Russia has expelled a British diplomat, Gareth Samuel Davies, accusing him of spying and working for UK secret services. The UK's Charge d'Affaires was summoned, and a formal protest was lodged. Russia warned of retaliation if the UK escalates the situation.
Crypto assets should not be granted official currency or legal tender status, the much-awaited synthesis paper by the International Monetary Fund (IMF) and Financial Stability Board (FSB) has said ahead of the G20 leadership summit under India's presidency. However, the report has argued against a blanket ban on activities linked to crypto assets, explaining that such a move can be costly as well as technically demanding to enforce. Central banks should avoid holding crypto assets in their official reserve as they pose a risk to monetary and global financial stability, according to the synthesis paper.
Ukrainian forces conducted large-scale drone strikes on several air bases deep inside Russia, destroying multiple combat planes, Ukrainian Security Service (SBU) said on Sunday.
Widespread use of crypto assets, including stablecoins, can have a negative impact on the macroeconomic and financial stability of a country, the Reserve Bank of India (RBI) said on Monday. In its Financial Stability Report (FSR), the banking regulator highlighted that excessive use of crypto assets can reduce effectiveness of monetary policy, worsen fiscal risks, circumvent capital flow management measures, divert resources available for financing the real economy and threaten global financial stability.
The Financial Intelligence Unit-India (FIU-India), the national agency responsible for analysing suspicious financial transactions, has received requests from four more offshore crypto exchanges to operate in India again, said a senior government official familiar with the matter. In the beginning of 2024, India had banned nine crypto exchanges - Binance, Kucoin, Huobi, Kraken, Gate.io, Bitstamp, MEXC Global, Bittrex, and Bitfenix - for non-compliance with anti-laundering law in the country.
User protection and a proposal for a licensing framework for companies seeking to operate in the cryptocurrency area will be part of an upcoming consultation paper on the sector, said a senior industry executive. Even as specific regulations around crypto are yet to take shape, companies are setting up baseline user protection processes, including a redressal mechanism, fraud detection, regular filing of suspicious transaction reports (STRs), among others.
French police have arrested a Russian man suspected of planning to destabilize the Olympics.
'India's emergence as a top crypto market comes despite a regulatory and tax environment that can be challenging for the industry to navigate.'
The Islamic State of Iran and Syria has claimed responsibility for the massive attack on concert hall in the Russian capital, CNN reported.
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
The Russian Federal Security Service (FSB) on Monday said that its officers had detained a suicide bomber, a member of the Islamic State terrorist group, who was plotting a terrorist attack against one of India's leadership elite, Russia news agency Sputnik reported.
Putin's statement comes after Yevgeny Prigozhin, the alleged head of the Wagner mercenary group, in a series of recordings released on social media on Saturday, announced that his troops had taken control of military facilities in two Russian cities.
In an astonishing escalation of infighting, Russia accused Wagner mercenary chief Yevgeny Prigozhin of calling for an armed mutiny, reported ABC News.
There is a sharp annual growth of over 20 per cent in such businesses over the recent years.
Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.
Russian soldier Vadim Shishimarin, 21, was sentenced to life in prison by a Ukrainian court in Kyiv on Monday, May 23, 2022, for killing an unarmed civilian in the first war crimes trial arising from Russia's February 24 invasion.
The anticipated surgery and recovery are expected to incapacitate Putin for 'a short time', the report said.
The total value of assets held by India's financial institutions touched nearly $2.8 trillion, the third largest among BRICS nations, in 2013.
The Bill at best makes the existing public distribution system a legal right, an aspect that seems of little consequence to the lords of high finance, whose primary anxiety is the FSB-by-numbers.
The regulator said if the variable pay is up to 200 per cent of the fixed pay, at least 50 per cent of it should be in non-cash, and if the variable pay is above 200 per cent, 67 per cent of it should be paid via non-cash instruments.
A host of factors including the reform measures taken by the government and decline in global oil and commodity prices have led to lower inflation, the Finance Ministry said on Wednesday.
Russian investigators said they are close to identifying the attackers of Tu-154 plane of Sibir Airlines which crashed in Rostov region.
Russian President Vladimir Putin "probably approved" the murder of former KGB agent Alexander Litvinenko who died in a London hospital in November 2006 from radioactive poisoning, a British public inquiry concluded on Thursday.
'Under Doval, foreign powers traditionally suspicious of India were wooed.' 'Enemies were embraced.'
Pakistan and Afghanistan have become 'incubators' of terrorism, and pose a threat to Russia and all constituents of the Commonwealth of Independent States (CIS) of former Soviet republics, Russian security chief said on Tuesday. "These countries have become an 'incubator' of terrorism and extremism, which are spreading into the region, CIS countries and the whole world," Director of Federal Security Service (FSB) Alexander Bortnikov was quoted as saying.
The Reserve Bank of India's proposed guidelines on bank executives' compensation will be extended beyond just CEOs to all senior executives in private and foreign banks, especially those involved in treasury functions.
However, it is not clear whether the Moscow bombings have been carried out by anti-Russian Chechen rebels or by Chechen separatists linked to the Al Qaeda who receive their training in the borderlands of Afghanistan-Pakistan. Indian intelligence officials believe these groups are increasingly linked, pointing out that the suicide attacks could also be in retaliation against the Russian decision to allow US and NATO forces to send non-lethal equipment through Russia to Afghani
The Reserve Bank of India (RBI) will set up a "financial stability unit" for drawing upon inter-disciplinary expertise from across various departments for carrying out periodic stress testing and preparing financial stability reports.
At least 112 people were killed and 134 injured, most of them seriously, when a massive explosion and blaze caused by fireworks ripped through a packed nightclub in the Russian city of Perm in the Ural mountain region early on Saturday.
In one of the biggest bank failures in the United States in 2009, Florida-based BankUnited has been shut down by the authorities, pushing the total number of such collapses to 34 so far this year.
Russian authorities claimed to have solved the sensational killing of known Kremlin critic journalist Anna Politkovskaya, who was assassinated in the elevator of her apartment in October 2006.
Chechen rebels claimed responsibility for the coordinated attacks.
Putin signs anti-terror bill allowing shooting of aircraft
Forty persons were hurt when suspected Chechen rebels rammed an explosive-laden truck into the regional headquarters of Russia's Federal Security Services in Ingushetia.
Russia has lost its appeal against its ban from next month's Rio Paralympics because of a state-sponsored doping programme, the Court of Arbitration for Sport (CAS), sports highest tribunal, said on Tuesday. The decision to exclude Russia's entire Paralympics team, initially made on Aug. 7 by the International Paralympic Committee (IPC), means at least 250 Russian competitors are set to miss the Sept. 7-18 event.
Indian regulators have identified certain groups as 'financial conglomerates' and they are being monitored closely for any systemic risks they may pose.
They were allegedly attempting to illegally cross the Russian-Ukrainian border.
Acer, one of the world's top five branded PC vendors, on Wednesday announced the launch of its Acer Power 290 series PC for the SMB market, based on Intel's latest Pentium 4 processor technology.
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