Policy Reversal
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Trump Reverses ‘DeFi Broker Rule’ Introduced Under Biden: All Details
In a major policy shift, President Trump has signed an executive order revoking the “DeFi Broker Rule,” a regulation introduced during the final months of former President Joe Biden’s term. Originally slated to take effect in 2026, the rule aimed to curb tax evasion by increasing oversight of cryptocurrency transactions.
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US SEC Unveils Task Force to Start Work on Crypto Regulations
The US SEC has created a task force to develop a regulatory framework for crypto assets. The task force will help lawmakers as they draft crypto-related legislation while coordinating with other federal bodies, such as the Commodity Futures Trading Commission, as well as state and foreign agencies.
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Starbucks Shift On Non-Paying Visitors Stirs Debate In US
Starbucks has stirred the coffee pot by reversing a policy that allowed anyone to use its bathrooms, with the US public warned they'll need to buy something or get out.
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RBI Keeps Key Lending Rate Unchanged, Says Inflation Moving Closer To Targets
The Reserve Bank of India (RBI) today kept its key lending rate unchanged at 6.5% for the seventh consecutive time.
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US Must Speak If Any Country "Infringes Religious Freedom": Senator
A US Senator has introduced a resolution in the Senate, urging the Biden administration to engage with India to "reverse" its policies that allegedly discriminate on the basis of religion and push for an end to violence against peaceful protesters
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Reddit Hackers Threaten to Leak 80GB of Data Stolen in Ransomware Attack Over API Changes: Report
Reddit hackers behind a breach of the company in February have threatened to leak 80GB of data stolen from the platform in February. The hacking group wants Reddit to pay a ransom of $4.5 million (roughly Rs. 37 crore) and reverse its controversial API policy changes aimed at third-party apps.
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China's Top Leaders Laud "Miracle" Of Zero-Covid Reversal: Report
China's top leaders today hailed the "miracle" of the country's zero-Covid reversal, calling the dramatic turn away from hardline virus curbs a "major decisive victory" and "completely correct", according to state media.
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Thailand Reverses Covid Vaccination Entry Rule For Visitors
Thailand has rescinded an entry policy announced at the weekend requiring visitors to show proof of a COVID-19 vaccination, its health minister said on Monday, citing sufficient immunisation levels in China and globally.
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China Struggles To Control "Zero-Covid" Narrative As Cases Surge
China's state media is struggling and censors are working overtime as Beijing gropes for a coherent narrative in the wake of the sudden reversal of its hallmark zero-Covid policy.
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China Megacity's New Work Rule For Covid Patients Marks Big U-Turn
People with Covid-19 symptoms in one of China's largest cities can now go to work "as normal", state media reported Monday, a dramatic reversal in a country where a single case could previously send thousands into lockdown.
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Beijing Returns To The New Normal After China Relaxes Zero-Covid Curbs
The Chinese capital showed tentative signs of a return to normal Thursday after a sudden reversal of a hardline pandemic policy that hammered the world's second-biggest economy and ignited rare protests.
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Rupee Rises 10 Paise To 82.52 A Dollar After RBI Says Inflation Fight Not Over Yet
Rupee Today: The rupee reversed from over one-month lows on Wednesday to gain against a resilient dollar.
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Timeline Of Key Changes To India's Reverse Repo Rate Since June 2001
RBI: The monetary policy committee raised the key lending rate or repo rate to 6.25%.
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Elon Musk Said to be Preparing to Eliminate Half of Twitter's Workforce to Drive Down Costs
Elon Musk is said to be planning on eliminating around half of Twitter's workforce, as part of efforts by the company's new owner to drive down costs. After completing the takeover deal last week, Musk is aiming to inform around 3,700 affected staffers on Friday, and intends to reverse the company's existing work-from-anywhere policy for the employ...
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Israel Vexed As Australia Reverses Recognition Of Jerusalem As 'Capital'
Australia said it would no longer recognise west Jerusalem as Israel's capital Tuesday, a policy reversal that prompted a curt rebuke from the Jewish state but was cheered by Palestinians.
