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Discussion
FTX implosion shows need for crypto regulation - BofE's Cunliffe
Ketharaman Swaminathan

Ketharaman Swaminathan

  Despite 50+ years of banking regulation, GFC happened, stock price of YES Bank crashed by 96%.  But, hell yeah, crypto must be regulated. At least, when the next GFC or Yes Bank of crypto happens, there will be the Fed / RBI of Crypto to backstop Crypto Companies and the FDIC / DICGC of Crypto to backstop Customers of Crypto Companies.
FTX implosion shows need for crypto regulation - BofE's Cunliffe
Ron Troy

Ron Troy

  How do you regulate somethng based on hot air and crime?
Citi Ventures makes first fintech investment in India
Ketharaman Swaminathan

Ketharaman Swaminathan

  Oops Lentra, not Lettra.
Citi Ventures makes first fintech investment in India
Ketharaman Swaminathan

Ketharaman Swaminathan

  @Melvin Haskins + 1. My ex-employer Citicorp Information Technology India Limited (CITIL) was carved out from the inhouse IT department of Citibank in circa 1985, received funding from Citi Ventures a few years later, dropped the Citicorp from its name when it IPOd in circa 2000 under the name of i-flex solutions.   It was the sale of Citi Ventures' stake to Oracle in 2005 that led to i-flex becoming a subsidiary of Oracle Inc. and subsequently being renamed to Oracle Financial Services Software Limited. (Why it's still a separate listed company with its own name instead of becoming a division of Oracle is a story for another day.) Memory serves, Citi Ventures subsequently invested in a few more providers of financial technology in India e.g. Polaris.  Lettra is certainly not the first fintech investment of Citi Ventures in India. Although, I must admit, the term "fintech" was - wait for it - "Avant La Lettre" when the VC arm of Citicorp made the CITIL and Polaris investments.