The concept of crypto is seeing numerous experiments and success in various parts of the world. However, its scenario is quite bleak in India. The governing body of banks, RBI has long issued the ban against any kind of dealing with digital money. However, the Reserve bank of India is receiving appeal to consider undoing […]
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.