Zomato may advance IPO
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Zomato, which was earlier expected to launch its initial public offer on July 19, may now do so five days sooner. Find out why the food delivery company is in a tearing hurry to go public.
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Synopsis
India’s leading cryptocurrency exchanges, including WazirX, CoinDCX and CoinSwitch Kuber, have partnered with IAMAI to set up an advisory board to implement a code of conduct for the crypto industry in India.
ETtech
The attempt is to bring India’s scattered and informal cryptocurrency and blockchain ecosystem under one standard authority. (Illustration: Rahul Awasthi/ETtech)
Mumbai: India’s nascent cryptocurrency industry will overhaul and standardise disclosure and compliance mechanisms in a bid to establish itself as a legitimate business in the eyes of legacy financial players.
The effort gathered pace after the Reserve Bank of India (RBI)
made it clear banks should not apply its April 2018 circular struck down by the Supreme Court in 2020 to penalise customers for dealing in cryptocurrencies.