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Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
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Malaysia's Prime Minister Meets Binance Founder Changpeng Zhao to Discuss Web3, Blockchain Strategy
Malaysian Prime Minister Anwar Ibrahim met with Binance co-founder Changpeng Zhao on April 22. In his tweet, the Malaysian PM wrote that it is clear that government leadership is essential in driving blockchain adoption.
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Crypto Assets May Gain Legal Status in Japan as Regulators Aim to Tackle Insider Trading: Report
Japan's financial regulators are reportedly revising the Financial Instruments and Exchange Act to include crypto assets, aiming to submit the reformed bill to parliament by 2026 after completing their analysis. Led by the Financial Services Agency (FSA), this initiative aims to foster crypto industry growth under stringent regulatory oversight.
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Kraken Obtains MiFID Licence to Launch Crypto Derivatives Trading in the EU
Kraken announced that it has secured the Markets in Financial Instruments Directive (MiFID) licence in the EU. Kraken managed to secure this MiFID licence after it completed the acquisition of an investment firm named Cypirot. Post this purchase, the Cyprus Securities and Exchange Commission (CySEC) gave its approval to Kraken to be an MiFID-licenc...
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India, UK Discuss Crypto Assets; Focus on Robust Approach to Handling Risks and Vulnerabilities
India and the UK discussed international developments regarding crypto assets at the India-UK 2nd Financial Markets Dialogue t the India-UK 2nd Financial Markets Dialogue on Wednesday. Both countries' participants at the dialogue provided updates on recent developments in their respective banking sectors. They also discussed banking trends and emer...
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FTX Collapse Has Put Spotlight on Vulnerabilities in Crypto Ecosystem: Economic Survey 2022-23
The recent collapse of the crypto exchange FTX and the ensuing sell-off in the crypto markets have placed a spotlight on the vulnerabilities in the crypto ecosystem, the Economic Survey 2022-23 presented in Parliament said on Tuesday. Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because...
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G20 Members to Review Anti-Evasion Crypto Tax Framework Drafted by OECD
The Organisation for Economic Cooperation and Development, or OECD has proposed amendments to the ‘Common Reporting Standard (CRS)’, that is taken into consideration by the G20 and OECD organisations to bring about tax reforms for the crypto sector. Over the next months, the OECD will be taking forward work on the legal and operational instrume...
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EU Parliament Proposes to Bring NFT Trading Platforms Under Anti-Money Laundering Law
A group of four lawmakers have proposed to being NFT trading platforms under the legal scanner to curb their exploitation by notorious entities. Since NFTs are valuable digital assets and are usually purchased in exchange of cryptocurrencies, they can be exploited as an instrument to facilitate instant cross-border financial transactions. Hence, th...
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Goldman Sachs is Exploring Ways to Tokenise Real Assets, NFTs
Goldman Sachs, the US-based lender, is exploring ways to tokenise real life assets into NFTs. They are viewing NFTs as financial instruments that would make the transfer of physical assets immediate. The move comes as Goldman Sachs continues to keep working in the crypto sphere.
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Australian Regulator Seeks Feedback on Managing 'Risky' Cryptocurrency Assets
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.
-
Assam Cops In Touch With States To Probe Pan-India Bank Fraud Network
The Assam Police has opened communication with other states to track a possible pan-India bank fraud network that has been withdrawing money from government accounts using forged financial instruments like cheques. The state had earlier alerted at least a dozen states after a probe into a bank fraud in the Chief Minister's Relief Fund found that a ...
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Comparison Of Bank Of India, SBI, ICICI Bank, HDFC Bank FD Interest Rates
Bank fixed deposits (FD) are financial instruments that provide investors a higher rate of interest than a regular savings account.
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SBI, ICICI Bank, HDFC Bank, PNB: Which Bank Offers Highest Fixed Deposit (FD) Interest Rates?
A bank fixed deposit (FD) is a financial instrument that provides an assured interest rate until a given maturity date.
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Tax-Saving Mutual Funds (ELSS): Tax Benefits, Lock-In Period And Other Details
One can invest up to Rs 1.50 lakh in ELSS funds in a financial year and can get tax benefit on that.
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What Are Payment Banks, What They Can and Cannot Do, and Who Will They Affect?
The new payment bank licenses open up a number of opportunities for financial inclusion, but most people won't be affected for now.
