The Reserve Bank of India’s Regulatory Sandbox Accepts Blockchain, Excludes Crypto
Cointelegraph
Published Apr 18, 2019 04:40PM ET
Updated Apr 18, 2019 05:02PM ET
The Reserve Bank of India’s Regulatory Sandbox Accepts Blockchain, Excludes Crypto
The Reserve Bank of India (RBI) has announced the terms of its regulatory sandbox in report on April 18. Per the terms of the sandbox, various applications of blockchain technology can be tested, while cryptocurrency-related projects are clearly excluded.
Sandboxes are used by regulators around the world, including the Financial Conduct Authority in the U.K., so fintech companies can put their innovations to the test with a small number of consumers over a set time period.
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Written By: Cointelegraph
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