Posted 3/13/2024, 10:09:00 AM
SEBI Chief Urges Faster Settlements to Retain Investors As Crypto Allure Grows
- SEBI chairperson warns traditional markets must offer instant settlements and tokenization or investors will move to crypto
- India planning to introduce same-day settlement cycle from March 28 to compete with crypto
- Chairperson says "sizeable part" of market could move to crypto if instant settlement not adopted
- Plan includes adopting instant settlement by March 2025, pending approval
- Bitcoin price hit all-time high over $73K showing crypto's appeal; SEBI plays distant role in India crypto regulation