India

Cryptocurrency

NYDFS Sets Customer Service Standards for Crypto Firms

By Editors | 31/05/2024

New NYDFS guidance sets expectations for crypto firms regarding customer service, complaints response and resolution, and reporting.

Trading & Investment

SEBI Revises Criteria for Listing Commodity Futures, Options

By Ajoy K Das | 31/05/2024

Exchanges will no longer have to delist commodity derivatives if annual turnover falls under INR 5 billion.

Supervision & Enforcement

RBI Imposes Restrictions on Two Edelweiss Group Firms

By Ajoy K Das | 31/05/2024

The Edelweiss companies were found to be acting in concert to “evergreen” stressed loans and circumvent regulations.

Conduct, Culture & Accountability

SEBI Launches Beta Version of Settlement Calculator

By Ajoy K Das | 31/05/2024

The settlement calculator will help to simplify the process of arriving at indicative amounts for settling probes by SEBI.

Payments & Settlements

India to Bring UPI to 20 Countries by 2029: RBI

By Ajoy K Das | 31/05/2024

India is exploring FPS and multilateral inter-linkages with countries in the EU and South Asia, the RBI said in its annual report.

Structural Regulation

SEBI Issues Guidelines on Investor Protection Fund for Commodities Segment

By Ajoy K Das | 30/05/2024

Stock exchanges with a commodity derivative segment must set up an Investor Protection Fund for claims against defaulting trading members.

Trading & Investment

SEBI Issues New Protocol for Commodity Trading Outages

By Ajoy K Das | 29/05/2024

In the event of a disruption, stock exchanges have to inform SEBI immediately and market participants within 15 minutes.

Market Data & Technology

SEBI Issues Rules on Sharing Real-time Price Data with Third Parties

By Ajoy K Das | 28/05/2024

Regulator aims to check misuse of real-time share price data by online platforms including gaming apps, fantasy games and virtual stock portfolio.

Stablecoins

Nomura Announces New Project to Launch Stablecoins

By Mark Johnston | 28/05/2024

Nomura Holdings has announced a partnership with GMO Internet Group and Laser Digital Holdings to launch JPY and USD stablecoins.