Archive for June 9th, 2021

How the Civil War Shapes the Future of Stablecoins

June 9, 2021

Franklin Noll in this coindesk piece:

In 1861, civil war broke out in the United States. Over the next four years of conflict, the politics of the U.S. were remade and so were its monetary affairs. A new monetary system was born during the war years that exists with us today and is shaping our stablecoin future.

Financial repression is making a comeback

June 9, 2021

My new piece in Moneycontrol:

It is interesting how financial repression has made a comeback against all odds. While the financial repression policies are being conducted differently compared to their earlier avatars, the broad idea is the same 

Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market: Case of Franklin Templeton India

June 9, 2021

The sudden melting of FT India debt Mutual Funds was more than just a meltdown.

SEBI recently released a order implicating one of its directors for selling off his and family’s investments in the said mutual fund schemes:

The issue that arises for consideration in the present matter is whether the redemption of units in some schemes of a mutual fund by a director of the Asset Management Company of the Mutual Fund, and his immediate family, at a time when the said schemes were facing significant redemption pressure (the schemes were later wound up) and the director was allegedly in possession of material non – public information relating to the same, would fall within the scope of ‘fraudulent’ or ‘unfair trade practice’ as defined under the SEBI(Prohibition of Fraudulent and Unfair Trade Practices)Regulations, 2003.

Do we have similar such Mutual Funds cases earlier as well?

El Salvador is one step closer to making bitcoin legal tender..

June 9, 2021

EL Salvador’s President Nayib Bukele has sent a law to Congress proposing to make bitcoin legal tender. Currently, the country has adopted US Dollar as its currency. So if the law goes through, the country will have both currencies:


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