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NYT: Trump admin set to extend Huawei license again

Sponsored Links People visit the stand of Chinese telecom giant Huawei during the Web Summit in Lisbon on November 6, 2019. PATRICIA DE MELO MOREIRA via Getty Images In May, the US Commerce Department added Huawei to the “Entity List,” banning US companies from doing business with it unless they have a special license. Since …

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Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial

</header> <strong>The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what the bank unions call “cold-blooded murder of six banks.”</strong> Also read: Indian Finance …

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Indian Finance Minister Answers Crypto Questions at IMF Meeting

<header class=”article__header”> </header> <strong>At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference.</strong> Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed Finance Minister Talks …

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Indian Supreme Court Postpones Crypto Case to November

<header class=”article__header”> </header> <strong>The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case today.</strong> Also read: RBI Ban …

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Bank Raided, Arrests Made but RBI Still Restricts Withdrawals

<header class=”article__header”> </header> <strong>The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India.</strong> Also read: …

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RBI Ban Stops Indian Police From Cashing Out Seized Crypto

<header class=”article__header”> </header> <strong>The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban.</strong> Also read: India’s Popular ‘Who …

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Zimbabwe Bans Popular Mobile Money Services From Paying out Fiat Cash

</header> <strong>Zimbabwe is once again showing the need to take away from politicians the power to control normal people’s money. The government there is now trying to cope with the results of mismanaging the economy by preventing citizens from using their fiat currency as they see fit.</strong> Also Read: Bittrex, Coinbase and Kraken Set up …

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New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals

<header class=”article__header”> </header> <strong>Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being unable to withdraw …

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Protests Led RBI to Raise Bank’s Withdrawal Limit

<header class=”article__header”> </header> <strong>The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order.</strong> Also read: Panic at 137 Bank …

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Chinese retailers abruptly stop selling Juul e-cigarettes

Sponsored Links ASSOCIATED PRESS It appears Juul’s fortunes are about to get even worse. Bloomberg reports retailers in China have pulled the company’s products just one week after they became available within the country. Citing a “person familiar with the matter,” the publication says Juul wasn’t told why its e-cigarettes and nicotine pods were removed …

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