The Reserve Bank of India (RBI) has published its Fintech Regulatory Sandbox report. While cryptocurrencies could be included in the future, the bank noted that their services might not be accepted for testing currently.
The absence of cryptocurrency from the list indicates that the RBI hasn’t changed its stance towards them; however, it is open to blockchain technology.
No Crypto in the Regulatory Sandbox
The RBI unveiled its draft regulatory sandbox for the Fintech space in the country earlier today. According to the central bank, the fintech regulatory group it put together advised them to introduce a framework that would adequately capture the industry.
The bank indicated that some products, services, and technologies are not accepted for testing at the moment. The RBI mentioned…