Tanvi Ratna in Shaping India's Blockchain and Crypto Regulation Policy

They call themselves the “new age think tank”.

In our latest Fintech Connect Asia Benchmarking Report, it was reported that 19% of respondents saw a serious need for enhanced regulatory concerning digital assets, currency, digital banking, and cryptocurrency! Investor’s protection due to market volatility, and Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to prevent fraudulent financial activities, these are just some of the reasons why changes and enhancements need to be made to the technology innovation space in the fintech industry. Policy 4.0 was created to focus on addressing risk issues surrounding innovations that were born from disruptive emerging technologies, a high urgency considering the adoption rate due to its nature to deliver more product values, in a customer-centered approach, while covering research such as the reverse engineering of China’s digital yuan.

“Blockchain is a highly disruptive innovation, which I think technologically is not often given due credit for just the sheer revolution in finance it is able to create.”

Tanvi also covers,

• Jurisdiction and cross-border – movements towards a global baseline rule has been announced in the G20 summit to oversee crypto markets and stablecoins.
• Open-source systems in India – A unique precedent (the birth of the Aadhaar project) that prompted the big wave of innovation in India, where it collected 14% of global fintech funding.
• Blockchain as an alternative option – Emerging economies may have difficulties performing last-mile deliveries by banks, intermediaries, regulators, and institutions that blockchain can solve.
  
  

Catch the full interview now!