RBI proposes self-regulation for fintechs
Move comes as India hailed as one of sector’s “most significant operating countries”
On January 15, the Reserve Bank of India published proposals that would allow the country’s vast fintech sector to regulate itself.
India is home to thousands of fintechs. However, the RBI said most were not directly regulated, despite playing a “pivotal” role in redefining financial services.
The central bank said an effective regulatory approach should balance maximising fintechs’ innovation potential with minimising risks to the financial system. “Self-regulation within the fintech sector
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Fintech
Central banks prepare for the rise of AI
AI will not replace accountability in monetary policy decision-making, MAS chief says
Binance founder sentenced to four months in prison
Nigerian court adjourns separate money laundering case against the crypto exchange
BoJ considers allowing external access to CBDC data
Digital yen API sandbox launched in April
US requests three-year prison sentence for Binance founder
World’s largest crypto exchange agreed to pay $4.3 billion for violating money laundering laws
Bundesbank partners with MIT on digital euro privacy
EU previously raised concerns about single access point to verify holding limits
Carstens advances vision for future tokenised financial system
‘Finternet’ proposal envisages payments across linked unified ledgers
CBDCs could increase financial instability, Fed paper says
Central banks should consider price and quantity tools to mitigate risks, researchers say
MAS partners with Mastercard to tackle cyber risks
Singaporean central bank and payments firm will share information and conduct joint training
Most read
- ECB staff speak out against changes to internal survey
- Central bank of the year: Central Bank of Brazil
- BIS’s Zhang Tao on why Asian central banks favour a broader policy mix