Regulators including the Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) have raised concerns before a parliamentary panel about how some individual investors are collecting money in small towns - with business models resembling those of chit funds - for investing in crypto assets.source https://economictimes.indiatimes.com/industry/banking/finance/banking/indias-new-crypto-law-set-to-red-flag-chit-fund-mlm-business-models/articleshow/88040313.cms
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