Delhi HC issues notice to Centre, SEBI to set up guidelines for crypto ads on television

Market estimates suggest that over 8 million investors are currently holding crypto investments worth over $1.4 billion. 

New Delhi: Delhi High Court has issued notice to the Centre, SEBI, and others, to bring guidelines for television advertisements of crypto trading platforms in India. The notice has also urged the concerned authorities to take appropriate actions against the crypto trading exchanges.  At present, several crypto trading platforms are reportedly advertising without following any adequate standardised disclaimers. Without the necessary advisory in place, crypto trading appears lucrative in advertisements.  Several crypto trading platforms are also luring first-time investors by giving them free cryptocurrency worth Rs 100 as a promotional offer. These investors are flocking to crypto trading platforms without fully understanding the negative sides of cryptocurrency.