The Securities and Exchange Board of India’s (SEBI), this week, said it could work with the RBI and Insurance Regulatory and Development Digital Marketing Agency In Chandigarh Authority of India (IRDAI) to monitor India’s digital assets sector. In its suggestion to the government, the Indian markets regulator said it could oversee cryptocurrencies that can be seen as securities as well as keep an eye on Initial Coin Offerings (ICOs). As part of SEBI’s advice, Digital Marketing Agency In Chandigarh the RBI and the IRDAI could respectively keep checks on fiat-backed stablecoins, and virtual assets related to insurance and pensions.

Essentially, the SEBI has suggested that instead of having one particular body governing the virtual digital assets sector, a collection of already established government bodies can distribute the oversight on this up-and-coming sector.

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