Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products Regulation Bitcoin News
-The Securities and Exchange Board of India (SEBI) has proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products.
-The regulator also proposed that public figures be held liable for any law violations when promoting crypto products.
-SEBI recently shared its view on the subject with Indias Parliamentary Standing Committee on Finance when it was questioned about various crypto issues, sources told the publication.
-In addition, the securities regulator proposed that public figures be held liable for endorsing crypto products, which could violate certain laws, including the Consumer Protection Act.
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