In no particular order, here are MediaNama’s top 10 stories of the week ended 29th April 2018 MediaNama would like to thank its sponsors: E2E, for their support. Delhi HC issues notice to RBI and others on cryptocurrency order The Delhi High Court has admitted a petition by Ahmedabad based cryptocurrency exchange CoinRecoil which challenges the RBI’s order that barred all regulated entities like banks from dealing in virtual currencies. The high court has issued a notice to the central bank, the Ministry of Finance and GST Council on the matter. Read it here RBI updates KYC norms, makes linking Aadhaar with bank accounts mandatory The Reserve Bank of India (RBI) has made seeding of Aadhaar number in bank accounts mandatory as part of updated ‘Know Your Customer (KYC)’ guidelines, although the move will be “subject to the final judgment” on Aaadhar in the Supreme Court of India. The Supreme Court is currently hearing multiple petitions on the constitutional validity of the Aadhaar. Read it here New data leak allows targeting by religion, caste and locality and provides Aadhaar and bank details Security researcher Srinivas Kodali has reported the leak of data of individuals on a website that includes the Aadhaar number, bank – branch, IFSC code and account number, father’s name, address, gram panchayat, mobile number, ration card number, occupation, religion and caste information. Due to the sensitive nature of the leak, the name of the Andhra Pradesh government website is being withheld till the data can be secured. Read it…
