The IFSCA’s decision to frame regulations and policy guidelines for blockchain-based products seems to be a well-timed move as tokenization is expected to have a huge impact on the world economy, even more than cryptocurrency
Muvhango Lukhaimane, is the Pension Fund Adjudicator and her office is legally empowered to handle pension fund disputes between workers and their employees.
The latest move by the International Financial Services Centres Authority (IFSCA) assumes significance since it is the first major step by any regulator to frame regulations for tokenisation of real and physical assets
The article discusses a circular through which the IFSCA has introduced relaxations under the IFSCA (Fund Management) Regulations, 2022 to encourage the establishment of family investment funds in the IFSC.
"We are coming up with payments regulations shortly, maybe in the next few months. This will enable regulated entities to provide these services to ensure instant settlement of payments," IFSCA Chairman K Rajaraman said while addressing the global fintech festival here. Currently, such payments are cleared through the banking system, which is time-consuming.