On January 10, the US securities market regulator, the Securities and Exchange Commission (SEC) allowed 11 spot Bitcoin exchange-traded funds (ETFs) to list and trade on the stock market. This has opened a window for retail investors to trade safely in a digital token. The future of cryptocurrency has been hanging between the ban-it or regulate-it debate. With this step, it looks as if the regulate-it argument has won. Though the United States (US) has opened the doors for legitimising the trading of a digital token, India need not rush in just yet. And investors need to understand that this is a high-risk speculative trade, not an investment.
