Core Viewpoint - The Reserve Bank of India (RBI) is implementing measures to enhance transparency in the over-the-counter (OTC) markets for foreign exchange, interest rate, and credit derivatives, particularly focusing on rupee derivative transactions [1][8]. Group 1: Transparency Measures - All transactions in OTC derivatives are required to be reported to the trade repository of the Clearing Corporation of India Limited (CCIL) by market-makers [1]. - A significant number of offshore rupee derivative transactions remain unreported, leading to non-transparency in the market [2]. - Standalone primary dealers were mandated to report all rupee derivative transactions conducted globally by their related parties starting in October 2022 [2]. Group 2: Future Reporting Requirements - Banks in India will be required to report all rupee interest rate derivative transactions undertaken globally by their related parties by December 2025 [3]. - It is proposed that all Authorised Dealer Category-I banks report foreign exchange derivative transactions involving INR conducted by their related parties globally [6]. - The reporting will include essential transaction details such as notional value, counterparty name, maturity date, and currency specifications to provide meaningful information [7]. Group 3: Stakeholder Engagement - The RBI has invited comments on the draft directions from market participants, stakeholders, and other interested parties by March 9 [8].

As I told you the intransparency in the market is qu was quite big. I've told even I've told myself to the uh stock market mana management at that several months ago to clarify the market from this uh cooking practice of uh manipulating prices of shares but they didn't anything. So to me MSI warning is a good thing because we I can write them to clear the market practice toward the better.>> Are you concerned about a possible downgrade. >> No, because improving the condition unless we ignore the MSI warning ...

Partnerships & Technology - Brevis 与 Aster 合作，通过可验证计算提高速度、安全性和隐私 [1] - Brevis 将复杂的链上计算转移到链下，并通过零知识证明进行验证，以降低成本 [1] - 双方将探索在保持市场透明度的同时保护用户隐私的方法 [1]

Core Insights - Tyler Winklevoss, co-founder of Gemini, expressed dissatisfaction with former SEC Chair Gary Gensler's policies on cryptocurrency, particularly after Gensler's recent CNBC interview [1][5] - Gensler highlighted that during his tenure, the SEC dealt with nearly 100 fraud cases and defended his regulatory approach, emphasizing investor protection as a core mission [1][3] - Gensler characterized crypto trading as driven by momentum and hype rather than fundamentals, suggesting that many of the thousands of tokens in circulation are speculative and likely to collapse [2][3] Group 1: SEC Policies and Statements - Gensler stated that reforms achieved during his leadership included shortening the stock market settlement cycle from two days to one, enhancing market efficiency [2] - He opposed proposals to reduce corporate reporting from quarterly to semiannual, arguing that transparency is crucial for market stability and investor assessment [4] Group 2: Reactions from the Crypto Community - Winklevoss labeled Gensler as "a total disgrace to our country" in response to his defense of regulatory positions and the SEC's oversight of the crypto market [5] - Winklevoss, alongside his brother Cameron, is recognized as a significant figure in the crypto ecosystem, actively supporting pro-crypto initiatives and contributing nearly $23 million to related Political Action Committees [6][7]

Core Viewpoint - OTC Markets Group Inc. has launched the OTCID™ Basic Market, a significant upgrade aimed at enhancing transparency and disclosure standards in the over-the-counter (OTC) equities market [1][2]. Group 1: Market Structure Changes - The introduction of the OTCID™ Basic Market replaces the Pink Current Market, providing a more transparent framework for companies engaging with U.S. investors through consistent reporting [2]. - Companies on the OTCID™ Basic Market must meet specific disclosure benchmarks, including timely quarterly and annual financials, management certifications, and updated company profiles [3]. Group 2: Company Engagement and Compliance - OTC Markets Group supports companies that commit to timely and consistent disclosure, emphasizing that reliable information enhances market quality and investor confidence [4]. - A total of 1,237 securities from the U.S. and key international markets have met the OTCID requirements, demonstrating a commitment to timely disclosure and engagement with U.S. investors [4]. Group 3: Market Advancement and Downgrades - The OTCID serves as a strategic entry point for companies, with 61 companies, including Bayer AG and OMV AG, qualifying for the OTCQX Best Market since January, indicating a demand for higher visibility and governance [5]. - Companies failing to meet OTCID requirements are downgraded to the Pink Limited™ Market or the Expert Restricted Market, with the former serving as a warning for limited issuer involvement [6]. Group 4: Mission and Market Efficiency - By distinguishing between active and inactive issuers, OTC Markets Group aims to foster informed investment decisions and create a more efficient public market [7].