India’s Banks Urged to Embrace AI for Enhanced Consumer Protection In a rapidly digitalizing world, the banking sector is continuously evolving to meet the changing needs and expectations of consumers. In India, where the banking industry received over 10 million complaints last year alone, there is a growing call for the adoption of Artificial Intelligence […]
SEC’s decision to revoke SAB 121 marks a win for crypto
SEC’s Decision to Revoke SAB 121 Marks a Win for Crypto The recent decision by the Securities and Exchange Commission (SEC) to revoke Staff Accounting Bulletin No. 121 (SAB 121) has sent shockwaves through the financial and cryptocurrency industries. This move is being hailed as a major win for the crypto sector, with advocates and […]
Reserve Bank of India Cautions on CBDC Implementation Risks
The Reserve Bank of India (RBI) is taking a cautious approach towards its central bank digital currency (CBDC), the e-rupee, highlighting the need for a thorough understanding of the potential long-term effects before wider adoption. Launched in December 2022, the e-rupee’s adoption has been modest, with only 1 million retail transactions recorded by mid-2024. This […]