India should legitimize bitcoin by regulating it like a corporate stock and define cryptocurrency crimes to deter misuse of the technology, according to think-tank founder Deepak Kapoor.
Nischal Shetty, CEO of Mumbai-based crypto exchange WazirX, opposed the idea of regulating bitcoin like stocks.
“Bitcoin is not a slice of a company that you can buy or invest in. Rather, it is seen as an asset, like gold for example. Hence, it can’t be seen a stock,” Shetty told CoinDesk.
https://news.yahoo.com/bitcoin-regulated-stocks-india-says-141318143.html
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
