Regulatory to be drafted by 2020 to monitor Blockchain technology

HYDERABAD: Stating that regulators around the world were working to balance the flexibility to transact in new ways through cryptocurrencies with appropriate safeguards, co-founder and CTO of Curl Analytics, Jayavaradhan Sambedu claimed that a multi-country effort, of which India is also a part, was being made to bring out a draft regulatory in 2020 to look into the issue of blockchain technology’s regulation.

Speaking at the 27th annual HYSEA Innovation summit and awards on the topic “Blockchain: Finance and More-Chaining the islands of business networks” organised by HYSEA on Thursday, Jayavaradhan said though blockchain networks themselves were considered very secure, but due to its usage in dealing with