Current Volume 9
Abstract
The high pace of development of digital financial markets has greatly altered the world of finance, bringing new innovative technologies along with financial technology (FinTech), crypto currencies, and other types of assets. Such developments have not only presented economic growth opportunities in India but have also posed problems to the regulatory bodies. As the main supervisor of the securities market, the Securities and Exchange Board of India (SEBI) is becoming more and more prone to redesign its more traditional regulatory framework in adaptation to the issues of digital finance. This article looks at the changing position of SEBI in the regulation of digital markets with specific emphasis on crypto currencies, FinTech innovations, and revolutionary asset classes like non-fungible tokens (NFTs) and tokenized securities. The paper takes a qualitative and analytical strategy where secondary data include academic literature, policy reports, and regulatory publications are used. It dwells upon regulatory ambiguities and uncertainties of crypto currencies in India such as overlaps between SEBI and the Reserve Bank of India (RBI) and the government. The paper further analyses an initiative carried out by SEBI in promoting FinTech innovation including regulatory sandboxes and digital compliance tools, as well as points to risks involved, including cybersecurity risks and data privacy. In addition, this paper examines the difficulty of new digital asset classes which obscure the lines between traditional and modern investments. The comparative approach also goes a notch higher and reviews world practices in regulatory measures in order to come up with best practices that can be applied in India. The results indicate that SEBI has achieved a great deal; however, a more harmonious, dynamic, and progressive regulatory structure is needed. The paper will conclude by making policy recommendations to create a balance between innovation and investor protection to guarantee the sustainable development of the digital Indian financial ecosystem.
Citations
IRE Journals:
Shruti Poddar, Sadaf Zarin, Dipti Shova Ghosh "SEBI and Digital Markets: Crypto Currency, Fintech and New Asset Classes" Iconic Research And Engineering Journals Volume 9 Issue 10 2026 Page 3406-3417 https://doi.org/10.64388/IREV9I10-1717241
IEEE:
Shruti Poddar, Sadaf Zarin, Dipti Shova Ghosh
"SEBI and Digital Markets: Crypto Currency, Fintech and New Asset Classes" Iconic Research And Engineering Journals, 9(10) https://doi.org/10.64388/IREV9I10-1717241
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