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  The concept of digital cash using cryptography has been around for a while, with ideas dating back to the 1980s. However, the birth of cryptocurrency as we know it today is generally attributed to the creation of Bitcoin in 2009. Bitcoin's Birth (2008-2009):  Satoshi Nakamoto, a pseudonymous figure, published a whitepaper outlining Bitcoin in 2008. The following year, Bitcoin software was released, and the first block was mined, marking the launch of the first cryptocurrency. While Bitcoin is the most well-known, many other cryptocurrencies cryptocurrencies have been created since then, along with the underlying technology, blockchain. The origins of blockchain can be traced back to the early 1990s, though the technology gained significant recognition with the launch of Bitcoin in 2009. Here's a look at its development and real-world applications: Evolution and Real-World Uses: While the initial concepts existed, it wasn't until 2008 that Satoshi Nakamoto, the pseudonymo

  Capital Adequacy Requirements Different categories of AIF have different Capital Requirements: 1. Category 1 RTA shall have a minimum Net Worth of INR 50 Lakhs; 2. Category 2 RTA shall have a minimum Net Worth of INR 25 Lakhs; Here 'Net Worth' means: 1. In case, if the applicant is a firm or association of persons or any body of individuals, the total value of capital contributed to such business by the applicants, and free reserves of any kind to their business denote net worth. 2. In the case of a corporate body, the value of free reserves and paid capital mentioned in the account books of the applicant at the time of submission of application as per sub-regulation (1) of regulation 3 counts as the total net worth.   Restriction for RTA Registrar to an Issue not to act as such for an associate.─ Registrar to an issue shall not be associated with body corporate for acting as registrar for any issue of securities of such body corporate. A person or body corporate will be deem

  The SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) also apply to AIFs in the IFSC. AIFs in IFSCs, on the other hand, have been granted specific dispensations to provide them with greater operational freedom while preserving tax efficiency. SEBI, India's capital markets regulator, which oversees AIF structures, has established special rules and restrictions for AIF formation in GIFT City. The Foreign Exchange Management (IFSC) Regulations, 2015, and the SEBI (IFSC) Guidelines, 2015, read with the Operating Guidelines, are the primary sources of regulation for AIFs in an IFSC. A fund must get registration from the IFSC Authority in order to operate as an AIF (as set up under the IFSC Authority Act, 2019). The Securities and Exchange Board of India ("SEBI") published Operating Guidelines for Alternative Investment Funds in International Financial Services Centres on November 26, 2018 ("Operating Guidelines"), which stipulate the followi

  Gujarat International Fin-Tec City (GIFT City) is being built as a worldwide financial and IT services hub, similar to globally benchmarked financial centres. It features an International Finance Services Centre ("IFSC")-designated Special Economic Zone. The IFSC was established to handle financial services transactions now carried out outside of India by foreign financial institutions and Indian financial institutions' overseas branches and subsidiaries.   The regulatory framework controlling funds in the IFSC has undergone significant regulatory modifications as part of the broader regulatory effort to support the expansion of financial services intermediaries in the IFSC. As a result, the IFSC is quickly establishing itself as a viable alternative to well-known fund jurisdictions like Singapore and Mauritius.     1. What is an International Financial Services Company (IFSC)? Under the Special Economic Zones Act of 2005, the Central Government established a framework

  The Karnataka State Pollution Control Board shall grant the Pollution Control No Objection Certificate (NOC) the industries which are permissible in the mixed land use areas or zones as per by-laws of the Master Plan notified by Uttrakhand governing authority or the draft master plan.  Any industry or enterprise established in the designated or approved area(s). कर्नाटक राज्य प्रदूषण नियंत्रण बोर्ड अधिसूचित मास्टर प्लान या ड्राफ्ट मास्टर प्लान के उपनियमों के अनुसार मिश्रित भू उपयोग क्षेत्रों या क्षेत्रों में अनुमत उद्योगों को प्रदूषण नियंत्रण अनापत्ति प्रमाणपत्र (एनओसी) प्रदान करेगी। निर्दिष्ट या स्वीकृत क्षेत्र में स्थापित कोई उद्योग या उद्यम। Who cannot get a pollution control NOC? || कौन प्रदूषण नियंत्रण एनओसी प्राप्त नहीं कर सकता है? The establishment of any industry is not allowed in any of the approved residential areas of Uttrakhand shall be given consent to establish by state pollution control board within the Municipal Corporation limits of  Uttrakhand except in the designat