Reserve Bank Of India Excludes Crypto From FinTech Regulatory Sandbox

Blockchain, News, Regulation | April 22, 2019 By:

The Reserve Bank of India (RBI), the country’s central bank, has released the draft framework for its FinTech regulatory sandbox.

In July 2016, the RBI formed an inter-regulatory Working Group (WG) to look into and report on the granular aspects of FinTech and its implications so as to review the regulatory framework and respond to the dynamics of the rapidly evolving FinTech scenario.