India Mandates Cybersecurity Audits for Crypto Exchanges: What It Means for the Industry
India continues to strengthen its crypto regulatory framework with another piece of legislation. Under the new rules, all crypto exchanges, custodians, and intermediaries will be required to undergo regular cybersecurity audits in light of rising threats from hacks, fraud, and systemic vulnerabilities. The latest regulatory push reflects both India’s concern over its rapidly growing cryptocurrency […]
India and Singapore Announce First Project For Fast Payment Systems
The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) announce a project to link their respective fast payment systems viz. Unified Payments Interface (UPI) and PayNow. The linkage is targeted for operationalisation by July 2022. The UPI-PayNow linkage will enable users of each of the two fast payment systems to make […]
