Spice Route Legal
Singapore has long positioned itself as a forward-looking, innovation-friendly financial centre, with a measured approach to regulating digital assets and distributed ledger technologies. Over the last decade, the Monetary Authority of Singapore (“MAS”) has introduced a series of frameworks to license and regulate activities involving cryptocurrencies and other digital payment tokens (“DPTs”). Recognising the rapid… Continue reading Singapore’s Evolving Crypto Regulatory Framework: Updates to the FSMA and Its Implications for India-Facing Entities
Introduction The use of artificial intelligence and machine learning (collectively, “AI”) in the securities market has sparked both significant opportunities and concerns. The Securities and Exchange Board of India (“SEBI”) recognises this, and has been discussing the use of AI since 2016. SEBI first prepared an inventory of the AI tools used in the Indian… Continue reading From Algorithms to Accountability: SEBI’s Proposal to Regulate Use of AI
Stablecoin sandwich structures are having a moment. As crypto-native fintechs and digital wallet providers continue to reimagine the rails for international money movement, stablecoins (particularly USDC and USDT) are being deployed in increasingly creative ways. Among the most prominent of these is the ‘stablecoin sandwich’ – a product architecture in which fiat currency is converted… Continue reading A Stablecoin Sandwich For Lunch, Anyone?
We are pleased to announce that Harshda Bakshi has been promoted to Senior Associate with our Payments team. A key member of the practice, Harshda works closely with leading players across the payments ecosystem – including payment aggregators, prepaid instrument (PPI) issuers, and cross-border service providers – helping them navigate India’s complex and evolving regulatory… Continue reading Our Payments Team has a new Senior Associate!
Introduction The internet has transformed the way content is disseminated. Seamless and instantaneous access to information has challenged the conventional enforcement of intellectual property rights. Copyright holders now find themselves grappling with an increasingly evasive piracy landscape, tempting courts to draw a parallel to Hydra, the Greek mythological serpentine that grows two heads for every… Continue reading Understanding Dynamic, Dynamic+ and Superlative Injunctions: No More Whac-A-Mole?
We are delighted to share that Mathew Chacko, Partner and Co-founder at Spice Route Legal, has been recognised as one of India’s leading experts in the fintech and financial services regulatory space. In the recently released 2025 rankings, Chambers and Partners has ranked Mathew as a Band 1 lawyer for Fintech, reaffirming his outstanding leadership… Continue reading Mathew Chacko at the Top of the Chambers Fintech Honour Roll
The adoption of technology by regulated entities is significantly regulated by the Reserve Bank of India, the Securities & Exchange Board of India, the Insurance Regulatory & Development Authority of India, and the Pension Fund Regulatory and Development Authority. With unparalleled insight into the financial sector, we help traditional institutions adopt cutting-edge technologies and tech-enabled business models that enhance efficiency, strengthen compliance, and unlock new growth opportunities.
A Pivotal Moment in South Asia Over the last few years, South Asia has undergone a quiet but significant transformation in its approach to data protection. Once marked by fragmented or outdated regulatory regimes, the region is witnessing a deliberate shift towards comprehensive and modern data governance frameworks. India, Sri Lanka, Pakistan, and Nepal have… Continue reading Regional Data Watch – South Asia Data Protection Playbook
With our team’s expertise on KYC and Anti-Money Laundering laws ranging from financial sector regulations to the Aadhaar framework, we are able to offer compliance strategies and regulatory advice that ensure our clients meet legal obligations while maintaining operational efficiency and protection against any fraud risks.
Leveraging the expertise of one of India’s foremost sector-agnostic data protection practices, we regularly assist clients with resolving some of the most complex quandaries around cybersecurity and data protection in financial services. We advise some of the world’s largest banks, insurers, and payment system providers on navigating the intersecting requirements of India’s data protection regime and sector-specific guidelines issued by financial regulators including the RBI, IRDAI, SEBI, and PFRDA.
