Faisal KhanAnswered Nov 5, 2014Pranav Zota pretty much nails it. The wallet regulation is covered by the Payment & Settlement Act of 2007 and a few clauses from the Payment and Settlement Systems Regulations 2008.
Which RBI rules and regulations does PayPal have to follow?
Faisal KhanAnswered Nov 5, 2014Can central banks regulate cryptocurrencies to the same extent as fiat currencies?1 ansWhat laws and regulations govern international remittances, and how do they differ across countries?1 ansWho regulates international money transfers globally?1 ansAre government banking regulations overly burdensome for banks and the public?1 ans