india finance-and-banking 
JURIST
NOVEMBER 26, 2024
Abdellatif Jouahri, Governor of Morocco’s central bank, Bank Al-Maghrib, announced on Tuesday that a draft law regulating cryptocurrencies is undergoing adoption. In 2017, Morocco’s foreign exchange authority, the Office des Changes, banned cryptocurrency transactions, citing fraud risks, money laundering, and terrorism financing.
JURIST
JANUARY 21, 2022
The Central Bank of Russia published a consultation paper Thursday proposing a stricter ban on the use and mining of cryptocurrencies within its territory. The anonymity offered by crypto platforms enables their use in illegal activities such as money laundering, terrorist financing, extortion, bribery and the drug trade.
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JURIST
NOVEMBER 24, 2021
The bill seeks to prohibit all private cryptocurrencies in India, according to the list of businesses. The law attempts to create a framework that will make it easier for the Reserve Bank of India (RBI) to develop an official digital currency. It was opined that the curbs were excessive. percent of the total population.
JURIST
FEBRUARY 16, 2024
The India Supreme Court unanimously declared unconstitutional the electoral bonds scheme on Wednesday, which previously allowed for anonymous funding to political parties. The electoral bonds scheme was first instituted by India Prime Minister Narendra Modi’s Union government in 2018. crore and the Congress received Rs 952.29
Mondaq
SEPTEMBER 8, 2022
On 2 September 2022, the Reserve Bank of India (RBI) issued the ‘Guidelines on Digital Lending' (Guidelines) to banks and non-banking finance companies (NBFCs).
JURIST
JANUARY 3, 2023
The India Supreme Court Monday upheld the government’s 2016 banknote demonetisation scheme in a 4-1 verdict. Nagarathna argued that, since the proposal came from the government and not from the central bank, the decision was not per Section 26(2) of the RBI Act, 1934. Finance Minister Nirmala Sitharaman welcomed the decision.
JURIST
NOVEMBER 20, 2021
A working group constituted by the Reserve Bank of India Thursday released its report on digital lending through online platforms and mobile apps, recommending separate legislation to prevent illegal digital lending, a nodal agency for verification, and a self-regulatory organization for participants in the sector.
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