Discover and read the best of Twitter Threads about #regulators

Most recents (9)

Failing to do so is punished by #regulators and often results in seven-figure fines.

Cool-off Periods
Another innovative twist that protects the modern-day online gambler is the cool-off period that will suspend you from play for a specific period of time. #SlotXO… The cool-off can be a small delay between spins on an online slot, for example, or it can be a self-exclusion lasting а day, months, or even years. It’s a potent way of limiting harmful gambling practices and is certainly useful in enforcing a safer… online gambling environment. Online businesses have had it somewhat easy for a fair while now, successfully leveraging the ability to save up on retail costs and offer players flexible betting limits.
Read 7 tweets
New IMF Document Released Jan 26, 2022.

Blockchain Consensus Mechanisms - A primer for global IMF supervisors.
Differences between PoW, PoS, DPoS, & fBFT ($XRP $XLM)

#XRP #XLM Mentioned! #regulated #research #blockchain #DLT #XRPCommunity
--Thread of important quotes--
1. This is a very important document as the IMF represents a consortium of 190 countries and pushing for carbon-neutral countries by 2030.

They are sharing their views in which supervisors around the world will read and use this information to help form their opinion.
2. If you want a video overview I took 4 hours to edit and record this full document overview.

Timestamps and info are in the thread / Video description to make things easier as well!

#XRP #XLM #Cryptocurrency #XRPCommunity #XRPARMY

Read 26 tweets
🔴 LIVE: @rachelsibande joins @CLEARAA1's Talitha Hlaka, @The_DSD's Dez Jason, and @giz_gmbh #FAIRForward's Mark Irura as they discuss #ResponsibleDataUse for #DataGovernance and #MEL in times of unprecedented volumes of #DigitalData and new #DataLaws 👉
Dez Jason kicks things off by sharing @MERLTech's #ResponsibleData in #MonitoringAndEvaluation (#RDiME) #ME and #data life cycles, at every stage of which responsible #DataGovernance is considered key:…
Mark Irura notes the importance of using #data to improve governance but he emphasizes that communities need to know how their data is being used so they can protect their #privacy.

However, choosing not to share your data should NOT prevent you from participating in government!
Read 20 tweets
@IndiatechO is releasing a two series White-paper on #Crypto, the first paper talks about the opportunities offered by #Crypto and #blockchain to the world. With rapidly growing potential, #India needs to regulate the sector. Link to the #IndiaTechDecoder:…
India has a great opportunity to capitalise on the huge potential that the industry holds. The second paper offers solutions and suggestions that @IndiatechO has proposed as a 5-point framework on how the Indian #government can best regulate #Crypto while encouraging innovation.
According to the #IndiaTechDecoder opportunities from #Crypto adoption is far more than simply attracting #FDI, with benefits including enhancing the country’s technological skillset, thereby broadening #employment opportunities.
Read 5 tweets
One of the largest #loans #restructuring exercises in Indian banking history will kick off in Sept 2020 till March 2021
Let’s see how Modern banking system actually works
#Banking is all about lending activities, if they practise good lending via various advances methods
as approved by the #Regulators they are good businesses or else they can go bust
modern banking system is based on the fractional reserve system
What does fractional reserve means
1) People deposit their savings in the bank in the hopes of earning #interest rates
2) The bank turns around and lends out the vast majority of that deposited money or the bank invests it in other financial instruments (sometimes sound, more often reckless or even toxic) in an effort to make a profit
In other words, banks keep only a small fraction of depositors
Read 17 tweets
We are #pleased to #conclude our marathon of 4 consecutive #IMF #TechnicalAssistance #missions with productive outcomes for #IslamicFinance, despite the very challenging constraints and limitations.
The first six months of the year under #COVID19, a #NewNormal", have been fantastic intellectually and fulfilling.
The support of colleagues from the #IMF and Central Bank of #Djibouti; Central Bank of #Yemen; Central Bank of #Iraq, and Central Bank of #Libya have been excellent for #Islamicfinance IMF missions through #Cisco #webmex.

Now it is time to have a little break!!
Read 5 tweets
Short thread on the real problems with power procurement in India, aka BIDDING DOESN'T SOLVE THE PROBLEM

New PPA after 5 years: Madhya Pradesh approves pact with Adani Power… via @FinancialXpress
India doesn't bid for power, it bids for power plants.

You may get the cheapest coal plant, but not the cheapest power. RTC (“round the clock”) bids indicate trends but are also misleading. India needs Time of Day WHOLESALE pricing to improve generation portfolio signaling.
Far more worrying is whether such a long term PPA is needed, given power purchase agreements (PPAs) by the state (MP) exceed visible needs. Problem is a legacy mindset, including financing (who funds without a PPA? – same for #RenewableEnergy). Fuel is also linked to PPAs.
Read 8 tweets
Not to root for state or CB intervention, with #coronavirus, its inevitability must be faced. So how to make it the least damaging and not allow it to become entrenched in the system and lead to another decade of distortion & waste like post-#GFC? 1/x
Problem is to try to avoid the failure of otw viable firms because of disruptions due to the global health emergency - & also to spare their employees from ruin. Flooding money into financial markets is NOT the answer, #JayPowell! Blind fiscal expansion, neither, #DonaldTrump 2/x
Here's the kernel of an idea. Finmarkets are desperate for 'safe assets'. nominal yields are trifling; real ones negative. S-o-o, launch a special series of #Treasury bonds to sate the market's hunger & halt the potentially disastrous collapse in yields. 3/x
Read 11 tweets
The Financial Stability Board (FSB) published a #Crypto-assets #regulators directory.
5 April 2019
The purpose: provide info on the relevant regulators&authorities in FSB #jurisdictions & international bodies dealing with crypto-asset issues, and the aspects they cover.

👉 Crypto-assets do not pose a material risk to global financial stability for now.
👉Vigilant monitoring is needed in light of the speed of market developments.
👉Broader policy issues:
1.#Consumer & #investor protection
2.Strong #market integrity #protocols
3. #AML & financing of terrorism (AML/CFT): #regulation, #supervision, implementation of international sanctions
4.#Tax evasion
5.Illegal #securities offerings #ICO
Read 6 tweets

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