cryptohunter
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The RBI says electronic money institutions need to keep customer funds safe and regularly check their systems. These rules are like a guide for these institutions to make their systems strong, reduce risks, and make sure electronic money services are reliable.
Another big rule is having a plan to manage risks. This means these institutions have to figure out, check, and lessen different risks tied to electronic transactions. This includes risks in how things operate, credit risks, and having enough money to cover things.
It is also important for these institutions to plan for the unexpected. They need backup plans in case something goes wrong, like technical problems, natural disasters, or anything unexpected that might mess up their services.
Another big rule is having a plan to manage risks. This means these institutions have to figure out, check, and lessen different risks tied to electronic transactions. This includes risks in how things operate, credit risks, and having enough money to cover things.
It is also important for these institutions to plan for the unexpected. They need backup plans in case something goes wrong, like technical problems, natural disasters, or anything unexpected that might mess up their services.
