Reality check for VDA bets leaves crypto treasuries out in the cold

September 27, 2025

Bombay Stock Exchange rejected a company’s share listing. The firm planned to invest heavily in cryptocurrencies. This action highlights India’s regulatory void for digital asset treasury companies. Jetking Infotrain, an IT training firm, faced this rejection. The company considers appealing to the Securities Appellate Tribunal. This decision puts future crypto treasury plans on hold.

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