Indian Stock Exchange Blocks Crypto-Focused Company Listing Amid Regulatory Scrutiny

The Bombay Stock Exchange has denied Jetking Infotrain's public listing application, marking a significant regulatory stance against cryptocurrency investments using publicly raised capital. The IT training firm sought to allocate 60% of its proposed $720,000 share issuance to virtual digital assets.

This decision underscores the growing tension between traditional financial institutions and crypto ventures in India. While companies may hold digital assets on their balance sheets, the BSE draws the line at fundraising explicitly for cryptocurrency exposure—a position that may chill similar listing attempts.

The rejection comes as global markets see increasing institutional interest in crypto treasury management. India's cautious approach contrasts sharply with jurisdictions embracing crypto ETFs and public company investments, potentially creating arbitrage opportunities for exchanges in more permissive regions.