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Stolen cryptocurrencies in 2018 surged to around $1.7 billion in 2018: Report
•$950 million constituted thefts from cryptocurrency exchanges, infrastructure services like wallets.
Digital wallets may become invalid by end-February due to non-compliance with RBI's KYC norms
Fp Staff •Since there is no option of e-KYC for digital wallets and the RBI has not said anything clearly about the alternate KYC mechanisms, the firms are now in limbo
RBI imposes Rs 1-cr fine on Bank of Maharashtra for non-compliance of KYC, fraud-classification norms
•This penalty has been imposed taking into account the failure of the bank to adhere to directions issued by the RBI, the central bank said in a statement.
KYC compliance: Govt to allow directors to submit details with reduced fee for 15 days
•Nearly 21 lakh directors failed to submit the requisite KYC details when the deadline set by the Corporate Affairs Ministry ended on 15 September.
Supreme Court issues notice to Centre and WhatsApp challenging payments service
Ians •The plea said that Facebook and Google have appointed Grievance Officers, while WhatsApp has not.
Reserve Bank of India orders Paytm Payments Bank to stop onboarding customers: Report
Fp Staff •Paytm was reportedly asked to remove Renu Satti as the chief executive of its payments bank, with the RBI raising objections about her ability to lead a banking services firm.
Blockchain can improve India's trade finance system but must address certain challenges: Report
Ians •Banks in India should start conducting proof of concept with blockchain technology to get a deeper understanding of its likely implication in trade and finance.
Now you can link Aadhaar with your PF account via UMANG app using biometric details; read how
•Moving towards Digital India, EPFO has also launched e-nomination facility. This facility is available at Member Interface of EPFO Unified Portal.
WhatsApp Payments: Messaging app may turn heat on mobile wallet players, but game has shifted to value-added deals
Narayanan Madhavan •What Facebook-controlled WhatsApp can do, however, is to possibly look deeper into your behaviour than other mobile wallet players like MobiKwik, PayTm etc
Union Home Minister asks for expedite examination of measures to curb financial frauds through cybercrime
Ians •Rajnath Singh was told about measures taken by the Jharkhand Police to crack down on perpetrators of phone frauds, which had resulted in considerable fall in such crime.