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April 19, 2019

The Reserve Bank of India (RBI) has excluded crypto-related assets from its fintech testing sandbox.

According to the official press release, RBI excluded from its list such products as:

  • Credit registry;
  • Credit information;
  • Crypto currency/Crypto assets services;
  • Trading/investing/settling in crypto assets;
  • Initial Coin Offerings, etc;
  • Chain marketing services.

Earlier, RBI released a report stating that cryptocurrencies do not pose, currently, a threat.

Nonetheless, the market’s evolution and the cryptocurrencies increased adoption may change the bank’s assessment in the future.

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