The IFSCA has created a committee, led by former RBI executive director G Padmanabhan, to promote Indian startups to move their headquarters to India's GIFT City and make it a global Fintech hub. It will analyze the regulations, taxes, laws, and other factors that are influencing domestic startups. Some of the committee members include Nikhil Kamath, Dipesh Shah, Anjali Bansal and Lalit Keshre.
Open FlipSenator Elizabeth Warren has expressed her worries about the possibility of "sham audits" being conducted on cryptocurrency firms. The Public Company Accounting Oversight Board (PCAOB), which is overseen and authorized by the US Securities and Exchange Commission (SEC), is funded by audited public firms. The Senate Banking Committee has been an advocate for greater regulation of the industry.
Open FlipThe total global wealth decreased by 10%, to $13.7 trillion. China has the most billionaires in the world, according to the 2023 M3M Hurun Global Rich List, with the United States and India following in second and third place, respectively. Together, China and the US make up 53% of the world's total billionaires, while India has 187 billionaires, a decrease of 28 from the previous year.
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