Jetking IPO，比特币持有和政策问题：印度的加密难题

Jetking Infotrain的IPO否认和Strive大胆的比特币举动的奇怪案例突出了印度的谨慎舞蹈，其谨慎的舞蹈是企业加密货币的采用以及周围的政策真空。

The dynamics around 'Jetking IPO, Bitcoin Holdings, Policy Questions' are heating up! India's regulatory stance on crypto is under scrutiny after Jetking Infotrain's IPO hiccup, while Strive's massive Bitcoin purchase raises eyebrows.

围绕“ Jetking IPO，比特币持有，政策问题”的动态正在加热！印度对加密货币的监管立场在喷射Infotrain的IPO打ic之后受到了审查，而Strive的大量比特币购买引起了人们的关注。

Jetking's IPO Dreams Halted: A Sign of Crypto Reluctance?

Jetking的IPO Dreams停止了：加密货币不情愿的标志？

Jetking Infotrain, an IT training firm, hit a snag with its IPO application when the Bombay Stock Exchange (BSE) denied its listing. The reason? Jetking planned to invest part of its raised funds into crypto treasuries. This move by the BSE underscores India's hesitation towards digital assets within corporate balance sheets, sparking debate about the future of crypto policy.

一家IT培训公司Jetking Infotrain在孟买证券交易所（BSE）拒绝其上市时遇到了IPO应用程序。原因？ Jetking计划将其部分资金投资于加密货币。 BSE的这一举动强调了印度对公司资产负债表中数字资产的犹豫，引发了有关加密政策未来的辩论。

The BSE's denial came as a surprise. Jetking had already received initial approval and raised ₹6.1 crore. The exchange cited the speculative nature of virtual digital assets and the lack of a clear policy as reasons for the reversal. This leaves Jetking in a tough spot, having already allocated funds to crypto based on initial regulatory signals.

BSE的否认令人惊讶。 Jetking已经获得了初步批准，并筹集了61千万卢比。交易所引用了虚拟数字资产的投机性质，缺乏明确的政策是逆转的原因。这使Jetking在一个艰难的位置，已经根据初始监管信号分配了资金将资金分配给加密货币。

Investor Confidence Takes a Hit

投资者的信心受到打击

The denial rattled investor sentiment, causing Jetking Infotrain's stock to drop nearly 10% in just five days. The company is considering legal action, but the outcome may hinge on the government's evolving stance on corporate crypto exposure. This situation highlights the uncertainty companies face when navigating India's ambiguous crypto landscape.

否认的投资者情绪令人震惊，导致Infotrain的股票在短短五天内下降了近10％。该公司正在考虑法律行动，但结果可能取决于政府对公司加密货币的不断发展的立场。这种情况凸显了公司在印度模棱两可的加密景观时所面临的不确定性。

India's Policy Vacuum: A Balancing Act

印度的政策真空：平衡法

India finds itself in a paradoxical situation. It leads the world in retail crypto adoption, yet regulators are wary of allowing corporations to hold crypto as treasury assets. This caution stems from regulatory uncertainty, market volatility, past crypto scandals, and concerns about systemic risk. The Reserve Bank of India (RBI) has consistently warned about the potential dangers of unregulated crypto exposure.

印度发现自己处于一种矛盾的境地。它领导着世界采用零售加密货币，但监管机构谨慎允许公司将加密货币作为国库资产。这种警告源于监管不确定性，市场波动，过去的加密丑闻以及对系统性风险的担忧。印度储备银行（RBI）一直警告说，加密货币不受监管的潜在危险。

Global Comparisons: India's Cautious Approach

全球比较：印度的谨慎方法

India's approach contrasts sharply with other markets. In the United States, major corporations have integrated crypto holdings into their financial strategies, despite ongoing debates with the SEC. Even El Salvador encourages companies to integrate crypto into their balance sheets. The BSE's denial sends a message that Indian firms may face barriers to innovation without regulatory clarity.

印度的方法与其他市场形成鲜明对比。在美国，尽管与美国证券交易委员会（SEC）进行了持续的辩论，但主要公司已将加密货币持有纳入其财务战略。甚至El Salvador也鼓励公司将加密货币集成到资产负债表中。 BSE的否认传达了一个信息，即印度公司可能在没有监管清晰的情况下面临创新的障碍。

Strive's Bold Bitcoin Bet: A Contrasting Move

Strive的大胆比特币下注：对比的举动

While Jetking faces regulatory hurdles, Strive (ASST) announced it would acquire Semler Scientific (SMLR) in an all-stock deal and that it had purchased 5,816 Bitcoin (BTC) for its corporate treasury at an average price of $116,047 per coin, totaling roughly $675 million. The combined company aims to become the fastest-growing corporate Bitcoin holder, employing a "preferred equity only" leverage model to avoid debt maturity risks.

虽然Jetking面临监管障碍，但Strive（ASST）宣布将以全股票交易获得Semler Scientific（SMLR），并且该公司的公司财政部以平均价格购买了5,816个比特币（BTC），平均价格为116,047美元，总计每币，总计6.755亿美元。合并后的公司旨在成为增长最快的公司比特币持有人，采用“仅优先股权”杠杆模型来避免债务成熟度风险。

The Road Ahead: Clarity Needed

前面的道路：需要清晰

Jetking Infotrain's immediate challenge is to secure its listing, possibly by restructuring its treasury strategy. For India, this episode underscores the need for a comprehensive framework governing corporate crypto exposure. Clear guidelines are crucial to allow companies to responsibly integrate crypto into their balance sheets. Distinguishing between speculative trading and strategic treasury diversification is key.

JetKing Infotrain的直接挑战是通过重组其财政部策略来确保其上市。对于印度来说，这一集强调了对企业加密货币曝光的全面框架的需求。明确的准则对于允许公司负责任地将加密货币整合到资产负债表中至关重要。区分投机性交易和战略国库多元化是关键。

My Two Satoshis

我的两个satoshis

India's crypto policy is like a Bollywood dance – a lot of fancy footwork, but are we really moving forward? The Jetking situation feels like a regulatory cold shoulder, while Strive's Bitcoin splurge is like that one friend who always goes all-in. It's time for India to decide if it wants to be a crypto wallflower or join the digital asset party. But hey, at least the drama keeps things interesting!

印度的加密政策就像是宝莱坞舞蹈 - 很多花哨的步法，但是我们真的在前进吗？喷气机的情况感觉就像是监管性的冷肩，而Strive的比特币挥霍就像一个总是全力以赴的朋友。现在是时候决定要成为加密壁花还是加入数字资产派对了。但是，嘿，至少这些戏剧使事情变得有趣！

Until India introduces a clear regulatory stance, public firms may have to place such ambitions on hold. For now, the gap between global corporate adoption and India’s cautious approach remains wide—and the future of crypto treasuries in the country hangs in uncertainty.

在印度引入明确的监管立场之前，公共公司可能不得不搁置此类野心。目前，全球企业收养与印度谨慎的方法之间的差距仍然很广泛，而该国加密纪念公司的未来却陷入了不确定性。