Financial technology Current Affairs, GK & News
BharatPe, India’s largest merchant fintech company, has won the DigiDhan Mission Fintech Award 2018-2019 for ‘Innovation in Digital Payments through Emerging Technology’ at the MeitY Startup Summit 2019 held in Delhi. The award was presented by Chief Guest, Shri Ravi Shankar Prasad, Minister of Communication, Electronics & IT and Law & Justice.
Topics: Economy • Financial technology • Indian Hindus • Ministry of Communications and Information Technology • Ministry of Electronics and Information Technology • Ravi Shankar • Ravi Shankar Prasad • religion • Spirituality
The Steering Committee on fintech-related issues has recommended a new legal framework for consumer protection and has also suggested new cash flow-based financing options for micro, small and medium enterprises. What has happened? A new panel established to explore issues related to the financial technology (fintech) has submitted a report to the Finance Minister of ..
The Inter-Ministerial Committee (IMC) set up to look into the legality of cryptocurrencies and blockchain has recently submitted its report to the Finance Ministry and recommended that private cryptocurrencies be banned completely in India. It has also drafted a law, the ‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’, which mandates a ..
2nd oldest Cryptocurrency Exchange company in India, BuyUcoin has launched a new and unique platform for wholesale cryptocurrency trading. This wholesale platform works on ‘free trading model’ which means it charges zero free on any trade. The platform also known as OTC (Over-the-counter) Desk allows users to trade on a large scale with low price ..
To promote innovation in FinTech space, the Reserve Bank of India (RBI) has decided to set up a Regulatory Sandbox for Fintech Startups. The central bank will issue guidelines within two months for fintech companies to test their new products on a small group of users before scaling up. The sandbox will enable fintech companies ..