SEBI Adopts Regulatory Sandbox Approach for Implementing Blockchain & AI in Fintech

SEBI Adopts Regulatory Sandbox Approach for Implementing Blockchain & AI in Fintech

The Securities and Exchange Board of India (SEBI) has revealed that it is adopting a ‘regulatory sandbox’ approach to utilize the cutting-edge technologies such as blockchain and artificial intelligence (AI). The SEBI officials have claimed that innovation in Fintech can be better achieved by following a ‘sandbox’ approach, which offers temporary relaxations of regulations to build a safe platform for companies to test Fintech services in a live environment, without lending them full authorisation and licensing protocol.

Ripple to Fund 11 New Partners in UBRI for Blockchain Development

Ripple Adds 11 New Institutions to University Blockchain Research Initiative

Ripple has announced the expansion of its University Blockchain Research Initiative (UBRI) by adding 11 new partners, making a total of 29 members. The program is aimed at promoting blockchain-focused academia and research. The company has committed a funding of $50 million to UBRI’s first wave of university partners. The UBRI program offers blockchain related courses to people from various disciplines such as engineering, business, software development, etc.

Atom Solutions launches new remittances system to tackle crypto volatility

Atom Solutions Launches New Remittances System to Tackle Crypto Volatility

Atom Solutions, a Japan-based fintech company, has launched Equivalent Value Overseas Remittance System to address the price volatility associated with overseas cryptocurrency remittances. The firm has claimed that the system will speed-up the crypto transactions and charge less fees for its service. The company has also developed Eternal Coin, a new digital asset that streamlines crypto remittances.


IDRBT develops blueprint for regulating Fintech and Blockchain companies in India

The Institute of Development and Research in Banking Technology (IDBRT) is developing a blueprint of Blockchain technology that will help in better regulating the Blockchain and fintech sectors. A team of specialists from IDRBT Hyderabad have developed such a blueprint that is in its alpha stage as of now. They are optimistic to make it ready to roll in the next 4-5 months.