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Sebi, RBI plan to bring digital gold under regulatory ambit

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Sebi, RBI plan to bring digital gold under regulatory ambit

The Ministry of Finance, the Securities and Exchange Commission of India (Sebi), and the Reserve Bank of India (RBI) are working to put digital gold and crypto assets under some regulation, as concerns about the unrestricted growth of such investments are not applicable to regulated Investor protection of securities. The government plans to address issues such as transparency, heinous statements, and lofty promises that some companies make to attract investors in unregulated assets.

Two officials who requested anonymity said that as part of the plan, the government may amend the Seby Act and the Securities Contract Supervision Act to classify digital gold as securities. On Saturday, Indian Prime Minister Narendra Modi (Narendra Modi) chaired a meeting with regulators to discuss and determine the long-term strategy for crypto assets. Previously, the Standing Committee on Finance held a meeting with stakeholders on Monday to determine their views on “opportunities and challenges related to crypto finance.”

Mint has reviewed a copy of the notice issued by the Standing Committee to engage in dialogue with the association and industry experts on cryptocurrency. Email inquiries about digital gold regulation sent to Sebi and the Ministry of Finance were not immediately answered. The proposal to regulate assets came after Sebi banned registered brokers and investment advisers from providing digital gold and other unregulated investment products in September and October. Regulators say that providing such products violates the Seby Act and may result in fines and, in some cases, cancellation of licenses.

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Some financial technology companies that sell digital gold have to stop such sales, even if other companies spin off digital gold products to unregulated parent companies. Some companies offer digital gold as an investment product to attract customers who are unwilling to invest in stock-related products. The ban opens up opportunities for arbitrage, where regulated entities and unregulated companies of the Reserve Bank of India can provide digital gold without any penalties.

“Obviously there is regulatory arbitrage. We have never sold digital gold because we think it is not a good product, not for any other reason,” said Nithin Kamath, CEO and founder of the financial services platform Zerodha.

News Source : Hindustan Times

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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