Regulating Cryptocurrency and FinTech: Legal and Policy Perspectives in the Indian Context

The rapid development of the Cryptocurrency and Financial Technology (FinTech) altered the financial aspects in India with its prospects and regulatory issues. The problem of robust legal and policy framework is gaining even more acuity with the advent of the popularity of digital assets and decentralised financial systems. The paper will explain why the cryptocurrency and FinTech regulatory environment in India has been changing in the context of interaction between innovation, consumer protection, and financial stability. It explores the intent of the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) and the initiatives of the legislative actions to trade off the risk mitigation with the technological development. The research also compares regulatory models across world in an attempt to realise the best practises that can be used within the Indian setting. The research indicates that adaptive mechanisms of governance should exist by finding out how the new technologies will transform the monetary policy, taxation, and cybersecurity. The outcomes give a good focus on the necessity to have a consistent legal system which is innovation-friendly, but which improves transparency, accountability and investor confidence in the digital financial ecosystem.