Day: June 7, 2021

Lawmakers should treat crypto like gold or real estate: Indian tech magnate

Indian technology mogul, Nandan Nilekani, has urged local lawmakers to allow citizens to speculate on crypto assets.

The co-founder and chair of Infosys, an Indian multinational information technology firm, has urged regulators to embrace digital assets and get a handle on accommodating the technology.

Speaking to the Financial Times, Nilekani warned that prohibitive regulations could result in significant missed opportunites for India, asserting that a more permissive approach would let the country to tap into the $1.7 trillion digital asset market and allow “crypto guys to put their wealth into India’s economy.

However, Nilekani is not bullish on an unfettered crypto market for India, asserting cryptocurrencies are too volatile and energy-intensive to use as a means of payment. Instead, he believes the Reserve Bank of India’s Unified Payments Interface infrastructure offers superior infrastructure for real-time payments.

Instead, the tech mogul advised allowing Indian’s to access crypto assets for speculation

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Business Finance Basics

A query about CDFIs’ roles after pure disasters prompted her to spotlight the profitable collaboration amongst various lenders, including CDFIs and credit score unions, in 2012 after Hurricane Sandy. The group decided an agreed upon set of principles of what credit decisions should appear to be in instances of disaster.

The Week in Business: A Ransom for Fuel – The New York Times

The Week in Business: A Ransom for Fuel.

Posted: Sun, 16 May 2021 11:00:04 GMT [source]

If you’re contemplating a credit card for financing a start-up business, be sure to understand the difference between personal and business cards. While you can use a personal bank card for business expenses, that can get messy in phrases of accounting and filing business taxes. When a financial institution needs collateral to safe a mortgage, but you don’t want to danger assets, you would possibly need to considercash circulate … Read More

Introduction To Business, Finance, And Economics

He ended with a hopeful message that via finding information we can shine mild on the practices in the industry, who’s affected by it, and what may be accomplished. Kurt Summers, Treasurer of the City of Chicago, kicked us off with private tales of the small business needs in the City of Chicago, in addition to nationwide. He shared about the native want for entry to capital, citing particularly the lower in traditional lending to small businesses, which has created an increase within the creation of the web lenders without regulation. Summers referred to as on more transparency for businesses and that in Chicago and Illinois they need CDFIs and different mission-driven lenders to thrive and be examples of leadership in lending to small businesses. The hot subject all through the Forum was listening to from the borrower’s perspective. Claire Kramer Mills, Assistant Vice President on the Federal Reserve Bank … Read More