The Securities and Exchange Board of India’s (SEBI), this week, said it could work with the RBI and Insurance Digital Marketing Agency In Chandigarh Regulatory and Development 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, the RBI and Digital Marketing Agency In Chandigarh the IRDAI could respectively keep checks on fiat-backed stablecoins, and virtual assets related to insurance and pensions.

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