The Indian Government ๐Ÿ‡ฎ๐Ÿ‡ณ May Impose Penalty or Jail Term For Violating Crypto Norms

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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 declary. This is what's making us today. The Indian government may impose a penalty or a jail term for violating crypto norms. Twitter is testing a new process to report harmful content. True North raises fifty million dollars to empower independent truckers, and visa launches a new CRYPTO consulting service to outdo its competitors in the blockchain space. Let's jump right into it. So the Indian government is proposing legislation that would penalize a user for violating crypto policy, which could range from a fine of two point seven million dollars a maximum fine or a jail term of one point five years. For crypto investors, the government will likely give a deadline to comply with the new rules and declare their crypto assets. Although there is a high degree of uncertainty of the regulatory situation India, some reports have indicated that crypto investors will be forced to hold crypto and exchanges operating under the oversight of these securities and Exchange board of India. Under this proposed law, private wallets would not be legal in any investors who use them could be subject to the aforementioned judicial penalties. Additionally, the government also plans to introduce...

...a minimum capital threshold for investing in cryptocurrencies. It seems like the Indian government is taking this strict action against crypto due to the perceived rise in money laundering, fraud and terrorism financing in the recent years. Another aspect is that the competition from private cryptocurrencies may also threaten the Reserve Bank of India's plans to launch a digital rupee. Twitter is testing some changes to the way users report tweets, which it says will simplify the reporting process and will make it easier for individuals when they're trying to flag the company on abusive or suspicious behavior. The new process aims to streamline the current tweet reporting process so that a person reporting a tweet may not be required to choose from our list of pre selected descriptions of what rule a tweet is violating. Alternatively, the company will ask the user what happened in a symptoms first approach to gather more complete information. Twitter says that by changing this process of reporting tweets, it's aiming to improve the quality of the reports it receives. The company also hopes to receive more firsthand...

...information to better decide how to handle the reported tweet. Currently, the platform is testing the new process with a small group of users from the United States. The company says that the new reporting process will be launched to a wider audience in two thousand and twenty two. True North raises fifty million dollars to empower independent truckers. So true north, the platform that puts independent truckers first, has raised fifty million dollars and it's series be funding round. The lated funding round was co led by groom and Altman, along with brothers Max and Jack Altman. The round also saw participation from flexport fund, original capital, tribe, capital one, three, seven, ventures, K, five, global and fifth down capital. Little found in two thousand and nineteen by GIN stage and Sand Jaya. Would your Ratney. True North has developed software so that independent truckers can better manage the way they do business. It San Francisco base start up offers a platform for truckers to streamline all the moving parts to come with delivery, from the roots they take to how long they spend on...

...billing invoices. The company wants to help independent truckers solve their problems like running their own operations, finding good roots and consistently well paying jobs. In addition, the company also aims optimized truck paperwork and billing. True north is already lowering cost for the roughly two hundred truckers using its software, and the latest proceeds should help the company to empower more independent truckers. VISA is launching a new crypto consulting service to outdo its competitors in the blockchain space. So visas launching a cryptoconsulting and advisory service, a move the Card Company says well help banks and merchants catch up with the increasing demand for digital assets. Companies. Crypto advisory practice, which is housed within its consulting and analytics division, will offer advice to financial institutions, retailers and companies on everything from launching crypto features to exploring nonfungable token visa has said that the US based Umb Bank is already using its crypto advisory service, and this latest move of Visa marks its attempt to get deeper and more intimate with the crypto market. In addition, visa is also developing product cator towards stable coins, which will be virtual tokens that...

...sort of align with the value of sovereign currencies like the dollar and Central Bank issue digital currencies. Company also hopes that its cryptocurrency consulting services can help promote the mainstream adoption of bitcoin and other digital currency. In recent years, major payment companies like visa and others have faced growing competition from the entry of financial startups, and this move from visa will help it be in Trent and keep up with the innovative offerings made by all of these types of startups and entrepreneurial venture and in other news from around the Internet, Crypto is a popular holiday gift for Americans, as a new survey so, according to a study by block Fi, cryptocurrencies like Bitcoin, theorium and dogecoming are going to be gifts of choice for people in the US. The quote unquote real talk, happy holdle days, which included one thousand two hundred and fifty participants, found that nearly one in ten Americans will give their loved ones Crypto as a holiday gift. And ebay starts offering an interactive d sneaker viewer. So the ECOMMERCE platform...

...ebay has launched a new feature d viewing tool called Ebay d true view, which lets users get a three hundred and sixty degree look at some of the sneakers they have for sale. The new feature will help sellers add interactive images to their sneaker listings. anyways, that's it for today. Hope you enjoyed if you found value in this, share this with one other person that can go subscribe for daily business te can finance news a newsletter got Roy overloadcom. Have a great day. I'll see. It's a.

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