Overview

• Speaking at the Global Fintech Fest in Mumbai, Pandey said SEBI has prepared an action plan and capacity-building measures to address post-quantum cryptographic risks across its regulated ecosystem.
• SEBI will use its regulatory sandbox to let fintechs test distributed ledger and blockchain applications under controlled, compliant conditions.
• Pandey said full technology neutrality is not feasible, urging adoption of standardised, interoperable systems and noting that paper shareholding is unlikely to persist.
• No deadlines or mandated upgrades were announced, with the regulator stressing preparedness, continuous resilience, and shared responsibility across market institutions and intermediaries.
• The push complements national guidance on quantum cyber readiness and SEBI’s broader use of AI, data analytics, and its cyber resilience framework to strengthen market oversight.