Financial Establishments

New Medical College Establishments: The committee will discuss the issue and create a report containing evaluations of feasibility, standards, plans for execution, financial implications, and schedules.

Google Pay and National Payments Corporation of India (NPCI) will work together to expand Unified Payments Interface (UPI), the instant payments system widely used in the country, to international markets, Google and NPCI confirmed Wednesday. A Memorandum of Understanding (MoU) has been signed between Google Pay India and NPCI subsidiary, NPCI Inte...

In conversation with Gadgets 360, Kumar Gaurav, the founder and CEO of Cashaa said that the wait for India to finally get its crypto laws is ‘undeniably frustrating’ for industry players. Indian crypto community members like Gaurav are concerned that the delay in India getting its comprehensive crypto laws could result in required assets flowin...

PayPal's stablecoin is likely to succeed where Facebook's failed, thanks to the payment giant's standing in Washington and policymakers' greater understanding of the issues in the last three years. PayPal this month said it was launching PayPal USD, a crypto token pegged to the US dollar, making it the second major global company to launch a stable...

A key House Republican lawmaker said Tuesday that he intends to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products in the coming weeks. He said he expects to put a bill forward for the panel to consider after lawmakers return to work on July 11.

US-based venture capital firm Andreessen Horowitz (a16z) has decided to go international with its presence. The crypto and Web3-focussed company will be establishing itself in the UK later this year. The firm finalised the move after several rounds of discussions with UK’s pro-crypto PM Rishi Sunak.

Imran Khan said Pakistan's military establishment wanted to stop his opposition party from winning the next election, paving the way for a weak government as the country seeks to stave off a financial crisis.

Apple said on Tuesday it doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere. The iPhone-maker said it will invest up to an additional $200 million (roughly Rs. 1,641 crore) in its Restore Fund, which was created in 2021 with an initial $200 million commitment.

Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.

UK, stepping into 2023 will exempt foreigners who are using local British crypto exchanges for buying cryptocurrencies from paying taxes. The tax break will apply to a non-UK resident using a local exchange to make crypto trades. An investment manager trading on behalf of a non-UK resident will also be given a relief from paying taxes on profits ch...

Six lakh complaints of cybercrime were registered between August 30, 2019 and December 12, 2022 according to Minister of State for Home Ajay Kumar Mishra. The minister said a financial amount of over Rs. 188 crore was saved from more than 1.11 lakh complaints received by the Citizen Financial Cyber Fraud Reporting and Management System that was est...

Cryptocurrencies without an issuer such as Bitcoin and Ether are not securities, Belgium’s Financial Services and Markets Authority said in a press note. The regulator said it was getting an increasing number of questions about the regulatory treatment of crypto and hoped to address the most frequently asked questions.

Given the rising number of crypto scams denting the industry, New York Senator Kevin Thomas has proposed to criminalise such frauds. Thomas aims to strictly punish those who exploit virtual currencies and cause financial harms to innocent investors. The bill is currently awaiting a committee review.

Pakistan's anti-corruption watchdog has established an anti-money laundering and terror financing cell to check financial crimes and illegal transfer of resources as the country struggled to exit from the FATF's grey list.

The Australian Securities and Investments Commission (ASIC) is seeking feedback to identify appropriate crypto assets and set up good market practices for financial instruments that expose them to digital currency-backed assets.

New Medical College Establishments: The committee will discuss the issue and create a report containing evaluations of feasibility, standards, plans for execution, financial implications, and schedules.

Google Pay and National Payments Corporation of India (NPCI) will work together to expand Unified Payments Interface (UPI), the instant payments system widely used in the country, to international markets, Google and NPCI confirmed Wednesday. A Memorandum of Understanding (MoU) has been signed between Google Pay India and NPCI subsidiary, NPCI Inte...

In conversation with Gadgets 360, Kumar Gaurav, the founder and CEO of Cashaa said that the wait for India to finally get its crypto laws is ‘undeniably frustrating’ for industry players. Indian crypto community members like Gaurav are concerned that the delay in India getting its comprehensive crypto laws could result in required assets flowin...

PayPal's stablecoin is likely to succeed where Facebook's failed, thanks to the payment giant's standing in Washington and policymakers' greater understanding of the issues in the last three years. PayPal this month said it was launching PayPal USD, a crypto token pegged to the US dollar, making it the second major global company to launch a stable...

A key House Republican lawmaker said Tuesday that he intends to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products in the coming weeks. He said he expects to put a bill forward for the panel to consider after lawmakers return to work on July 11.

US-based venture capital firm Andreessen Horowitz (a16z) has decided to go international with its presence. The crypto and Web3-focussed company will be establishing itself in the UK later this year. The firm finalised the move after several rounds of discussions with UK’s pro-crypto PM Rishi Sunak.

Imran Khan said Pakistan's military establishment wanted to stop his opposition party from winning the next election, paving the way for a weak government as the country seeks to stave off a financial crisis.

Apple said on Tuesday it doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere. The iPhone-maker said it will invest up to an additional $200 million (roughly Rs. 1,641 crore) in its Restore Fund, which was created in 2021 with an initial $200 million commitment.

Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.

UK, stepping into 2023 will exempt foreigners who are using local British crypto exchanges for buying cryptocurrencies from paying taxes. The tax break will apply to a non-UK resident using a local exchange to make crypto trades. An investment manager trading on behalf of a non-UK resident will also be given a relief from paying taxes on profits ch...

Six lakh complaints of cybercrime were registered between August 30, 2019 and December 12, 2022 according to Minister of State for Home Ajay Kumar Mishra. The minister said a financial amount of over Rs. 188 crore was saved from more than 1.11 lakh complaints received by the Citizen Financial Cyber Fraud Reporting and Management System that was est...

Cryptocurrencies without an issuer such as Bitcoin and Ether are not securities, Belgium’s Financial Services and Markets Authority said in a press note. The regulator said it was getting an increasing number of questions about the regulatory treatment of crypto and hoped to address the most frequently asked questions.

Given the rising number of crypto scams denting the industry, New York Senator Kevin Thomas has proposed to criminalise such frauds. Thomas aims to strictly punish those who exploit virtual currencies and cause financial harms to innocent investors. The bill is currently awaiting a committee review.

Pakistan's anti-corruption watchdog has established an anti-money laundering and terror financing cell to check financial crimes and illegal transfer of resources as the country struggled to exit from the FATF's grey list.

The Australian Securities and Investments Commission (ASIC) is seeking feedback to identify appropriate crypto assets and set up good market practices for financial instruments that expose them to digital currency-backed assets.