Indian securities regulators have disclosed a block chain research program

nnnThe Indian Securities and Exchange Commission (SEBI) announced the establishment of an advisory committee to carry out a wide range of financial technology programs to study the application of emerging technologies such as block chains in its regulation. The committee also draws on the experience of other national securities regulators and will develop a “sandbox” program to create a lenient environment for start-up companies in emerging technology to drive technological innovation.n
nnTranslated by: Inan
nIndia’s securities market regulators have announced that they will explore the potential applications of block chains in their regulatory processes.n
nThe Indian Securities and Exchange Commission (SEBI) on August 3 announced an extensive financial technology program, set up an advisory committee – responsible for the study of block chains and other technologies in asset management, financing and post-transaction settlement and other applications The Education Service Provider Manipal Global Chairman Shri T. V. Mohandas Pai will serve as Chairman of the Board, who was a member of the Board of Directors of India’s IT giant Infosys.n
nMost notably, the Financial and Regulatory Technical Committee (CFRT) will examine whether the SEBI itself can use the block chain, but it is not yet clear which specific applications will be taken into account.n
nSEBI said at the time of publication:n
nn”The Commission will evaluate the technical solutions for SEBI regulatory functions by means of information management, data mining and including network security, intermediary monitoring and the use of new technology solutions such as distributed book technology, large data, data analysis, artificial intelligence, machine learning and so on Consumer protection, etc. “.n
nnAccording to the statement, the committee will also create a more relaxed working environment for companies that develop new products and services.n
nLike other securities regulators, CFRT will develop a “regulatory sandbox” program designed to promote the development of innovative new technologies in the financial sector.n
nThe Indian government will also carry out digital monetary regulatory activities. It has recently been reported that at least some officials are pushing the government to take a position to strengthen the restrictions, but so far, government officials have not yet disclosed any specific proposals or plans.n

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