Framework Financial News

Investment firm Ark Invest and blockchain security firm Glassnode have revealed a conceptual framework for understanding the Bitcoin (BTC) economy amid the ongoing bear market. 

India assumed the presidency of the G20. India had already bolstered its international reputation with its vaccine diplomacy, by playing a constructive role in climate change discussions, and by being the fastest-growing economy. For its presidency, India adopted the ancient Sanskrit shloka «Vasudhaiva Kutumbakam,» signifying «One Earth, One Family, One Future,” as its theme. This emphasises sustainable, responsible choices for both individuals and governments, aiming for a just and equitable world.

Narendra Modi on Sunday called for a global framework on cryptocurrencies, and an ethical usage of artificial intelligence (AI). Addressing the B20 Summit India 2023, organised by CII here, the prime minister also called for observing 'International Consumer Care Day' once a year and switch over to 'green credit' from the current practice of carbon credit trading. Modi also said India has become the face of digital revolution in the era of Industry 4.0, and also holds an important place in building an efficient and trusted global supply chain. «There is a challenge associated with cryptocurrencies. In this matter maximum integrated approach is needed.

The new rulebook will apply to single-currency stablecoins (SCS) pegged to the Singapore Dollar or any G10 currency, that are issued in Singapore. Issuers of such SCS will have to fulfil key requirements relating to value stability - including information relating to their composition, valuation, custody and audit - new capital requirements and redemption and disclosure rules.The new rules have been designed to ensure an orderly wind-down of failing stablecoins schemes and full value returns to investors.Only stablecoin issuers that fulfil all requirements under the framework can apply to MAS for their stablecoins to be recognised and labelled as 'MAS-regulated stablecoins'.

leadership, a key recommendation was to develop a common regulatory framework for generative artificial intelligence (AI), said N Chandrasekaran, chairman, Tata Sons and chairperson of B20 India. Speaking at a press conference ahead of the three-day B20 India Summit, Chandrasekaran said, “Digital transformation by adopting AI at a scale is one of key objectives of this summit.

ARK Invest and Glassnode have released white papers describing a proposed framework for analyzing Bitcoin on-chain metrics. The new method is called Cointime Economics and introduces a new measure – the coinblock – to represent the state of the Bitcoin (BTC) network. 

Developers behind the Base and Optimism networks have jointly announced a revenue-sharing and governance-sharing agreement. Coinbase, the parent company of Base, has also published a list of “principles of neutrality” it will follow to prevent Base from becoming centralized. This announcement was made through three separate blog posts on Aug. 24; one from the jointly-controlled Optimism Collective, one from Base, and one from Coinbase.

National Curriculum Framework for school education, which promises to usher in greater curricular flexibility and choice for students. There will be a greater focus on Indian languages.

West Bengal, the constituents of the opposition bloc INDIA, including TMC and Congress, are optimistic about formulating a draft proposal in the upcoming Mumbai meet to collectively combat the BJP, despite existing political contradictions within the coalition in various states. The third gathering of the opposition alliance, the Indian National Developmental Inclusive Alliance (INDIA), is set to take place in Mumbai on August 31 and September 1. In the current scenario, three parties in West Bengal — TMC, CPI(M), and Congress — acknowledge that without a framework, any attempt at electoral adjustments would be challenging, accentuated by the contrast between TMC's inclination for a 1:1 contest against the BJP, and the contrary stance of the current Left-Congress alliance in the state. «We are hopeful that some framework to put up a united fight not just in West Bengal but also in states where there are contradictions would take shape in the Mumbai meet.

National Green Tribunal has directed the Union Ministry of Environment, Forest and Climate Change (MoEFCC) to «clarify and take immediate measures» to identify material generated from industrial processes or production residue as either waste or as a by-product. The tribunal was hearing a matter regarding the non-implementation of the 'Framework on Identification of Materials Generated from Industrial Processes as Wastes or By-Products' issued by the Central Pollution Control Board.

The Monetary Authority of Singapore (MAS), the city-state’s de-facto central bank, announced its revised regulatory framework for stablecoins, aimed to “ensure a high degree of value stability for stablecoins regulated in Singapore.”

The new rulebook will apply to single-currency stablecoins (SCS) pegged to the Singapore Dollar or any G10 currency, that are issued in Singapore. Issuers of such SCS will have to fulfil key requirements relating to value stability - including information relating to their composition, valuation, custody and audit - new capital requirements and redemption and disclosure rules.The new rules have been designed to ensure an orderly wind-down of failing stablecoins schemes and full value returns to investors.Only stablecoin issuers that fulfil all requirements under the framework can apply to MAS for their stablecoins to be recognised and labelled as 'MAS-regulated stablecoins'.

Singapore's central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state.

DPDP) Act passed by Parliament in the just-concluded monsoon session. The law arms individuals with greater control over their data while allowing companies to transfer users' data abroad for processing, except to nations and territories restricted by the Centre through notification.

benchmarks, including those for government bond valuation. The framework will cover the administration of all benchmarks related to foreign exchange, interest rates, money markets and government securities, the RBI said in its statement on developmental and regulatory policies.

France’s financial regulator Autorité des Marchés Financiers (AMF) has announced key amendments to its digital asset regulatory regime in light of the Market in Crypto Asset (MiCA) regulation.

The Sultanate of Oman is inching closer to launching its own virtual asset regulations, with its financial markets regulator seeking public comments on its proposed regulatory framework governing digital assets, such as cryptocurrencies.

As fractional ownership of real estate assets has gained popularity in India, the recent regulatory framework consultation paper for online fractional ownership platforms by the Security and Exchange Board of India (SEBI)is a proactive approach towards systematizing the industry. This move will build confidence, attract more capital from both domestic and offshore investors, and help institutionalize Fractional Ownership Platforms (FOPs).

Sebi) Tuesday proposed to tweak the account aggregator(AA) framework to curb misuse of financial information in frauds and mis-selling of products. «It is notable that though there are various safeguards in place and consistent communication advising caution, consumers sometimes adopt unsafe practices of sharing confidential information such as user IDs, passwords, OTPs, account numbers with third parties; authorising / empowering third parties to operate their accounts; or providing access to their financial information to third parties,» Sebi said in a discussion paper.

Arvind Kejriwal and his team should understand that this is also an elected government, he added The controversial bill aims to replace an ordinance that granted the Centre control over Delhi's bureaucrats, thereby overriding a Supreme Court ruling favoring the elected government's authority in transfers and appointments. The AAP, led by Delhi Chief Minister, and other opposition parties have vehemently opposed the ordinance Speaking about their reservations against it, AAP leader Raghav Chadha said, "This is an attack on the Supreme Court of India and this is an assault on India's federal structure, democracy and Constitution." "This will change democracy into 'babucracy' in Delhi.

Corporate Debt Market Development Fund (CDMDF) in Mumbai, Sebi has come out with the guidelines for the fund. The fund will act as a backstop facility for purchase of investment-grade corporate debt securities, to instil confidence among the participants in the corporate debt market during times of stress.