Facebook's new cryptocurrency is targeting the developing world struggling with volatile currencies just as Bitcoin and its ilk promised but failed completely.
Given its access to people's transaction data, Facebook’s use of its own cryptocurrency should raise questions on the implications on privacy, potential data breaches, and credit scoring.
Here’s what’s happening across the border: Harvard Law School graduate questions legality of cryptocurrencies in Islamic finance; Pak women’s cricket team gives away 10 runs to India in T20 match.
A $3 billion scam could be unfolding in Gujarat as probe into an alleged Ponzi scheme reveals tax evasion, police corruption and a fugitive politician.
India’s most trusted regulatory body, the Reserve Bank of India, has given the courts two opportunities to question its manner of taking significant decisions in the last two years.
The Federal Bureau of Investigation seized 91,000 Ether units, consisting of digital funds which amounted to $60 million. The fraudsters used to tell potential investors that Centra Tech had formed partnerships with Bancorp, Visa, and Mastercard to issue Centra Cards.
Crypto dealers are trying to identify institutions out of RBI’s purview, such as post offices, where money orders can be used to send and receive funds.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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