GK Question

technology medium mcq

Which Indian authority regulates Virtual Digital Asset exchanges and service providers?

  1. RBI
  2. SEBI
  3. Both A and B
  4. MeitY

Answer: Both A and B

RBI regulates payment aspects of crypto; SEBI regulates securities-like tokens; FIU-IND monitors suspicious transactions. Multi-regulator approach addresses different crypto use cases. Critical for compliance questions.

Topic Crypto Regulation
Exam Relevance Banking, UPSC, SSC