Search Results for: bank

One of the surprising inclusions in the recommendations of the JPC on PDPB is related to the SWIFT network.  The recommendation 8 states “The Committee observe that data protection in the financial sector is a matter of genuine concern worldwide, … Continue reading →

India enacted ITA 2000 (Information Technology Act 2000) with effect from 17th October 2000 and amended it in 2008 with effect from 27th October 2009. The provisions of ITA 2000/8 included legal recognition for a binary expression which we refer … Continue reading →

The proposed “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” (Crypto Bill-2021) is expected to “Prohibit” private crypto currencies and also enable issue of a RBI controlled Crypto currency. Knowing the power of corruption, we need to wait … Continue reading →

One of the major wars that Mr Narendra Modi has been fighting is the war against corruption. The demonetization was one such effort which flushed out the enormous amount of fake currency that Pakistan had pumped in. However either due … Continue reading →

RBI has released the copy of the Working group report on Digital Lending for public comments. The report is available here Comments may be sent through email before December 31, 2021 to : digitallendingwg@rbi.org.in  The committee was chaired by Mr … Continue reading →

The Karnataka Bitcoin scam has done a great service to highlight to the Government of India the dangers of procrastination on an issue like “Crypto Currencies”. It has taught a lesson to the Government which was procrastinating on the decision … Continue reading →