#crypto exposure

Growing client demand for cryptocurrencies and the belief that they represent a new asset class help to explain traditional financial institutions’ newfound interest in digital assets, the chief strategy officer at Bitrue has said. The collapse of FTX and Terra Luna in 2022 and the resulting bear market may have helped to remove barriers to entry. The entrance and presence of “tradfi”…

Crypto Bill should look at capping foreign currency exposure, registering authorised dealers: IndiaTech

Amidst several ongoing discussions on the draft cryptocurrency Bill, industry body IndiaTech on Friday said the Bill might seek to cap foreign currency exposure an investor can have annually while buying crypto assets. The Bill is also expected to define and register authorised dealers or exchanges in a regulated manned. Following the meeting of the RBI and cryptocurrency industry stakeholders…