading and advertising of cryptocurrencies. What questions arise regarding the trading of cryptocurrencies around the world, including India.
Many cryptocurrency exchanges in the country are tempting customers to start trading at as low as Rs 100. They don’t discuss much of the negative side of it in their advertising. This sometimes creates a state of confusion and confusion in the mind of the customer.
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The Delhi High Court has issued notice to the Center, SEBI and others, seeking to take effective action against the crypto-asset exchanges in India which are advertised on national television without sufficient formal disclaimers. pic.twitter.com/3OpMvPRdDU
– ANI (@ANI) July 14, 2021
Financial experts around the world are constantly raising questions about cryptocurrencies. Experts say the worst impact of money laundering and rapidly changing prices is visible in banks. Even in India, for this reason, there is a constant demand to make a law about it. It is hoped that the government will soon make a law on this.
According to several reports, 8 million investors worldwide trade 1.4 billion in cryptocurrencies. However, over the past few months, prices of various cryptocurrencies, including bitcoin, have fallen.
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