Tanvi Ratna Profile picture
CEO Policy 4.0 | Policy advisor | Follow for insight beyond headlines on #econ #blockchain #cryptocurrency #newIndia developments | Prev blockchain @EY
23 Apr
#BeyondHeadlines: There are not-so-obvious global reasons why the #OilMarketCrash is NOT good for #India.

Heavy #QE/ currency pressure + Intense #geopolitical tension

= #India, importer & friend to all oil producers, in the crosshairs.

Thread on these impacts of #OilPrice 👇 Image
US #oilprice crashed negative for the 1st time in history. West Texas Intermediate (a US crude) traded as low as -$40.32 a barrel. So far the bulk of the losses are in US crude, -200 to -1000%! Global (Brent) crude has not gone down as much because global storage still exists.
#COVID19 #lockdown has sharply cut all travel & thus demand for oil. Excess supply of oil resulted in a shortage of #storage space, esp in North America. As they & slowly the rest of the world run out of storage, the demand for future oil contracts (futures) goes down sharply
Read 11 tweets
22 Apr
4 lesser known truths about the big #Facebook #RelianceJio deal:

1. Facebook struggled with regulation for 3 years in trying to launch #WhatsApp Pay bcoz of privacy issues+blocking by high access of PayTM etc. So FB made a deal with the big daddy of Indian companies with access.
2. The recently launched NUE framework by the #RBI is possibly a big end game being targeted by the partnership. This framework allows for parallel payment infrastructure to UPI being set up countrywide. $5.7 bn is cheap for this scale of access & profit

m.rbi.org.in/scripts/bs_vie…
3. Privacy debate would kick up to the next level, now that whatsapp/facebook data + payment data + telecom data from Jio could be shared. Whatsapp has already cleared the data localization hurdle by setting up servers locally.
Read 4 tweets
9 Jun 19
🚨#India #Crypto #ban #regulation🚨THREAD:

Imp pts for every observer in India/abroad in short clips:

Part 1 - Analyzing Leaked docs

1. Pg cites fine or 1-10 yrs for SPECIFIC activities
2. No definitions! Draft clearly not ready for legislation (1/n)
Part 2 - Understand the policy process

1. Draft doesnt = ban, until it clears Finance Minister & Parliament vote.

2. Public consultation NOT mandatory. Ask for it.

3. WRITE (>tweet) to folks mentioned in the vid

#India #Crypto #ban #regulation (2/n)
Part 3: Understand the existing baseline in India

Esp intl folks @PeterMcCormack

- Instant payments/settlement already exist
- Free/mobile banking already exist
- Crypto must solve the right probs from a govts perspective

#India #Crypto #ban #regulation
Read 4 tweets