Indian Stock Exchange Blocks Crypto Capital Listing

Indian Stock Exchange Blocks Crypto Capital Listing

The Bombay Stock Exchange (BSE), one of Asia's oldest and India's second-largest exchange by trading volume, has reportedly rejected the public listing application of Jetking Infotrain, an IT training company. This pivotal decision stems from Jetking's stated intention to use a significant portion of the capital raised through public listing for investments in virtual digital assets (VDAs), specifically cryptocurrencies. This event marks a crucial development in India's evolving regulatory stance on digital assets, particularly concerning their integration with traditional capital markets. Jetking Infotrain had initially received an in-principle approval from the BSE on May 9, 2025, to proceed with its plan to raise funds via a share issue. Subsequently, 14 days later, the company's board sanctioned the issuance of over 396,000 shares, aiming to raise more than ₹6 crore, equivalent to approximately $720,000. In its application to the BSE, Jetking outlined that the n…