2014-10-16

When technology meets laws dated back to '80s

Uber is on the brink of getting kicked out of India. The reason, it cannot adhere to the Regulatory Bank's (RBI) laws:

  1. enforce strong authentication using SMS
  2. Two citizens cannot conduct transactions in foreign currency, unless one holds an RBI-issued forex brokerage license.
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)