DLT
Demat 2.0 explained: Why it matters for bond market investors
In an innovative move, Sebi has rolled out Demat 2.0, a pilot scheme aimed at tokenising corporate bonds. This initiative facilitates rapid settlement and instant fund retrieval for investors. It automates interest and redemption payments through smart contracts, while atomic settlement mitigates risks by coordinating the release of bonds and payments seamlessly. Future developments will broaden this system's reach to secondary markets and individual investors.
Demat 2.0 will bring instant bond settlement closer, trading after regulation and market readiness: NSDL MD
Demat 2.0 can allow investors to receive tokenised bonds instantly against payments made through the central bank digital currency (CBDC), significantly reducing the time gap in securities settlement, NSDL Managing Director Vijay Chandok said, while noting that wider trading will depend on regulatory approval and market readiness.
Sebi completes first phase of Demat 2.0 bond pilot; secondary trading next: Tuhin Kanta Pandey
The Securities and Exchange Board of India (SEBI) has completed the first phase of its Demat 2.0 pilot for corporate bonds and will next bring secondary-market trading into the new technology framework, SEBI Chairman said on Thursday.
Trai directs telcos to migrate 140-series calls to blockchain platform to curb spam
Trai has instructed telecom operators to shift telemarketing calls to a blockchain-based DLT platform by September 30. Starting November 1, 2024, all messages need to be traceable. The regulator will suspend traffic for unauthorized headers and templates, requiring telemarketers to report misuse within two business days. This aims to curb spam and enhance message traceability.
Battling the spam goliath: Inside Trai's plan to clamp down on unwanted calls, spammers
Trai's efforts to combat spam include implementing DLT, removing inactive headers, and AI-based scam detection. However, challenges such as evolving tactics and lack of adoption of the consent module remain. Trai aims to standardize procedures to reduce junk messages and pesky calls.
Trai gives enterprises 2 weeks to verify SMS sending templates
PEs or principal entities are the enterprises that send commercial messages to customers using SMS. In 2018, Trai mandated the use of a DLT platform, which is blockchain-based, to register, verify, and then send commercial messages. Enterprises were asked to register the header, or the sender code, and the template of the commercial message to be sent. Only registered entities are allowed to send commercial messages under this regime.
Trai tightens norms around spam calls, messages
The Indian Telecom Regulatory Authority (Trai) has issued new directions to combat increasing pesky calls and messages. Telcos will now have to pre-tag each variable component, and appoint an authority to approve templates when using over three variables. Only whitelisted URLs, applications, over-the-top links and call-back numbers will be allowed in content templates, and telcos will have 45 days to comply with the new rules
TRAI’s DLT mechanism to check pesky messages has failed: Route CEO Rajdip Gupta
The implementation process, which started in 2019, has been stuck on the third stage - gathering consumer consent to receive messages from enterprises.
TRAI's directives on pesky messages will bring much needed discipline: Tanla Platforms
"TRAI's directions are a much-needed push for all participants of the DLT ecosystem to clean-up the menace of inactive or unverified headers/templates, which Tanla has been advocating for a long time," D Uday Reddy, Founder, Chairman and CEO of Tanla Platforms, said in a statement.
How Trai is taking steps against dubious tele marketers
“TRAI directed the operators to make use of DLT (Distributed Ledger Technology) and passed on the regulatory burden to the operators. They had to basically invest in that. And it is a very complex problem and needs a lot of capex infrastructure. The DLT platform is easier said than done but it has a promise to solve all the problems not only messages but even for calls.”
Trai directs telcos to reverify registered msg templates to check pesky calls, messages
To curb the menace of customers getting promotional messages from normal 10 digit mobile number, the telcos have been directed to ensure that such promotional messages are not transmitted by unregistered telemarketers or telemarketers using telephone numbers. The telcos should take action against all such erring telemarketers as per the provisions of the regulations and also initiate actions as per relevant legal laws.
Sebi extends time till month-end for entering details of existing non-convertible securities
The regulator, in August 2021, asked depositories to use blockchain technology to record and monitor security creation as well as covenants of non-convertible securities.
It's not just token value
In simple words, tokenisation can turn almost any asset, either real or virtual, into a digital token and enables the digital transfer, ownership and storage without the necessary need of a central third party/intermediary.
Britain makes crypto technology a priority for streamlining markets
Gwyneth Nurse, the ministry's director general for financial services, said the use of distributed ledger technology (DLT), which underpins cryptoassets, is a key priority for making financial market infrastructure more innovative and efficient for users.
Route Mobile to buy Teledgers' blockchain, DLT platform for about Rs 130 cr
The acquisition would enable Route Ledger to offer DLT (distributed ledger technology) and encrypted messaging solutions to mobile network operators besides its existing firewall analytics and grey route monetisation solutions.
SBI, Axis Bank, ICICI Bank, others buy stakes in fintech firm IBBIC
Incorporated in May this year, IBBIC platform offers distributed ledger technology (DLT) solutions to the Indian financial services sector.
Axis Bank buys 5.55 pc stake in financial technology firm IBBIC
Incorporated in May this year, IBBIC platform offers distributed ledger technology (DLT) solutions to the Indian financial services sector.
Trai's blockchain solution to curb pesky messages a template for govt to use for other svcs: Experts
The Ministry of Electronics and IT (MeitY) has released a draft policy on blockchain to regulate the technology and its deployment in public and private use cases. Whereas the telecom regulatory authority of India (TRAI) has already deployed the distributor-ledger technology (DLT), which is one the largest use-cases of blockchain to control spam SMS traffic.
Largest hike ever: Telemarketers cry foul as telcos hike bulk SMS fees by 25%-30%
“This is a fairly steep hike by telcos and may directly impact marketing budgets in almost every sector such as banking, retail, e-commerce, delivery apps etc who send millions of transactional, promotional and service messages to their customers every day,” said Anurag Aggarwal, director - messaging services at Tata Communications.
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