Share Trading via mobiles has now been allowed by India's stock market regulator, the Securities & Exchange Board of India. In contrast with the Reserve Bank of India, which treats mobile and Internet differently, and treads cautiously when it comes to mobile, given the differences in scale between the two media, SEBI has suggested that the same guidelines applicable to Internet trading be applicable to wireless trading, which includes mobile phones, laptops with Data Cards etc. While this doesn't allow SMS based trading, we're glad that SEBI is taking a ubiquitous approach, and treating all transactions over Internet Protocol in the same manner. Challenges - Identification: SEBI has, thankfully, said that the unique user ID for Internet share trading shall be made applicable using mobile. Authenticating users in each instance on the mobile can be tedious, but with usage of encryption, it might not be an issue. Remember that we're also entering an era of unique identification of individuals, with
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