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Crypto bill to require KYC data sharing; Indian platforms join live commerce rush : Tech News

Crypto bill to require KYC data sharing; Indian platforms join live commerce rush India's cryptocurrency bill will require crypto exchanges to share know-your-customer (KYC) data of their users with various regulators and government agencies for scrutiny, sources told us. It will also call for a uniform KYC process for all crypto exchanges, which currently have
United Kingdom India General Pravin Rao Inderpreet Sawhney Elon Musk Arpan Sheth

Lohum funding: Battery tech firm Lohum raises $14 million in funding

Mumbai-based Singularity Growth, which counts CaratLane founder Mithun Sacheti among its backers, put in Rs 55 crore in this round of funding, with Vyoman India bringing in Rs 11 crore and Baring Private Equity contributing Rs 10 crore, filings with the Registrar of Companies (ROC) showed.
Uttar Pradesh Mithun Sacheti Rajat Verma Zephyr Peacock Ventureast Proactive Fund Programme In Fintech

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BankSathi emerges as India's third-largest credit card issuer, reinforces commitment to financial innovation

BankSathi, a fintech startup, has become the third-largest credit card issuer in India with 3.6 lakh Annual Recurring Revenue. The company has issued 3 lakh credit cards as of June 2023, a fourfold increase from the previous fiscal year. The credit card industry in India is expected to grow at a 25% compound annual growth rate and reach 20 crore credit cards by 2026. BankSathi has achieved this milestone by leveraging algorithms and data analytics to provide personalized recommendations and by o...
Manish Dabkara Varun Alagh Mamaearth Bhaswat Agarwal Classplus Mukul Rastogi Sunil Singhania Abakkus Ritesh Malik Innov

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