This article explores the concepts of crowdfunding, tokenisation and REITs, focussing on their distinctive attributes and major advantages/disadvantages. Introduction Conventional fundraising and governance has undergone a sea change over the past many decades. Starting from 1960s, REITs gained prominence as the vehicle to provide access to an otherwise illiquid market – real estate. With time,Read more
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This blog post examines the evolution of the AA Framework, and its role in the India Stack ecosystem. Our earlier blog was a primer to the NBFC account aggregator framework (“AA Framework”). In this one we take a closer look at the evolution of the AA Framework. And its role in the India Stack ecosystem.Read more
E-wallets may have been critical for India’s digital payments revolution but have since seen set-backs in the form of regulatory changes and competition from UPI. In this blog we take a closer look at the value proposition of e-wallets. 1. Introduction E-wallets[1] a rare breed of financial product where the RBI has permitted non-banking entities to accept ‘deposits’-Read more
The 4th edition of India FinTech Forum’s IFTA is being held on 29th November 2019 (Friday) at The Lalit, Mumbai. The India FinTech Forum aims to position the fintech community in India as a global leader in innovation and entrepreneurship. It was an opportunity for banks, fintech startups, investors and speakers to have meaningful conversations. The event saw panelRead more
The Steering Committee on Fintech Related Issues (‘Committee’), set up by the Ministry of Finance, recently issued its report (‘Report’)[1], in which it takes stock of developments in the fintech space, globally and in India. It makes 45 recommendations to enable fintech, particularly in critical sectors of the economy, and to promote ‘ease of doingRead more
Aparna Sai and Ranajit Dam cover Ikigai Law’s views in their article “Start-up Nation” in the June edition of Asian Legal Business. The article discusses how the startup practice is evolving for law firms and how lawyers are playing a critical role in the development of the sector. Here are some excerpts: Anirudh Rastogi, founderRead more
Comments To The Sebi’s Discussion Paper On Framework For Regulatory Sandbox The Securities and Exchange Board of India (“SEBI”) released its discussion paper on the framework for a regulatory sandbox (“RS”) (“Discussion Paper”) on 28 May 2019. The SEBI’s perceptiveness to the significance of an RS as a regulatory tool is commendable. Its decisionRead more
News has it that Facebook is foraying into online remittances and will introduce a tethered digital asset named “Libra” to fuel this system. Libra will be linked with the INR (i.e. the Indian National Rupee) and each Libra will always convert to 1 INR. How will this play with the April 2018 RBI circular that imposed a deRead more
In February 2017, Whatsapp had announced its plans to introduce a UPI-based payments service in India. Since then, a number of developments have taken place with respect to the payments service, including a discussion on privacy concerns surrounding the application’s use of customer data. This post provides a timeline of all the developments that haveRead more
The Government’s Position on Cryptocurrency While the novelty factor of cryptocurrency and the blockchain technology has not abated since 2009, Indian regulators have only recently begun evaluating the financial and security risks posed by virtual currencies such as Bitcoin. The Finance Minister, Mr. Arun Jaitley, announced in his 2018 Budget Speech that the government doesRead more