No jhanjhat, no charge? Why cryptocurrency investments need rules, regulations like the stock market

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If you have an oral conversation with a crypto champion, they will all say that the Supreme Court has ruled that crypto is legal in India. This is clearly wrong.

Synopsis

When it comes to banking, mutual funds, insurance, bonds and just about anything like that, there are equivalent regulatory structures. However, the buying and selling of cryptocurrency is not regulated because there are no regulatory structures.

You must have seen the ad. A group of young men play carroms in a dimly lit place that looks like a movie theater set in a garage. Then one of them starts telling the others about bitcoin and urges them to buy the cryptocurrency through an app. The others protest that they are unable to understand bitcoin. The first one shows his phone screen where there is a graphic going up and says: “no jhanjhat, no charge”. I find this announcement quite realistic. This

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