-
Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
-
Malaysia's Prime Minister Meets Binance Founder Changpeng Zhao to Discuss Web3, Blockchain Strategy
Malaysian Prime Minister Anwar Ibrahim met with Binance co-founder Changpeng Zhao on April 22. In his tweet, the Malaysian PM wrote that it is clear that government leadership is essential in driving blockchain adoption.
-
Crypto Assets May Gain Legal Status in Japan as Regulators Aim to Tackle Insider Trading: Report
Japan's financial regulators are reportedly revising the Financial Instruments and Exchange Act to include crypto assets, aiming to submit the reformed bill to parliament by 2026 after completing their analysis. Led by the Financial Services Agency (FSA), this initiative aims to foster crypto industry growth under stringent regulatory oversight.
-
Kraken Obtains MiFID Licence to Launch Crypto Derivatives Trading in the EU
Kraken announced that it has secured the Markets in Financial Instruments Directive (MiFID) licence in the EU. Kraken managed to secure this MiFID licence after it completed the acquisition of an investment firm named Cypirot. Post this purchase, the Cyprus Securities and Exchange Commission (CySEC) gave its approval to Kraken to be an MiFID-licenc...
-
India, UK Discuss Crypto Assets; Focus on Robust Approach to Handling Risks and Vulnerabilities
India and the UK discussed international developments regarding crypto assets at the India-UK 2nd Financial Markets Dialogue t the India-UK 2nd Financial Markets Dialogue on Wednesday. Both countries' participants at the dialogue provided updates on recent developments in their respective banking sectors. They also discussed banking trends and emer...
-
FTX Collapse Has Put Spotlight on Vulnerabilities in Crypto Ecosystem: Economic Survey 2022-23
The recent collapse of the crypto exchange FTX and the ensuing sell-off in the crypto markets have placed a spotlight on the vulnerabilities in the crypto ecosystem, the Economic Survey 2022-23 presented in Parliament said on Tuesday. Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because...
-
G20 Members to Review Anti-Evasion Crypto Tax Framework Drafted by OECD
The Organisation for Economic Cooperation and Development, or OECD has proposed amendments to the ‘Common Reporting Standard (CRS)’, that is taken into consideration by the G20 and OECD organisations to bring about tax reforms for the crypto sector. Over the next months, the OECD will be taking forward work on the legal and operational instrume...
-
EU Parliament Proposes to Bring NFT Trading Platforms Under Anti-Money Laundering Law
A group of four lawmakers have proposed to being NFT trading platforms under the legal scanner to curb their exploitation by notorious entities. Since NFTs are valuable digital assets and are usually purchased in exchange of cryptocurrencies, they can be exploited as an instrument to facilitate instant cross-border financial transactions. Hence, th...
-
Goldman Sachs is Exploring Ways to Tokenise Real Assets, NFTs
Goldman Sachs, the US-based lender, is exploring ways to tokenise real life assets into NFTs. They are viewing NFTs as financial instruments that would make the transfer of physical assets immediate. The move comes as Goldman Sachs continues to keep working in the crypto sphere.
-
Australian Regulator Seeks Feedback on Managing 'Risky' Cryptocurrency Assets
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.
-
Assam Cops In Touch With States To Probe Pan-India Bank Fraud Network
The Assam Police has opened communication with other states to track a possible pan-India bank fraud network that has been withdrawing money from government accounts using forged financial instruments like cheques. The state had earlier alerted at least a dozen states after a probe into a bank fraud in the Chief Minister's Relief Fund found that a ...
-
Comparison Of Bank Of India, SBI, ICICI Bank, HDFC Bank FD Interest Rates
Bank fixed deposits (FD) are financial instruments that provide investors a higher rate of interest than a regular savings account.
-
SBI, ICICI Bank, HDFC Bank, PNB: Which Bank Offers Highest Fixed Deposit (FD) Interest Rates?
A bank fixed deposit (FD) is a financial instrument that provides an assured interest rate until a given maturity date.
-
Tax-Saving Mutual Funds (ELSS): Tax Benefits, Lock-In Period And Other Details
One can invest up to Rs 1.50 lakh in ELSS funds in a financial year and can get tax benefit on that.
-
What Are Payment Banks, What They Can and Cannot Do, and Who Will They Affect?
The new payment bank licenses open up a number of opportunities for financial inclusion, but most people won't be affected for now.
