PM Modi wants fintech to earn ‘trust’: Reports quote Prime Minister Narendra Modi speaking at the Global Fintech fest, where he said that fintech was all about being “inventive” and spotlighted his government’s support to the sector, albeit without going into anything specific about how “security, safety, and reliability” are to be improved. [Read more] Pressure group for capping gambling entry fees: Swadeshi Jagran Manch, an influential ‘nationalist’ association, is batting for a cap of ticket price for entering real money gaming online. This is supposedly to bring down harms such as addiction, suicide, and indebtedness, and comes amid calls for regulation of the space. [Read more] Lending apps must show links to banks or NBFC: Google has updated its policies on Play Store, requiring lending and credit aggregating apps to clearly display their link to a bank or NBFC. This comes after MeitY and Google officials met amid reports of Google facing ‘pressure’ to take down lending apps with unscrupulous practices. [Read more] GST on crypto upcoming: LiveMint reported that the Finance Ministry is working towards bringing cryptocurrencies under an indirect tax regime by defining their characteristics, use, and legal status. Sources said that it is being decided whether crypto is a good or service, and the tax can be “between” 18 and 28 per cent. [Read more] Brazil to test voting machine integrity with biometrics: Brazil’s electoral chief has said that voting machines undergoing an “integrity test” ahead of general elections will be activated using users’ biometric data.…