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Trump Reverses ‘DeFi Broker Rule’ Introduced Under Biden: All Details
In a major policy shift, President Trump has signed an executive order revoking the “DeFi Broker Rule,” a regulation introduced during the final months of former President Joe Biden’s term. Originally slated to take effect in 2026, the rule aimed to curb tax evasion by increasing oversight of cryptocurrency transactions.
-
US SEC Unveils Task Force to Start Work on Crypto Regulations
The US SEC has created a task force to develop a regulatory framework for crypto assets. The task force will help lawmakers as they draft crypto-related legislation while coordinating with other federal bodies, such as the Commodity Futures Trading Commission, as well as state and foreign agencies.
-
Starbucks Shift On Non-Paying Visitors Stirs Debate In US
Starbucks has stirred the coffee pot by reversing a policy that allowed anyone to use its bathrooms, with the US public warned they'll need to buy something or get out.
-
RBI Keeps Key Lending Rate Unchanged, Says Inflation Moving Closer To Targets
The Reserve Bank of India (RBI) today kept its key lending rate unchanged at 6.5% for the seventh consecutive time.
-
US Must Speak If Any Country "Infringes Religious Freedom": Senator
A US Senator has introduced a resolution in the Senate, urging the Biden administration to engage with India to "reverse" its policies that allegedly discriminate on the basis of religion and push for an end to violence against peaceful protesters
-
Reddit Hackers Threaten to Leak 80GB of Data Stolen in Ransomware Attack Over API Changes: Report
Reddit hackers behind a breach of the company in February have threatened to leak 80GB of data stolen from the platform in February. The hacking group wants Reddit to pay a ransom of $4.5 million (roughly Rs. 37 crore) and reverse its controversial API policy changes aimed at third-party apps.
-
China's Top Leaders Laud "Miracle" Of Zero-Covid Reversal: Report
China's top leaders today hailed the "miracle" of the country's zero-Covid reversal, calling the dramatic turn away from hardline virus curbs a "major decisive victory" and "completely correct", according to state media.
-
Thailand Reverses Covid Vaccination Entry Rule For Visitors
Thailand has rescinded an entry policy announced at the weekend requiring visitors to show proof of a COVID-19 vaccination, its health minister said on Monday, citing sufficient immunisation levels in China and globally.
-
China Struggles To Control "Zero-Covid" Narrative As Cases Surge
China's state media is struggling and censors are working overtime as Beijing gropes for a coherent narrative in the wake of the sudden reversal of its hallmark zero-Covid policy.
-
China Megacity's New Work Rule For Covid Patients Marks Big U-Turn
People with Covid-19 symptoms in one of China's largest cities can now go to work "as normal", state media reported Monday, a dramatic reversal in a country where a single case could previously send thousands into lockdown.
-
Beijing Returns To The New Normal After China Relaxes Zero-Covid Curbs
The Chinese capital showed tentative signs of a return to normal Thursday after a sudden reversal of a hardline pandemic policy that hammered the world's second-biggest economy and ignited rare protests.
-
Rupee Rises 10 Paise To 82.52 A Dollar After RBI Says Inflation Fight Not Over Yet
Rupee Today: The rupee reversed from over one-month lows on Wednesday to gain against a resilient dollar.
-
Timeline Of Key Changes To India's Reverse Repo Rate Since June 2001
RBI: The monetary policy committee raised the key lending rate or repo rate to 6.25%.
-
Elon Musk Said to be Preparing to Eliminate Half of Twitter's Workforce to Drive Down Costs
Elon Musk is said to be planning on eliminating around half of Twitter's workforce, as part of efforts by the company's new owner to drive down costs. After completing the takeover deal last week, Musk is aiming to inform around 3,700 affected staffers on Friday, and intends to reverse the company's existing work-from-anywhere policy for the employ...
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Israel Vexed As Australia Reverses Recognition Of Jerusalem As 'Capital'
Australia said it would no longer recognise west Jerusalem as Israel's capital Tuesday, a policy reversal that prompted a curt rebuke from the Jewish state but was cheered by Palestinians.
