Digital gold providers in India are increasing book audits and physical vault checks to boost transparency, as the sector gains 80 million customers. This self-regulatory move follows SEBI's observation of the sector being 'unregulated'.
Delhi's power regulator DERC has approved BSES Rajdhani Power Limited's plan for five battery energy storage systems, benefiting over 2.5 lakh residents. The project aims to boost grid reliability and renewable energy integration, with projected annual benefits exceeding ₹88 crore.
Binance's potential rejection for a crypto license in Greece under MiCA has led to speculation about the European Central Bank's informal influence, despite national regulators holding licensing authority. The ECB's stance on stablecoins may be a factor.
The Bank of Russia has reduced its key interest rate by 25 basis points to 14.25% per annum. The decision comes as economic growth continues at a moderate pace, with underlying price growth edging down, though lending growth has accelerated. The regulator noted that a more accommodative fiscal policy may necessitate a higher key rate path in the future.
A Canadian Transportation Safety Board report found regulatory failures allowed OceanGate's unregistered Titan submersible to operate for years before its 2023 implosion. Multiple federal agencies lacked a unified oversight system, leading to critical information gaps.
England captain Ben Stokes may return for the third Test vs. New Zealand as optimism grows within the team. He faces an investigation for allegedly breaching team curfew and visiting a nightclub. Stokes has been included in Durham's squad for a County Championship match.
England captain Ben Stokes may return for the third Test against New Zealand as optimism grows within the team, pending an investigation into a nightclub incident. He's been included in Durham's squad for a County Championship match.
Ofcom is questioning Telegram's measures against illegal incitement after a man convicted of arson attacks linked to Keir Starmer was directed via the app by a Russia-linked handler. The handler, "El Money," offered cryptocurrency for the attacks.
Tokenised gold, a blockchain-based digital representation of physical gold, is emerging in India. While offering accessibility and 24/7 trading, it lacks regulation, faces high taxes (30% on gains as VDA), and requires investor trust in multiple entities. Experts suggest it as an experimental investment with limited portfolio exposure.
A top US trade official criticized unfair trade practices, implicitly targeting China, while also admitting the US government was "asleep at the wheel" for too long. William Kimmitt highlighted subsidies, dumping, and regulatory barriers, alongside US inaction leading to factory closures and production moving overseas.
Malta's financial regulator, the MFSA, has issued a discussion paper proposing a legal framework for DeFi and DAOs, inviting public feedback under the EU's MiCA regulation. The paper suggests recognizing DAOs as "software-based organizations" and addresses the complexities of decentralization claims in DeFi projects.
Celsius founder Alex Mashinsky has been permanently banned from trading markets regulated by the CFTC. This follows his 12-year prison sentence for securities and commodities fraud and a prior FTC ban from the crypto ecosystem.
Wealthsimple is launching a prediction markets app, Wealthsimple Predict, in Canada this summer. The app, powered by Kalshi, will offer access to thousands of event-based contracts after receiving regulatory approval from CIRO.
FERC is ordering US grid operators to revise rules for connecting large energy users like data centers, as demand strains power grids. The move aims to manage demand, expedite connections for AI race objectives, and ensure reliable, affordable power.
Apple is now permitting alternative app stores on iOS in Brazil, following an agreement with the CADE competition regulator. Developers will benefit from a lower 5% Core Technology Fee for in-app purchases on these third-party marketplaces, which require Apple approval and a 'Notarization' review process.
The England and Wales Cricket Board (ECB) is optimistic about Ben Stokes' quick return as captain, awaiting a report from the Cricket Regulator regarding a curfew breach. Stokes wants to play on and is named in Durham's squad, potentially complicating ECB decisions.
The Chicago Mercantile Exchange (CME) Group has filed a lawsuit against the US Commodity Futures Trading Commission (CFTC) and its chair, Michael Selig, over the agency's approvals of cryptocurrency perpetual futures. CME alleges the CFTC is misinterpreting Congressional directives and acting unilaterally.
A national passenger survey reveals less than half of Great Britain's rail commuters believe their train fare offers value for money. CrossCountry passengers reported the lowest satisfaction, particularly regarding delay management, despite overall journey numbers reaching a record high.
The Financial Conduct Authority (FCA) has closed its investigation into Drax over concerns about misleading statements regarding its wood pellet sourcing. After a 10-month review, the FCA found no evidence to justify further action, though Drax previously paid £25m to a redress scheme over reporting failures.
The Financial Conduct Authority (FCA) has closed its investigation into Drax over concerns about the sourcing of wood pellets for its biomass power station. The FCA found no evidence to justify further action after reviewing thousands of pages.
Qantas has again postponed its direct Sydney to London flights, now slated for October 2027. The delay is attributed to extended wait times for new Airbus A350-1000ULR aircraft, with the first delivery pushed to April 2027, impacting the previously announced 2027 launch.
A Michigan federal judge ruled that sports prediction market wagers are not swaps under the CFTC's jurisdiction, denying Polymarket's bid to block state regulators. The case is headed to the Sixth Circuit Court of Appeals.
Consumer advocacy groups in India are pushing back against the Telecom Regulatory Authority of India's (Trai) proposal to eliminate the advisory committee for complaint appeals, arguing it removes a vital consumer safeguard. Telecom operators support the move, citing inefficiency, while consumer groups propose modernization instead.
Kalshi partners with StarCompliance to launch a monitoring platform for financial firms to oversee employee activity on prediction markets, amid increasing regulatory scrutiny over insider trading.
