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Under the Sebi Act, the regulator has the power to carry out search and seizure of books, registers, documents including electronics and digital devices from any person associated with the securities market. "He has kind of an old-school cyber-libertarian world view where technology is there to set you free," Maréchal said. Founder Pavel Durov says tech is meant to set you free 'Wild West' The Securities and Exchange Board of India (Sebi) had carried out a similar exercise in 2017 in a matter related to circulation of messages through WhatsApp.
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