Centralised exchanges and custody providers that may be established in India, must be required to register with SEBI and to adhere to KYC and AML compliance requirements that apply to financial markets intermediaries, it said, adding they should be held legally accountable and liable for the safekeeping of the crypto/digital tokens held by participants in digital wallets offered by them.Treat crypto or digital tokens as securities of special class: CII
Centralised exchanges and custody providers that may be established in India, must be required to register with SEBI and to adhere to KYC and AML compliance requirements that apply to financial markets intermediaries, it said, adding they should be held legally accountable and liable for the safekeeping of the crypto/digital tokens held by participants in digital wallets offered by them.
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