Indian Government ๐Ÿ‡ฎ๐Ÿ‡ณ Wants to Regulate Cryptocurrencies

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ROI Overload is a daily radio show/video podcast show focused on the latest in trending topics in business, tech, finance and startups hosted by Scott D. Clary (@scottdclary).

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Welcome to Roy Overload daily business,tech and finance news. I'm Scott Declare. This is what's making news today.The Indian government wants to regulate cryptocurrencies, NAVIDIA's forty billion dollar arm acquisition runsinto a hurdle. Signal would introduce in APP SUSTAINARD programs for user donations, and zoom has to pay eighty five million dollars to settle a class actionsuit. Let's jump right into it's the first story of the day. TheIndian government wants to regulate cryptocurrency. So news coming out of local media sourcesin India suggests that the Indian government is not opting for a blanket band oncryptocurrencies. It rather has plans to regulate the industry. According to NDTV,and Indian media outlet, whose reporter managed to catch hold of a cabinet noteabout a proposed Crypto Bill, the security and Exchange board of India will lookafter the CRYPTO exchange regulation procedures. The note advocates the provision for a specifictime frame for investors to declare their crypto holdings and transfer them onto sebi regulatedexchanges. So security and the change board...

...of India regulated exchanges. The introductionof the provision might lead to the banning of many private wallets. Additionally,as evident from the note, the Indian government has stalled its plans to introduceCBDC with the Central Bank of the country, the Reserve Bank of India. Itin the case that the government is in no way keen to allow cryptoassets as legal tender. Next story in NAVIDIA's forty billion dollar arm acquisition runsinto a few hurdles, so the Federal Trade Commission, or FDC, hasdecided to sue to block the merger. The Commission expects the combined entity toend up except obstructing the development of next generation technologies, and navidia arm mergerwould have been the largest semiconductor chip merger in history. The FDC Bureau ofCompetition Director, Holly Vedova, believes that the proposed deal would distort arms incentivesin chip markets and allow the combined firm to unfairly undermine NAVIDIA's rivals. FDC'sother concerns is that the NAVIDAD that navidia...

...would gain sensitive information from arm alicense these who compete with Navidia. However, NAVIDIA has made promises to keep armsexisting open licensing model moving over to more social news. Signal would introducean in APP sustain a program for user donation. So signal is a nonprofitapplication. It does not accept advertiser or shareholder money, which is very differentfrom many other types of social platforms and even messenger platforms. To overcome thislimitation, the APP has launched a feature allowing users to make donations within theAPP. The donations could be monthly or one off payments through apple pay orGoogle pay. They would obviously be protected by the high level of confidentiality standardsthat signal employs. The donation information on signal would not be associated with aparticular users signal account. Clients making payments would receive a badge on their profilefor the server to understand, notthenticate the...

...set of people who made donations withoutgetting to know or accessing any individual information the sustain the sustainer donation levels areset at five dollars, ten dollars and twenty dollars. UNINSTALLING or stopping theuse of the APP would mean the cancelation of these sustainers donations with immediate effect. And lastly, zoom has to pay eighty five million dollars to settle aclass action claim. Class Action Lawsuit Settlement over alleged privacy and security issues requireszoom, the famous video conferencing APP, to pay eighty five million dollars.The APP has denied the allegations and any liability whatsoever. Two groups of usersare qualified to file a claim for a zoom pay out. The first groupwould comprise of people who paid for a zoom meetings APP subscription between art thirtytwo thousand and Sixteen and July thirty at twenty one. The claim amount couldbe twenty five dollars, or fifteen percent of what a user paid for thatsubscription. The second group would be much bigger, comprising people who were noteligible for the first group but registered,...

...used, opened or downloaded the zoommeeting APP between March thirty two thousand and sixteen and July thirty two thousand andtwenty one. The group is eligible to file a claim of fifteen dollars.And another news from around the Internet. Etherium is a far better store ofvalue than Bitcoin, according to academic report. So the Australian University just release areport. A group of researchers released a report that have claimed that etheriumwould soon become the world's first deflationary currency and replace bitcoins store of value,reputation as well. Google makes doctor finding easier. So the search giant Googlehas announced a new feature in search allowing doctors to list which languages they canspeak at their offices, making access to medical emergency doctors, GPS, whatever, just more accessible and easier. anyways, that's it for today. I hopeyou enjoyed if you found value in this, share this with the oneother person they can go. Subscriber. Daily business, tech and finance newsand News Letter Dot Roy overloadcom. Have...

...a great day. I'll see itsome.

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