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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