Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey focuses on the meeting on the second day of the ‘Global FinTech Festival 2025’, in Mumbai | Photocredit: PTI/SHAHANK Parade
The arrival of Quantum Computing can lead to large security challenges, and Sebi is preparing the system to be safe prior to approval, said the chairman of the Tuhin Kanta Pandey capital marketregulator on Wednesday.
Pandey said that Quantum Computing has the technological possibilities to make it possible for bad actors to jeopardize passwords, which has long been assumed to be very safe and therefore it is necessary to prepare the system for this front.
Sebi has drawn up a “action plan” to ensure the quantum willingness of all stakeholders who regulates it, Pandey said here at the annual GFF.
There is a lot of research that goes into Quantum Computing, which will rely on the principles of quantum mechanics to solve complex problems that are resolved far beyond the possibilities of classic computers, Pandey said.
The career bureaucrate-oriented regulator said there is a possibility to come Kwantum Computing and as soon as it comes, the normal cryptography used to set passwords can be the first to break.
“We have Quantum Safe Computing (priority) to keep 2028 or 2029 as the date (when Quantum comes) about how we prepare ourselves as an industry to go for quantum-proof cryptography based on an action plan where we discover, we will prepare and then we will act in the next two-three year,” Pandey said.
In the meantime, answering a search on technological neutrality, Pandey said that he does not see the ability to keep shares in a paper shape, continues for a long time in a system that has long switched back to dematerialization.
About the concept of technological neutrality, a brightly disputed issue, he chose to become public with his skepticism with a nuanced view.
“Technology -neutrality is actually not feasible,” he said, adding that sticking to paper retention of shares will not be beneficial and one must assume the best technological position offered.
Secondly, there is also the aspect of standardization that technologies have to adhere to, Pandey said, adding that the internet would not have been possible without the protocols to connect an entire network of computers.
“You can only have technological neutrality to a extent to which multiple technologies are comparable and can make that connection,” he said.
“As a regulator I would say that we have to take over and hug a technology, both for our own good and for the well -being of the investor community that we serve,” added Pandey.
Published on October 8, 2025
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