MTCX India

As cryptocurrency is gaining whooping popularity globally, the concerns regarding the Digital assets reliability is also surging high. Therefore, a number of official financial institutions have been making efforts to bring about a regulation in this volatile market system. According to recent developments, the Reserve Bank of India has suggested innovation labs,   data protection laws, and a dedicated organizational structure in order to introduce stronger regulations and a self-regulatory body to keep a check on the activities of FinTech companies. For the same, the RBI has arranged an internal Working Group to examine the issues related to FinTech and Digital Banking system in India. This group consists of members from major institutions such and SEBI, IRDAI, PFRD among others. The main aim is to bring about a stronghold in the unregulated market which makes up a significant amount of the economy, thereby, stabilizing the financial market system. With a unique...

On Wednesday morning, the Punjab National Bank detected some unauthorized transactions at one of its branches in Mumbai. The PNB immediately reported this activity to the Bombay Stock Exchange and declared the gigantic amount of Rs 11,400 crore under a scam. The Fraudster Nirav Modi, a renowned diamond jeweler, who is the founder and creative director of the Nirav Modi chain of diamond jewelry stores, was accused of the fraudulent allegations. The wise player used Letters of Undertaking by the banks to conduct these unauthorized activities and fled away from the country as soon as the case came to light. The Nirav Modi loot garnered umpteen attention and aggression among the people as to how can such a big scam take place under the nose of a National Bank. Rigorous investigations and Inquires were held to reach even get hold of the chain that helped Mr. Modi conduct these activities so smoothly for all these years. It was found that some of the bank's off...

The world of digitization has seismically affected Indian society. Politicians and other tech-savvy professionals have recognized the revolutionary technology of the blockchain and the benefits of this decentralized process that can be useful in the financial sector. Recently, at the World Congress on Information Technology (WCIT) 2018, the Indian Prime Minister, Shri Narendra Modi, stated “Disruptive technologies such as Blockchain and the IoT (Internet of Things), will have a profound impact in the way we live and work. They will require rapid adaptation in our workplaces.” Shri Narendra Modi is one of the very first Prime Ministers in India to initiate and encourage digitalization in the country. The Blockchain Technology will fasten the inclusive growth of India. Recently, the researchers revealed that India’s central bank has already beheld the blockchain technology for a number of financial processes in late 2017. Security and Exchange Board of India (SEBI) found...

Cryptocurrency has been the widest and the most popular terms in the recent years. Cryptocurrency aka digital  currency has been developed through the backbone of Blockchain technology provides safest transaction system because of the constant technological advancement of technology. This new age money has gained the attention of many techno enthusiasts. However, a number of crypto-holders are still unsure about cryptocurrencies because of its volatile nature.  Recently, Japan’s two primary cryptocurrency industry groups are integrating with a new self-regulatory entity. It will enforce self-imposed rules surrounding to protect the users assets. This regulatory body provides a high-end transparency that fosters the confidence of the public and the financial industry in the crypto space, thereby safeguarding a securing their transactions. The Cryptocurrency Exchanges have accepted the regulatory frameworks imposed by the government of Japan. Internationally, cryptoc...