Indian Government ?? Wants to Regulate Cryptocurrencies

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Indian Government ?? Wants to Regulate Cryptocurrencies

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News coming out of the local media sources suggests that the Indian government is not opting for a blanket ban on cryptocurrencies. It rather has plans to regulate the industry.

According to NDTV, an Indian media outlet whose reporter managed to catch hold of a cabinet note about the 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 timeframe for investors to declare their crypto holdings and transfer them on time to SEBI-regulated exchanges. The introduction of this 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 a CBDC with the central bank of the country, the Reserve Bank of India. It indicates that the government is in no way keen to allow crypto assets as legal tender.

Nvidia’s $40 Aillion Arm Acquisition Runs Into Hurdle ?

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The Federal Trade Commission or the FTC has decided to sue to block the merger. The commission expects the combined entity to end up obstructing the development of next-gen technologies.

The Nvidia Arm merger would have been the largest semiconductor chip merger in history. The FTC Bureau of Competition Director Holly Vedova believes that the proposed “deal would distort Arm’s incentives in chip markets and allow the combined firm to unfairly undermine Nvidia’s rivals.”

FTC’s other concern is that Nvidia would gain sensitive information access from Arm licensees who compete with Nvidia. However, Nvidia has made promises to keep Arm’s existing open licensing model.

Signal Would Introduce In-App Sustainer Programs For User Donations ?

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The signal is a non-profit application. It does not accept advertiser or shareholder money. 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. Staying at par with the high level of confidentiality standards that Signal follows, the donation information on Signal would not be associated with a particular user’s Signal account.

Clients making payments would receive a badge to their profile for the server to understand and authenticate the set of people who made donations without getting to know any individual information.

The sustainer donation levels could be $5, $10, or $20. Uninstalling or stopping the use of the app would mean the cancellation of the sustainer donations with immediate effect.

Zoom to Pay $85 Million ? as Class-Action Settlement ⚖

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A class-action lawsuit settlement over alleged privacy and security issues requires Zoom, the famous video conferencing app, to pay $85 million.

The app has denied the allegations and any liability whatsoever. Two groups of users are qualified to file a claim for a Zoom payout.

The first group would comprise people who paid for a Zoom Meetings App subscription between March 30th, 2016, and July 30th, 2021. The claim amount could be $25 or 15 percent of what the 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 30th, 2016, and July 30th, 2021. This group is eligible to file a claim for $15.

Around the Web

ETH is far Better Than BTC When it Comes to Being a Store of Value, States an Academic Report: Australian University researchers have claimed that Ether (ETH) would soon become the world’s first deflationary currency and replace BTC’s store of value reputation.

Google Makes Doctor ? Finding Easy: The search engine giant Google has announced a new feature in search, allowing doctors to list which languages they can speak at their offices.


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