RBI's Fintech Regulatory Sandbox Allows Blockchain, Excludes Crypto Startups
The Reserve Bank of India or RBI released a draft framework for fintech regulatory sandbox which includes blockchain technology, but not cryptocurrency startups. As per the RBI site, a regulatory sandbox allows the regulator, the innovators, the financial service providers and the customers to conduct field tests to collect evidence on the benefits and risks of new financial innovations.
Source: RTTNews