Framework Financial News

Legislation championed by crypto advocates that sets clearer rules for the nascent industry was approved by a key US House panel on Wednesday. 

A key US House Committee on Wednesday passed a bipartisan bill to ensure regulatory clarity for cryptocurrencies.

The cryptocurrency industry has been abuzz with excitement after a recent court ruling declared that Ripple's XRP token is not considered a security when sold on digital asset exchanges. 

By Nia Williams

Trai issues recommendations on AI, says regulatory framework for development of responsible AI urgently needed, which is applicable across sectors.

The recent momentous decision by the Securities and Exchange Board of India (Sebi) to revise the Enhanced Surveillance Measure (ESM) framework, in partnership with NSE and BSE, signifies a progressive stride towards ensuring market liquidity and nurturing growth opportunities for micro-small companies.Unlocking Opportunities for InvestorsWith the revised ESM framework, investors are set to benefit from increased trading opportunities. Previously, stocks under ESM Stage-II were restricted to trading once a week, posing challenges for investors seeking continuous engagement.

Sahamati, a non-profit that promotes the account aggregator (AA) system, is working on a framework for fair use of AA consent. This is to ensure that financial information of users is used only for the stated purpose. The AA framework gives users control over their financial data and lets them share it in a machine-readable format with parties interested in providing services.

₹500 crore. As per SEBI, high-low price variation and close-to-close price variation are the parameters used to shortlist securities under this framework.

New Delhi: The NITI Aayog on Tuesday introduced the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, aiming to revolutionize technology assessment and fuel innovation and entrepreneurship in the country. The release of the TCRM Matrix framework under the NITI Working Paper series offers valuable insights and practical intelligence to stakeholders involved in the technology development cycle.  The Working Paper casts light on the historical evolution of technology assessment frameworks, including the Technology Readiness Level (TRL), Commercialization Readiness Level (CRL), and Market Readiness Level (MRL) scales.  “By building upon these frameworks‘ core principles, the TCRM Matrix framework presents an integrated assessment model that offers in-depth insights and actionable intelligence to stakeholders at every stage of the technology development cycle," the NITI Aayog said in a statement.

The NITI Aayog, on Tuesday, released the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, an assessment tool that will allow stakeholders to jointly assess projects at the technology readiness level (TRL), commercialization readiness level (CRL), and market readiness level (MRL) scales. The framework is expected to help the government prioritize funding, setting regulations, mitigate risks and enhance public-private partnership.

Nirmala Sitharaman on Tuesday said the issue of cryptocurrencies was discussed at a key G20 meeting here to make a comprehensive, cohesive and coordinated global policy and regulatory framework for these digital assets. She said members of Group of 20 or G20, an intergovernmental forum of the world's major developed and developing economies, reaffirmed their commitment to enhance international economic cooperation.

₹6,003.65 crore to develop expertise and capabilities in four main areas of quantum technologies—communications, computing, metrology and sensing, and materials. Over an eight-year term, the government aims to build up to 2,000 kilometers of quantum communications network and 1,000-qubit quantum computing power by enabling industry-academia partnership and facilitating startups to build quantum computing applications.

Rajeev Chandrasekhar has said that the ministry will approach the Goods and Services Tax (GST) Council about the new framework for online gaming only after the framework is actually in place. “After the nascent n evolving regulatory framework around the online gaming rules that define permissible online games develops — then we will communicate new framework to gst council amd rqst them to consider this new framework,” he tweeted on Tuesday, in his unique style.

The Financial Stability Board (FSB) has called for improved global digital asset regulation with the safety of user assets at the center of policies.

The events of the past year have highlighted the intrinsic volatility and structural vulnerabilities of crypto-assets and related players. The global standards body is concerned that if linkages to traditional finance were to grow further, spillovers from crypto-asset markets into the broader financial system could increase.Regulatory authorities across multiple jurisidtions have been recommended to apply nine key objectives, with the objective of establising a global regulatory baseline.The framework consists of two distinct sets of recommendations for the oversight of crypto-asset activities and markets and the supervision of global stablecoin arrangements.

The Financial Stability Board (FSB), an international organization that monitors the global financial system, has come up with a global regulatory framework for crypto. The guidelines, recommended to the 20 leading economies of the world (G-20) are crafted upon the principle of “same activity, same risk, same regulation.”

Elon Musk said on Wednesday he thinks China is interested in a cooperative international framework on artificial intelligence, from conversations he had when he visited China a few weeks ago.Musk made the remarks in a Twitter Space event with two U.S. congressmen, Democrat Ro Khanna and Republican Mike Gallagher.

NEW DELHI : The corporate affairs ministry will examine the need for a new regulatory regime for large startups that have grown beyond a certain size to ensure their governance systems become more robust without compromising on ease of doing business, a person familiar with the development said. A panel of experts advising the ministry—company law committee—will examine this shortly, the person said on the condition of anonymity. The move comes at a time many Indian startups have achieved scale, have become hugely valuable and have raised large amounts of private capital, but their management capability to handle the governance and compliance obligations in line with their size has raised concerns.

On July 7, the Bank for International Settlements (BIS), a financial institution owned by constituent central banks, published a framework for defending central bank digital currencies (CBDCs) against cybersecurity threats. The BIS wrote:

India is in the final stages of forming policies t... moreIndia is in the final stages of forming policies to kick-start the Indian carbon market.

crypto assets, stablecoins and DeFi (Decentralised Finance). «Under India's G20 presidency, one of the priorities is to create a framework for global regulation of unbacked crypto assets, stablecoins and DeFi, by considering both macroeconomic and regulatory perspectives to address the full range of risks posed by crypto assets, including risks specific to emerging markets and developed economies,» the RBI said in the latest edition of the Financial Stability Report. The turmoil in crypto markets throughout 2022, which led to the bankruptcy of the largest crypto trading platform, and the failure of two banks in March 2023 have highlighted the growing linkages between the traditional banking system and the crypto ecosystem. The central bank has said that while the market capitalisation of stablecoins is relatively small, nearly $130 billion, when compared to the traditional financial system, there is a possibility of continued interconnectedness, giving rise to financial stability risk concerns and negative spillover risks, which may be difficult to contain once the systemic exposure crosses a threshold.