Hindustan TimesJanuary 19, 2024by Monika Halan0India need not rush in where the US dares to go

On January 10, the US securities market regulator, the Securities and Exchange Commission (SEC) allowed 11 spot Bitcoin exchange-traded funds (ETFs) to list and trade on the stock market. This has opened a window for retail investors to trade safely in a digital token. The future of cryptocurrency has been hanging between the ban-it or regulate-it debate. With this step, it looks as if the regulate-it argument has won. Though the United States (US) has opened the doors for legitimising the trading of a digital token, India need not rush in just yet. And investors need to understand that this is a high-risk speculative trade, not an investment.

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