Published : Aug 26, 2022 16:45 IST The Enforcement Directorate, still preoccupied with unearthing corruption and money laundering among opposition politicians, has decided to turn its attention to those involved in the crypto business in the country as well. Entities engaged in predatory lending deposited funds in the rupee wallets of Yellow Tune, which were then converted into cryptocurrency tokens …
The Delhi High Court today directed the Reserve Bank of India to come out with a clear stand for regulation of online lending platforms that are allegedly charging exorbitant interest rates from borrowers. It was alleged that online lending platforms are virtually an extortion racket, charging exorbitant rate of interest from gullible persons. He also cited a circular dated 24 …
