Shenzhen will issue digital currency worth of 20 million yuan ($3.1 million) as part of a pilot project of digital currency in its Longhua district on Wednesday. … [Read more...] about Shenzhen to issue 20m in digital money in pilot project
Staged digital wallet operator definition
It has been more than five years since over 137 world leaders came together, under an inclusive framework of the global body, Organisation for Economic Cooperation and Development or simply OECD, and tried to come to a consensus on how multinationals like Facebook, Google and Amazon, could be taxed. The leaders had initially set the deadline for the consensus as 2020, however, extended it to June 2021 last year after the US, which is home to major technology giants, pulled out from the talks.Now with Joe Biden taking over the reins, how close or far is the world in its pursuit of finding digital tax consensus?Hope in the air…“We do not expect to see a fundamental shift in the US position given the bipartisan statements that have been made on this issue but perhaps with a new set of eyes looking at these issues, and a strong desire to avoid tax and trade wars, a consensus-based compromise can be found,” OECD’s official Grace Perez Navaroo told ETCFO in an … [Read more...] about Joe Biden arrives but will digital tax solution get any easier?
Anush Ragahvan, president, CMS Infosystems said ATM replenishment were back to 95 per cent of pre-Covid levels in December 2020 on account of strong recovery seen in rural and semi urban on account of government policies like Direct Benefit Transfer, reverse migration and lower impact of pandemic. … [Read more...] about Cash was king in 2020 even as digital transactions increased
By Supantha Mukherjee and Helena SoderpalmSTOCKHOLM: Swedish telecom operators are planning to cover almost the entire country with 5G in the next two to three years after the spectrum auction was conducted by the telecom regulator PTS.The auction, which was delayed twice - once for security review and the second time over a lawsuit filed by Huawei - started on Tuesday and concluded the same day.PTS had estimated between two and 10 days for the completion of the auction between four bidders."There were a lot of frequencies available and the auction was designed so that three bidders could receive a reasonable amount of frequencies in the 3.5 GHz band, and a fourth bidder could gain access to the entire 2.3 GHz band without new bidding," a PTS spokesman said.The bidders were units or joint ventures of telecom operators such as Telia, Tele2, Telenor and Tre."We are just really happy that the auction happened now, it is critical for our continued 5G rollout and to strengthen Sweden as a … [Read more...] about Sweden operators get ready for mass 5G cover after spectrum auctions
NEW DELHI: Digital networks integrator Sterlite Technologies (STL) Monday said it has strengthened its global presence with a series of appointments across domains such as network services, software, and 5G/broadband ecosystems. STL has appointed Srinivas Jagadeesan as Head, Wireless Product Development; Keith Rowley as Chief Delivery Officer, Network Services, United Kingdom; Anjan Das as Chief Policy Advocacy Officer; and Saikat Mitra as Chief Operating Officer, Network Software. Srinivasan Jagadeesan will focus on strengthening STL’s open RAN & pFTTx hardware portfolio and comes with over 30 years of experience in systems engineering, product development, and product lifecycle management in wireless, telecom & networking, automotive, telematics, consumer electronics, defense and aerospace. Prior to STL, Jagadeesan was associated with Altran (Aricent), a CapGemini company as AVP-Engineering, where he managed semiconductor systems and embedded software.Keith Rowley will … [Read more...] about Sterlite Technologies strengthens telecom leadership with four new appointments