Securities and Exchange Board of India Chairman Tuhin Kanta Pandey cautioned on Wednesday that advances in quantum computing could undermine cryptography-based passwords used to secure digital systems. Speaking at the Global Fintech Fest 2025, he said research into quantum-safe computing is underway and that traditional cryptographic methods may eventually become obsolete. He compared the potential disruption to the Y2K issue, noting the need for new password protection systems once quantum computing becomes widely available.
Pandey explained that current cryptography-based security could be broken by quantum systems and emphasized the importance of developing post-quantum cryptographic measures. He said SEBI has created a regulatory sandbox that allows fintech companies to test blockchain applications in financial technology.
He also warned that digital infrastructure, while expanding market access, has enabled fraudsters to exploit investors. Addressing the World Investor Week 2025 earlier, he said online scams, fake trading platforms, and false promises of guaranteed returns threaten investor trust. Pandey urged that markets must operate with integrity and transparency to support long-term economic growth.
Pandey explained that current cryptography-based security could be broken by quantum systems and emphasized the importance of developing post-quantum cryptographic measures. He said SEBI has created a regulatory sandbox that allows fintech companies to test blockchain applications in financial technology.
He also warned that digital infrastructure, while expanding market access, has enabled fraudsters to exploit investors. Addressing the World Investor Week 2025 earlier, he said online scams, fake trading platforms, and false promises of guaranteed returns threaten investor trust. Pandey urged that markets must operate with integrity and transparency to support long-term economic growth.
