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” India to roll out CBDC using a graded approach: RBI Annual Report “ Further cementing India’s decision to introduce an in-house central bank digital currency (CBDC) in 2022-23, the Reserve Bank of India (RBI) proposed a three-step graded approach for rolling out CBDC “with little or no disruption” to the traditional financial system. In…
” Developing countries love the Metaverse, rich nations not keen: WEF survey “ Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF). Market research firm Ipsos released the results of the survey on…
” Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding “ Indian crypto businesses are struggling with the new tax policies as trading volumes have dried up and many established crypto firms are looking to relocate to more crypto-friendly jurisdictions. While many developed countries and even several of its Asian counterparts are actively studying…
” RBI warns of crypto ‘dollarization’ of Indian economy “ Officials from the Reserve Bank of India (RBI) have reportedly sounded the alarm bells again over crypto adoption, which they claim will ultimately lead to the “dollarization” of the local economy. According to a Monday report from the Indian branch of the Economic Times —…
“Indian couple sues son, daughter-in-law demanding grandchild” An older Indian couple desperate for grandkids is suing their son and daughter-in-law, demanding that they produce an offspring within a year — or pay them the equivalent of $675,000. Sanjeev Ranjan Prasad, a 61-year-old retired government officer, said it was an emotional and sensitive issue for him…
“Ayurveda is the hottest trend in hair, skin and beauty” For perfect-skin obsessives of a certain age, the 1997 book “Absolute Beauty: Radiant Skin and Inner Harmony Through the Ancient Secrets of Ayurveda” was required reading. A primer on the millennia-old system of Indian medicine, written by Ayurvedic doctor and Soho spa owner Pratima Raichur,…
” Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO “ Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region. Coinbase CEO Brian Armstrong later revealed that the service disruption was due to an “informal…
” Indian central securities depository to back up its monitoring of bonds by blockchain “ The National Securities Depository (NSDL), India’s central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform. NSDL officially launched the distributed ledger technology (DLT) platform on Saturday, May 7, during its 25th anniversary presentation, alongside the Securities and…
” Indian IT Ministry directs crypto exchanges to store user data for 5 years “ The Indian Computer Emergency Response Team (CERT-in), which falls under the Ministry of Electronics and Information Technology, issued a new directive on Thursday, forcing crypto exchanges, virtual private network (VPN) providers and data centers to store a wide range of…
” Binance to drive crypto and blockchain awareness among Indian investors “ Crypto exchange Binance announced the parallel launch of three key educational initiatives to fast-track educating Indian investors and students about the cryptocurrency and blockchain ecosystem. While recognizing the importance of investors’ awareness of crypto and blockchain, Binance highlighted that Indian regulators and policymakers…