finance minister

Modi’s advisor estimates $46.5 billion of India’s bad loans will be “irretrievably lost”

4 months ago admin2 Comments Off on Modi’s advisor estimates $46.5 billion of India’s bad loans will be “irretrievably lost”
Indian banks have written off Rs6 lakh crore (over $93 billion) in bad loans in the last three years, and unearthed over $1.8 billion of fraud in the last three weeks. And if you thought it couldn’t get worse, here’s more. Nearly 30% of all bad loans in India may not be recovered—ever. “By my Read More

Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges

5 months ago admin2 Comments Off on Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges
Regulation The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Some Exchanges Will be Legalized Alexei Moiseev. The Russian Deputy Finance Minister Alexei Moiseev Read More

Russia Unveils Details of Cryptocurrency Bill Expected in February

7 months ago admin2 Comments Off on Russia Unveils Details of Cryptocurrency Bill Expected in February
Regulation Russia’s Deputy Finance Minister announced that the cryptocurrency bill is expected to be ready by February 1. He then unveiled some details of the bill, including taxation and registration of crypto miners, trading restrictions for bitcoin, and initial coin offering (ICOs) regulations. Also read: Bitcoin-Based Ethereum Rival RSK Set to Launch Next Month Crypto Bill Read More