#india

Shaktikanta Das, concluding his term as RBI Governor, unveiled plans for integrating the digital rupee into India’s financial system. He highlighted the gradual adoption of CBDCs as a cornerstone of economic modernization.

Doordarshan, India's public broadcasting service, has introduced an agricultural show with AI-driven virtual hosts named Krish and Bhumi. Currently, they broadcast in Hindi, but plans are in place to add support for up to 50 languages.

WhatsApp is testing the Meta AI chatbot among its user base in India and some yet-to-be-revealed regions. Remarkably, more than 500 million of WhatsApp’s 2 billion users worldwide are in India.

Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI), has underscored the urgency of adopting instant settlement processes for the nation's regulated markets to keep pace with the fast-evolving cryptocurrency sector.

Leaders within India's crypto community have largely welcomed the country's decision to block websites of international crypto exchanges, including Binance, Huobi, and KuCoin. Nischal Shetty, the CEO of Indian exchange WazirX, has labeled this step as a move “towards greater regulatory clarity and control”.

Official web portals from various jurisdictions, including India, Nigeria, Egypt, Colombia, Brazil, and Vietnam, are funneling users to a bogus MetaMask website. Visitors receive a phishing warning from Microsoft Defender the moment they access the site. Ignoring this alert and connecting one's MetaMask could result in catastrophic loss of funds.The fraudulent website is depicted beside the authentic one in a screenshot.

American AI company Groq partnered with Saudi oil producer Aramco to build an AI data center. This facility is anticipated to be a crucial technological hub for companies across the Middle East, Africa, and India.

As India enters a six-week electoral period, misinformation is on the rise. According to Pratik Sinha, co-founder of the Indian fact-checking website Alt News, this misinformation is particularly aimed at dividing society and often targets specific communities on social media.

Amazon has decided to phase out its AI-powered cashierless 'Just Walk Out' system in its grocery stores. It turns out that, despite the use of automation technologies like cameras and sensors, the system still required the efforts of thousands of employees in India who were tasked with real-time product labeling verification.

American spot Bitcoin ETFs are set to become accessible to Indian users through the Mudrex cryptocurrency investment platform, backed by the venture capital fund Y Combinator. Initially, only the four most popular ETFs from BlackRock, Fidelity, Franklin Templeton, and Vanguard will be offered for sale.

The Indian government has raised an alarm over the proliferation of AI-generated fake content on social media and other digital platforms, particularly concerning its impact on the country's massive online user base of over 600 million people. Officials are wary of the unpredictable public response to such misinformation.

For undisclosed reasons, Worldcoin has suspended the use of its eye scanner, Orb, for biometric verification in Brazil, India, and France. According to company representatives, this decision was made to comply with regulatory requirements in these countries.

India's Minister of Finance, Nirmala Sitharaman, has verified ongoing discussions within the G20 about establishing an international framework for cryptocurrencies. She views digital assets as both a challenge and an opportunity. "In an interconnected world, financial technology transcends borders, therefore making cross-border partnerships absolutely crucial,” Sitharaman said. Previously, India's Prime Minister had also emphasized the need to embrace technological advancements and develop comprehensive global regulations.

Narendra Modi speaks in favor of an integrated approach to new technologies. As tech progress accelerates, he advises the global community to establish wide-reaching rules and a collective strategy. "At the same time, the rules, regulations, and framework around it should not belong to one country or a group of countries. So not only crypto, but all emerging technologies need a global framework and regulations," highlighted India's Premier.

Japan's Soramitsu is at the forefront of crafting a system that enables cross-border transactions specifically tailored to the Asian market. This initiative involves leveraging the Cambodian CBDC to cater to markets in India, China, and Japan. Additionally, Soramitsu aspires to establish a Japanese exchange for stablecoins, simplifying currency conversion across various countries.