RBI's 2018 crypto circular no longer valid, it tells banks; Xiaomi's 8-minute hypercharge; and a chat with an Infosys cloud exec on trillion-dollar benefits
The Reserve Bank of India has told banks that they cannot refer to its April 2018 circular—struck down by the Supreme Court in 2020—to caution customers about trading in cryptocurrency. This comes at a time when Indian banks have been reportedly sending notices to customers, warning of penalties and account closures if it is being used for crypto transactions. Also in this programme, we talk to Narsimha Rao Mannepalli, an executive VP at Infosys, about the company's latest cloud findings
