‘Relationship with Indian regulators is like a long-distance one, slows innovation’: Joe Wilson of unicorn NBFC
Joe Wilson of Bunq, a unicorn non-banking financial company, criticized Indian regulators for their 'long-distance' relationship with businesses, which he believes slows innovation. He suggested India could benefit from emulating the EU's direct regulatory engagement and its MiCA regulation for cryptocurrencies and stablecoins.
Why it matters
This critique from an international fintech leader highlights potential barriers to financial innovation and growth in India, suggesting that regulatory reforms could attract more private sector investment and accelerate the adoption of emerging financial technologies.
Indian regulators need to be more accessible and approachable in order to encourage deeper banking penetration and private sector activity in the banking sector, according to Joe Wilson of Bunq, a Netherlands-headquartered unicorn non-banking financial company.
The article reports on an interview, presenting the views and criticisms of an industry expert on regulatory practices without endorsing or refuting them, maintaining journalistic neutrality.
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