Indian Government 🇮🇳 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 runs into 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 action suit. Let's jump right into it's the first story of the day. The Indian government wants to regulate cryptocurrency. So news coming out of local media sources in India suggests that the Indian government is not opting for a blanket band on cryptocurrencies. It rather has plans to regulate the industry. According to NDTV, and Indian media outlet, whose reporter managed to catch hold of a cabinet note about a proposed Crypto Bill, the security and Exchange board of India will look after the CRYPTO exchange regulation procedures. The note advocates the provision for a specific time frame for investors to declare their crypto holdings and transfer them onto sebi regulated exchanges. So security and the change board...

...of India regulated exchanges. The introduction of 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 introduce CBDC with the Central Bank of the country, the Reserve Bank of India. It in the case that the government is in no way keen to allow crypto assets as legal tender. Next story in NAVIDIA's forty billion dollar arm acquisition runs into a few hurdles, so the Federal Trade Commission, or FDC, has decided to sue to block the merger. The Commission expects the combined entity to end up except obstructing the development of next generation technologies, and navidia arm merger would have been the largest semiconductor chip merger in history. The FDC Bureau of Competition Director, Holly Vedova, believes that the proposed deal would distort arms incentives in chip markets and allow the combined firm to unfairly undermine NAVIDIA's rivals. FDC's other concerns is that the NAVIDAD that navidia...

...would gain sensitive information from arm a license these who compete with Navidia. However, NAVIDIA has made promises to keep arms existing open licensing model moving over to more social news. Signal would introduce an in APP sustain a program for user donation. So signal is a nonprofit application. It does not accept advertiser or shareholder money, which is very different from many other types of social platforms and even messenger platforms. To overcome this limitation, the APP has launched a feature allowing users to make donations within the APP. The donations could be monthly or one off payments through apple pay or Google pay. They would obviously be protected by the high level of confidentiality standards that signal employs. The donation information on signal would not be associated with a particular users signal account. Clients making payments would receive a badge on their profile for the server to understand, notthenticate the...

...set of people who made donations without getting to know or accessing any individual information the sustain the sustainer donation levels are set at five dollars, ten dollars and twenty dollars. UNINSTALLING or stopping the use 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 a class action claim. Class Action Lawsuit Settlement over alleged privacy and security issues requires zoom, the famous video conferencing APP, to pay eighty five million dollars. The APP has denied the allegations and any liability whatsoever. Two groups of users are qualified to file a claim for a zoom pay out. The first group would comprise of people who paid for a zoom meetings APP subscription between art thirty two thousand and Sixteen and July thirty at twenty one. The claim amount could be twenty five dollars, or fifteen percent of what a user paid for that subscription. The second group would be much bigger, comprising people who were not eligible for the first group but registered,...

...used, opened or downloaded the zoom meeting APP between March thirty two thousand and sixteen and July thirty two thousand and twenty 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 of value than Bitcoin, according to academic report. So the Australian University just release a report. A group of researchers released a report that have claimed that etherium would 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 Google has announced a new feature in search allowing doctors to list which languages they can speak at their offices, making access to medical emergency doctors, GPS, whatever, just more accessible and easier. anyways, that's it for today. I hope you enjoyed if you found value in this, share this with the one other person they can go. Subscriber. Daily business, tech and finance news and News Letter Dot Roy overloadcom. Have...

...a great day. I'll see it some.

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