hawala

₹63 lakh in hawala transaction seized  

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₹63 lakh in hawala transaction seized  

The four arrested persons include – Kanti Lal, Kishore Singh, a distributor, Pep Singh, agent, Mohammed Abdul Fareed and Sandeep Singh, identified customers The four arrested persons include – Kanti Lal, Kishore Singh, a distributor, Pep Singh, agent, Mohammed Abdul Fareed and Sandeep Singh, identified customers Hyderabad city police’s Task Force (central zone) on Saturday … Read more

DeFi can’t hold a candle to the centuries-old trust-based system called hawala

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DeFi can’t hold a candle to the centuries-old trust-based system called hawala

In the history of dangerous naivety, the decentralized finance mania of 2021 will hold its own against the 2007 boom in collateralized debt obligations. It took a financial crisis for the world to wise up to CDOs, which repackaged risky mortgage bonds to make them look safer than they were. “CDOs are nothing but a … Read more