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Nearly a decade after the digital lending space first saw default loss guarantee arrangements, they seem to have received regulatory blessing from the Reserve Bank of India, with the issuance of the D...
With the financial year ending in March 2023, there was a flurry of activity by financial services regulators. In particular, the Government of India has expressed its interest in the crypto ecosystem by expanding the Prevention of Money Laundering Act, 2002 compliance to entities providing services in relation to ‘virtual digital assets’. This, along with the Reserve Bank of India’s consistent increase in scrutiny and investigations of businesses in the digital lending space constituted the key highlights in March 2023. In this issue of the fintech newsletter, INDUSLAW's Avimukt Dar, Suneeth Katarki, Namita Viswanath, Shreya Suri, Raghav Muthanna, Srija Ray and Ananya Dash discuss some key events and what they mean for the fintech space.
