As cryptocurrency is gaining whooping popularity globally,
the concerns regarding the Digital assets reliability is also surging high.
Therefore, a number of official financial institutions have been making efforts
to bring about a regulation in this volatile market system.
According to recent developments, the Reserve Bank of India
has suggested innovation labs, data
protection laws, and a dedicated organizational structure in order to introduce
stronger regulations and a self-regulatory body to keep a check on the
activities of FinTech companies.
For the same, the RBI has arranged an internal Working Group
to examine the issues related to FinTech and Digital Banking system in India.
This group consists of members from major institutions such and SEBI, IRDAI,
PFRD among others.
The main aim is to bring about a stronghold in the
unregulated market which makes up a significant amount of the economy, thereby,
stabilizing the financial market system. With a unique approach, the RBI has
invited comments and suggestions on the by recommendations by email or post
before February 28, 2018.
It is noteworthy that very recently, the Founder of Money
Trade Coin Group, Dr. Amit Lankhanpal addressed the Indian government to
provide a helping hand in adopting the Blockchain technology, developing and
regulating the Crypto-market in the country. In the document, Dr. Amit Lankhanpal
has provided probable guidelines and solutions that the government can
undertake in order to control and regulate the volatile market, thereby,
increasing its efficiency. He also tries to explain how the use of
cryptocurrency can benefit the country's growth and development and provide a
push to Shri Narendra Modi's dream of Digital India and the cashless society.
Someone Sometimes with visits your blog regularly and recommended it in my experience to read as well. The way of writing is excellent and also the content is top-notch. Thanks for that insight you provide the readers!
ReplyDeletewhere to purchase bitcoin
i read a lot of stuff and i found that the way of writing to clearifing that exactly want to say was very good so i am impressed and ilike to come again in future..
ReplyDeletecryptocurrency guest post