Reserve Bank of India
The Supercash on MobiKwik has been heavily criticized for luring in customers without giving back any actual benefit to the user.
The panel which is right now investigating bitcoins and other cryptocurrencies are against a total ban on the digital currencies and favour regulation.
After dominating QR Code mode of payments it has emerged that Paytm now plans to roll out a massive quantity of PoS machines, all over India.
Insider sources have revealed that right now RBI is finalizing the protocols to allow interoperability between mobile wallets in India within a month.
Basically, RBI has altered the Liberalised Remittance Scheme rules, which allowed money transfer up to $25,000 without any PAN Card requirement.
Repo rate is the interest at which RBI lends money to other banks, which are meant for consumer loans. It is also called short-term lending rate.
Police have unearthed a Rs 500 crore cryptocurrency scam in Mumbai, where investors were promised 10-20X returns and were promised Swiss citizenship.
Xiaomi’s Mi Credit platform has been developed in association with KreditBee, which is an instant loan platform for young professionals. KreditBee is an NBFC (Non-Banking Financial Company) registered with RBI.
Govt. is considering levying 18% GST on trade and usage of cryptocurrencies in India. And this taxation of cryptocurrencies means that instead of a banned activity trading and mining of cryptocurrencies would be legal and official.
Sometime around 2010, the internet started catching up in India with the smartphone boom in the country. And, pundits began foretelling a bright future for internet in India. They predicted – “Data will be the King” in this new Digital…