India’s capital market infra, rules finest on the planet, says Zerodha’s Nithin Kamath

Whereas questioning how crypto brokers and exchanges expose clients to limitless danger, Zerodha co-founder Nithin Kamath in a tweet stated that India’s capital market infrastructure and rules are the perfect on the planet.

“Our capital market infrastructure & rules do not get sufficient credit score for being among the many finest on the planet. It’s loopy & scary what is occurring in the present day within the crypto world. Crypto Brokers & exchanges can act as banks in most markets, exposing clients to limitless danger,” the billionaire stockbroker stated.

The crypto market has come underneath acute strain after the key cryptocurrency trade FTX’s deal was referred to as off with rival Binance, who withdrew the provide after due diligence on the proposed acquisition.

Mentioning that in India, all securities are held by the shopper on the depository, he stated all unused funds are despatched again month-to-month or quarterly and one shopper’s funds cannot be used to fund one other.

“In most markets, brokers can maintain buyer securities & funds indefinitely & use them any means they need,” Kamath stated, including that like we rejoice our fee techniques for being the perfect, we additionally have to do the identical for our market infrastructure, particularly SEBI, for no matter they’ve executed to guard retail investor pursuits by constantly lowering dangers and marking our markets safer.

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