Ajay Tyagi, chairman of the Securities and Exchange Commission of India (SEBI), urged mutual funds to avoid investing in crypto-related assets when the government considers new cryptocurrency rules. At the press conference on Tuesday, Tyagi suggestion Until the policy and regulatory framework is clear, companies should not invest in funds related to crypto assets.

“Those who invest in mutual funds — invest in companies or foreign companies related to crypto assets through funds in funds (FOF) — my thinking is that companies should not do so until we clarify their (crypto) policies. This type of investment,” said the chairman of SEBI.

Although the regulatory environment for cryptocurrencies in India is currently unclear, the country’s popularity has grown exponentially. It is unclear whether crypto investments have any tax liability in the country.

Tyagi’s remarks were made after a recent incident involving the asset management company (AMC) Invesco Mutual Fund.Although Seby Agree with, Due to legislative uncertainty, it postponed its blockchain fund last month.

During the recent winter meeting, the parliament discussed discussions on cryptocurrencies. After the Parliamentary Standing Committee on Finance held a meeting with cryptocurrency stakeholders, the negotiations gained further momentum to identify possible opportunities and challenges in crypto financing and investment.

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The Indian government has officially planned to introduce the 2021 cryptocurrency and official digital currency regulation bill for parliamentary debate during this winter session.However, the bill did not appear in Bills to be considered by the Indian House of Commons At the end of the winter meeting.

at the same time, Indian Prime Minister Modi The voice about cryptocurrency in 2021 is getting louder and louder.In the recent Sydney Dialogue, Modi urged democracies to cooperate to take full advantage of Cryptocurrency and blockchain technology. He also warned against using them maliciously.