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Can the rise of cryptocurrency impact currency market in India?
Slowly, cryptocurrencies are coming under the regulatory net in order to check misuse. Japan recently became the first country to regulate cryptocurrencies; the US is quickly laying down regulatory guidelines, the UK and Australia continue to work on the formalities while China has recently banned Initial Coin Offerings (ICO) due to various reasons, including various ICO scams around the world.
Though India plays a relatively small role in the global cryptocurrency market, only about 2% of the global cryptocurrency market cap, the RBI has warned about the potential financial, legal, customer protection and security-related risks in cryptocurrency, amidst prevalent media rumours of RBI launching its own form of cryptocurrencynamed Lakshmi.- Categories
- Finance
- Region
- South Asia
- Tags
- cryptocurrency, fintech, regulations
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Ethical Investors Tightening Screws on Emerging-Market Debt Issuers
Prices on Vale and Samarco bonds plummeted by about a third after the disaster. Vale, along with mine co-owner BHP Billiton, is facing a multi-billion dollar claim.
Events like that are increasingly spurring fund managers to look closer at environmental, social and governance (ESG) risks before investing in emerging markets, where polluting industries and accounting issues have often gone unpunished.- Categories
- Uncategorized
- Region
- Latin America
- Tags
- regulations
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Bitcoin: Indonesia bars use by fintech firms
Indonesia’s central bank has issued a regulation banning use of cryptocurrencies by financial technology companies involved in payment systems, and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.
- Categories
- Finance
- Region
- Asia Pacific
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China Online Finance Regulator Tells Unqualified Micro-Lenders to Stop Lending
"Some institutions are not qualified to issue loans but have used false promotion to attract clients, conduct violent debt collection, and charge extremely high interest rates and fees, causing financial risks and social problems in some regions," it said in the letter released on its website.
- Region
- Asia Pacific
- Tags
- regulations
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Kenyan regulator to force collaboration on Safaricom, rivals
The Communications Authority of Kenya (CA) is set to introduce laws to impose mobile money service interoperability in the country after providers failed to deliver the change themselves, The Standard reported.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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To Fight Global Threat of Antibiotic Resistance, WHO Issues First-Ever Guidelines to Curb Use
To address the major and growing global threat that stems from rampant overuse and misuse of antibiotics in agriculture, the World Health Organization (WHO) this week issued its first-ever formal guidelines instructing farmers to stop using so many antimicrobials in healthy livestock.
- Categories
- Health Care
- Tags
- public health, regulations
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Inter-American Development Bank Grants Colombia $450 Million USD Loan for Financial System Reforms
According to the IDB, the proposed reforms will aim to solidify macroeconomic stability, boost development, encourage public/private partnership financing, strengthen regulation of the financial system, promote financial inclusion, and heighten the country’s ability to monitor progress in these areas.
- Categories
- Uncategorized
- Region
- Latin America
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Safaricom sees lingering break-up threat
Safaricom is still facing the threat of being broken up as the Kenyan regulator weighs up a report on dominance in the country’s telecommunications industry, CEO Bob Collymore said. East Africa’s biggest company by market value may resort to court action to prevent it from being split, Collymore, 59, said in an interview Wednesday in the capital, Nairobi
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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