Business briefs

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Survey highlights lack of legal, regulatory clarity on cryptocurrency Mumbai, Nov 25 (PTI) A survey of 11,000 people done by a cryptocurrency exchange has found over two-thirds of the respondents blaming lack of legal and regulatory clarity as a major concern for investing in the virtual currencies.

The RBI continues to be sceptical about the non-fiat cryptocurrencies and has advised people to be wary of investments in the currencies, which have behaved in a volatile manner on unregulated platforms.

The survey by Coindcx also found 60 per cent of those surveyed saying they needed an easier way to join crypto.

* * * * * Expenditure during festival period soars 77% * Slice, a start-up engaged in credit and payments, on Wednesday said it has witnessed a 77 per cent jump in spends during the just concluded festivities as compared to the year-ago period.

Without sharing an exact amount of the spends, it said e-commerce major Amazon had higher spends than Flipkart.

* * * * * * Edelweiss Tokio Life Insurance on Wednesday launched the second edition of its organ donation campaign which focuses on creating awareness on the cause.

The campaign will also look at building a corpus for underprivileged organ recipients, an official statement said, adding it has tied up with Mohan Foundation for it. PTI AA MR MR