Today news
About the same in other media
Cryptocurrency News Today: Reserve Bank Of India (RBI) Recommends Separate Laws On Digital Lending
Reading now: 160
ndtv.comRBI report said separate legislation must be made to prevent illegal digital lending
A working group of the Reserve Bank of India (RBI) has recommended setting up a self-regulatory organisation covering participants in digital lending.
The recommendation came as part of its report on digital lending through online platforms and mobiles applications.
The RBI report said separate legislation must be made to prevent illegal digital lending activities and that all data must be stored in servers in India.
The committee recommended that data collection should happen only with prior and explicit consent of the borrowers.
"The thrust of the report has been on enhancing customer protection and making the digital lending ecosystem safe and sound while
Read more on ndtv.comAbout this in other media
Cryptocurrency Prices Today on November 27: Bitcoin, LRC, CHR down; Siacoin rises high moneycontrol.com /3 years ago
Cryptocurrency Prices Today: Bitcoin, Ethereum, Crypto Prices Recover From Over 15% Drop After Bill Announcement ndtv.com /3 years ago
Cryptocurrency Legislation news: All You Need To Know About Cryptocurrency Legislation ndtv.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
