The blockchain rivalry between India and Pakistan: Who can seize the fintech opportunity first

Deep潮TechFlow news shows that on December 12th, Indian financial regulators have been very active. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) jointly promote the application of Distributed Ledger Technology (DLT) in the financial markets.

Under the impact of the global digital asset wave, this move by India is not accidental. Compared to Pakistan, which is also in South Asia, Indian financial regulators have shown a more proactive embrace. The focus of this push is on three major areas: asset tokenization, digital programmability, and market efficiency enhancement.

Unlike the previous license issuance model, Indian authorities are now focusing on deploying permissioned blockchain systems within a regulated framework. What does this mean? Simply put, it means both innovation and risk control are required. The gradual strategies of RBI and SEBI indicate that India is exploring a balanced path that can unleash the benefits of blockchain technology while maintaining financial stability.

This policy advancement has significant implications for the fintech landscape in South Asia. By establishing a mature blockchain application ecosystem first, India is expected to seize the initiative in digital financial competition.