What are the various policy measures taken by the government to support the fintech sector
Government initiatives to support fintech sector at policy level.
- Regulatory sandboxes to allow fintech companies to test new products/services in a controlled environment.
- Reduced compliance requirements and regulatory barriers to encourage innovation and market entry.
- Financial support through grants, subsidies, or special funding programs for fintech startups.
- Establishment of dedicated fintech hubs or zones to foster collaboration and knowledge sharing.
- Creation of specialized regulatory bodies or committees to oversee and support the growth of the fintech sector.
- Partnerships with industry stakeholders to develop industry standards and best practices.
- Promotion of digital infrastructure and cybersecurity measures to ensure a secure environment for fintech operations.
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8 months ago