Securities and Alternate Board of India (SEBI) Chairman Tuhin Kanta Pandey addresses the gathering on the second day of the ‘World Fintech Competition 2025’, in Mumbai, Wednesday, Oct. 8, 2025.
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SHASHANK PARADE/PTI
The Securities and Alternate Board of India (SEBI) has ready an motion plan to make the monetary system “quantum-safe” forward of its adoption, which is anticipated to pose safety challenges, Chairman Tuhin Kanta Pandey mentioned on Wednesday.
The upcoming quantum computing expertise has the potential to crack the cryptography of passwords, which at the moment makes them safe, and so there’s a want to organize the market ecosystem prematurely, Pandey mentioned.
Motion plan contains capability constructing and market ecosystem preparation
“SEBI has ready an motion plan in addition to capability constructing initiatives on quantum readiness of its regulated ecosystem,” Pandey mentioned on the annual World Fintech Fest 2025.
The regulator has made quantum-safe computing a precedence because the expertise is anticipated to come back in by 2028 or 2029. Subsequently, the trade might want to reset its passwords and expertise to undertake quantum-safe cryptography over the subsequent few years.
Cybersecurity stays a high concern amid rising tech adoption
A big quantity of analysis is being carried out in quantum computing, which depends on ideas of quantum mechanics to unravel complicated issues far past the capabilities of present computer systems. Fintechs are additionally testing the functions of blockchain expertise within the securities market underneath SEBI’s Innovation Sandbox.
Even now, cybersecurity threats have the potential to create systemic disruptions. A single knowledge breach or operational glitch can have cascading results throughout interconnected methods, he mentioned.
“As market contributors more and more depend on third-party service suppliers and cloud-based platforms, new vectors of danger emerge—typically past conventional regulatory perimeters,” Pandey mentioned. “To counter these challenges, we have now been taking numerous steps which embrace regulatory frameworks, steady monitoring, capacitybuilding, customary working process for classification and dealing with of cybersecurity Incidents.”
Dematerialisation and tech adoption important for future markets
The regulator additionally doesn’t see the flexibility to carry shares in paper type persevering with for lengthy, because the system has largely transitioned to dematerialisation. “As a regulator, I’d say that we should always undertake and embrace a expertise each for our personal good and for the nice of the investor neighborhood we serve,” Pandey mentioned.
“As we glance to the longer term, we envision a securities market that isn’t solely environment friendly and resilient, but in addition deeply inclusive, powered by innovation and expertise for the betterment of all contributors,” he mentioned.
Printed on October 8, 2025
