India should legitimize bitcoin by regulating it like a corporate stock and define cryptocurrency crimes to deter misuse of the technology, according to think-tank founder Deepak Kapoor.
Nischal Shetty, CEO of Mumbai-based crypto exchange WazirX, opposed the idea of regulating bitcoin like stocks.
“Bitcoin is not a slice of a company that you can buy or invest in. Rather, it is seen as an asset, like gold for example. Hence, it can’t be seen a stock,” Shetty told CoinDesk.