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A firm issuing stablecoins in the U.S. would have an array of new duties to head off criminals and keep government watchdogs informed about malicious actors, according to rules poised for proposal by the U.S. Department of the Treasury that were reviewed by CoinDesk. A joint proposal from the Treasury’s Financial Crimes Enforcement Network (FinCEN)…
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The rupee appreciated 52 paise to close at 92.54 against the US dollar on Wednesday after US President Donald Trump announced a two-week suspension of military strikes against Iran and the Reserve Bank kept policy rates unchanged, PTI reported.Forex traders said investor sentiment improved following Governor Sanjay Malhotra’s assurance that recent forex measures do not…
Himanta Biswa Sarma, Atul Bora (left); Gaurav Gogoi, Lurin Jyoti Gogoi, Akhil Gogoi (Right) NEW DELHI: As the people of the “tea state” prepare to elect a new government on April 9, “Asomiya jatiyotabad” (Assamese nationalism) remains a core issue for Assam. For decades, the state has wrestled with anxieties over protecting its cultural and…
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RBI’s message is clear: the initial supply shock can potentially transform into a demand shock. (AI image) The US-Iran war has caused major disruptions for global markets and economies, and India as the world’s fifth largest economy is not immune to the shock. Heavily dependent on imports to meet its crude needs, a rise in…
