BSE Rejects Jetking IPO Over Crypto Treasuries Concerns in India
The Bombay Stock Exchange (BSE) has reportedly rejected Jetking Infotrain's initial public offering (IPO) due to concerns surrounding the company's exposure to cryptocurrency treasuries. This decision underscores the regulatory hesitancy in India toward crypto-linked financial instruments.
India's stance on cryptocurrency remains cautious, with regulators scrutinizing entities that integrate digital assets into traditional finance. The rejection signals a broader reluctance to embrace crypto-related risks in mainstream capital markets, despite growing global adoption.