Sumit Gupta: Maharashtra includes crypto under MPID Act to protect investors from fraud

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Sumit Gupta: Maharashtra includes crypto under MPID Act to protect investors from fraud — Maharashtra adds crypto to MPID Act

Sumit Gupta, co-founder & CEO at CoinDCX, reports that Maharashtra has brought cryptocurrencies under the Maharashtra Protection of Interests of Depositors (in Financial Establishments) Act (MPID Act).

This move is intended to protect people from financial fraud and aid in recovering their money, marking progress for investors.

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Gupta has previously marked milestones for CoinDCX, including the launch of upgraded SIP features that led to a 105% increase in daily SIP creation since May 27, as detailed here. He also highlighted the role of Satoshi Nakamoto in starting the cryptocurrency revolution, noting appreciation from Bitcoin supporters on this occasion. These developments reflect ongoing engagement with both regulatory changes and industry initiatives.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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