Digital Money

BlackRock plans to offer a tokenized fund through a partnership with Securitize, a digital-asset firm specializing in tokenization. The firm is set to become the latest Wall Street behemoth to experiment with putting money on blockchains. Securitize already is working with KKR, Hamilton Lane and others for tokenized funds.

The Enforcement Directorate has launched a money laundering probe against digital payments Paytm Payments Bank Ltd, sources told NDTV Wednesday afternoon.

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As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act (PMLA).

Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.

Canara Bank has launched an app to process eRupee payments between select customers and retailers. The launch of this app this week, makes Canara Bank the first mainstream Indian lender to have created a special platform to initiate CBDC payments as India marches forward with its eRupee trials.

The Andhra Pradesh CID has arrested five people for allegedly using the digital signatures of senior officials posted in the Chief Minister Office's (CMO) to forge Chief Minister Petitions (CMP) and relay them to various departments to earn money ill

The government on Thursday tabled the Digital Personal Data Protection Bill in Lok Sabha amid demands by opposition members that it be referred to a parliamentary panel for scrutiny. While moving the bill, IT Minister Ashwini Vaishnaw rejected suggestions that it was a money bill. He said it was a "normal bill".

Google Pay has introduced new UPI Lite services on its platform to make digital transactions a seamless experience. With UPL Lite, users will be able to perform quick digital payments with just one click, without the need to enter the UPI PIN that is used for Google Pay transactions. However, there are a few limitations in order to ensure the money...

Mastercard is gearing up to launch its ‘Multi-Token Network (MTN)’ in its beta version in the UK in the coming months. With the MTN, Mastercard is exploring if the unit of money in an individual’s bank account could be transformed into a digital saving on the blockchain. This could open more use cases of digital money, the company believes.

Asset manager Fidelity is reportedly expected to file with the US SEC for a spot bitcoin exchange-traded fund, joining other big money managers seeking to launch bitcoin ETFs. In the past two weeks, BlackRock, WisdomTree, Invesco, VanEck, and Bitwise have filed new applications with the SEC for spot bitcoin ETFs.

Certain banks working with FTX founder Sam Bankman-Fried's trading firm Alameda Research raised questions about the firm's wire activity as early as 2020, according to a report released by FTX on Monday. Some banks began rejecting wires to or from Alameda the same year that the cryptocurrency exchange scrambled to access the US banking system, the ...

Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.

A former employee of OpenSea, the world's largest marketplace for non-fungible tokens (NFTs), used inside knowledge of which assets would be featured on its homepage to make "free money," a prosecutor said on Monday as an insider trading trial wound to a close. The charges against Nathaniel Chastain, a former OpenSea product manager, were the first...

The Narcotics Control Bureau (NCB) has busted an international criminal gang that dealt in drugs using DarkNet and cryptocurrency with linkages in several countries as well as multiple states in India, sources said. The modus operandi of the drug traffickers included the use of the Darknet, cryptocurrency, digital media, UPIs, and fake KYC document...

BlackRock plans to offer a tokenized fund through a partnership with Securitize, a digital-asset firm specializing in tokenization. The firm is set to become the latest Wall Street behemoth to experiment with putting money on blockchains. Securitize already is working with KKR, Hamilton Lane and others for tokenized funds.

The Enforcement Directorate has launched a money laundering probe against digital payments Paytm Payments Bank Ltd, sources told NDTV Wednesday afternoon.

Amazon Great Republic Day Sale 2024 sale is currently live with multiple deals and discounts on a wide range of electronic items. If you're looking to spend the least amount of money on quality sound, then here are our best-handpicked deals on soundbars priced under Rs. 10,000

As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act (PMLA).

Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.

Canara Bank has launched an app to process eRupee payments between select customers and retailers. The launch of this app this week, makes Canara Bank the first mainstream Indian lender to have created a special platform to initiate CBDC payments as India marches forward with its eRupee trials.

The Andhra Pradesh CID has arrested five people for allegedly using the digital signatures of senior officials posted in the Chief Minister Office's (CMO) to forge Chief Minister Petitions (CMP) and relay them to various departments to earn money ill

The government on Thursday tabled the Digital Personal Data Protection Bill in Lok Sabha amid demands by opposition members that it be referred to a parliamentary panel for scrutiny. While moving the bill, IT Minister Ashwini Vaishnaw rejected suggestions that it was a money bill. He said it was a "normal bill".

Google Pay has introduced new UPI Lite services on its platform to make digital transactions a seamless experience. With UPL Lite, users will be able to perform quick digital payments with just one click, without the need to enter the UPI PIN that is used for Google Pay transactions. However, there are a few limitations in order to ensure the money...

Mastercard is gearing up to launch its ‘Multi-Token Network (MTN)’ in its beta version in the UK in the coming months. With the MTN, Mastercard is exploring if the unit of money in an individual’s bank account could be transformed into a digital saving on the blockchain. This could open more use cases of digital money, the company believes.

Asset manager Fidelity is reportedly expected to file with the US SEC for a spot bitcoin exchange-traded fund, joining other big money managers seeking to launch bitcoin ETFs. In the past two weeks, BlackRock, WisdomTree, Invesco, VanEck, and Bitwise have filed new applications with the SEC for spot bitcoin ETFs.

Certain banks working with FTX founder Sam Bankman-Fried's trading firm Alameda Research raised questions about the firm's wire activity as early as 2020, according to a report released by FTX on Monday. Some banks began rejecting wires to or from Alameda the same year that the cryptocurrency exchange scrambled to access the US banking system, the ...

Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.

A former employee of OpenSea, the world's largest marketplace for non-fungible tokens (NFTs), used inside knowledge of which assets would be featured on its homepage to make "free money," a prosecutor said on Monday as an insider trading trial wound to a close. The charges against Nathaniel Chastain, a former OpenSea product manager, were the first...

The Narcotics Control Bureau (NCB) has busted an international criminal gang that dealt in drugs using DarkNet and cryptocurrency with linkages in several countries as well as multiple states in India, sources said. The modus operandi of the drug traffickers included the use of the Darknet, cryptocurrency, digital media, UPIs, and fake KYC document...