‘RBI excluding cryptocurrencies from regulatory sandbox is an unfair move’ — MONEY & BANKING

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Mumbai, April 24
Existing bitcoin players and cryptocurrency investors feel the Reserve Bank of India should review its proposal to put crypto-related start-ups in the negative list.
In a draft proposal published on April 18, the central bank had explained the need, objective, principles, risks, benefits, and legal issues of having a regulatory sandbox (RS) for the country’s fintech firms. The RS is potentially an important tool, which enables more dynamic, evidence-based regulatory environments that learn from and evolve with emerging technologies.
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