Regulatory push to entrepreneurs can provide more credibility and capital

Global investor and fintech ecosystem want governments to keep an open mind towards start-ups and technology including cryptocurrency

Risk capital is the need of the hour for entrepreneurs. What governments can do is provide a process to give credibility to businesses which in turn will help them build their brand and find investors, said Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore (MAS), speaking at the TiE Global Summit in Mumbai.

MAS is cited by global fintech and management consultants for the intense regulatory sandbox they have set up for startups. This sandbox allows businesses to tinker with the legal complications that their technology/financial solutions can run into and get guidance from regulatory bodies on how