Securities Regulator Of India Ajay Tyagi Bets On Blockchain Technology
Securities Regulator Of India Ajay Tyagi Bets On Blockchain Technology
January 24, 2020
Securities Regulator Of India Ajay Tyagi Bets On Blockchain Technology
Securities Regulator Of India Ajay Tyagi Bets On Blockchain Technology
January 24, 2020

Ajay Tyagi, the Chairman of the Securities and Exchange Board of India (SEBI), makes a bet on blockchain technology and urges exploration of the best possible usage of blockchain in securities markets. SEBI is the regulator of the Indian securities market.

On January 23, speaking at a research conference on ‘Changing Landscape of Securities Market’ organized by the National Institute of Securities Markets, Patalganj, it has been reported that Tyagi said that applications of blockchain, artificial intelligence, and machine learning have the potential to bring a paradigm shift in the securities markets landscape.

He stated:

“Blockchain could be used in clearing, settlement and record-keeping given its benefits in maintaining records in distributed ledgers, while still being a single source of truth.”

He takes an example of some international blockchain projects and asks for research in these areas by saying:

“Blockchain-based solutions are being developed by some foreign exchanges for settlement and by domestic exchanges for KYC recordkeeping purposes. There is a need for active research into these technologies to explore their best possible usage in securities markets.”

However, Tyagi also emphasized the use of the latest technologies, including artificial intelligence, machine learning, and blockchain to streamline the securities market. Technology has played a major role in transforming the capital markets.

ALSO READ :  SAGT Joins TradeLens Blockchain Trade Platform

He said:

“Catching malpractices in the market using the standard tools is increasingly getting difficult. SEBI has already planned Data Lake project to augment analytical capability with advance analytical tools viz., AI/ML, deep learning, big data analytics, and natural language processing, etc.”

Though the Government of India is positive about the use of blockchain in multiple cases, it is not specifically positive on cryptocurrency.

Thus, the Supreme Court of India is hearing a petition filed against the ban on the banking channel imposed by Reserve Bank of India, as the next hearing on this case is scheduled for January 28.

Source: |


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Bitcoin Car Will Be Racing In Indianapolis 500 In May

Bitcoin Car Will Be Racing In Indianapolis 500 In May

Bitcoin car, the car branded with the Bitcoin logo, will be racing in circles against 32 others in this month’s Indianapolis 500. It has been reported by Jack Mallers, the CEO of Zap, that US racing driver Ed...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.