inspiriences

Hong Kong is looking to 'secure a leading role in global payment systems', one analyst says, as law comes ahead of a similar US stablecoin bill With the passage of one of the world's most comprehensive stablecoin laws two weeks ago, Hong Kong is looking to stay at the forefront of global finance while addressing lessons from past industry setbacks, according to analysts. Being a "first mover" in stablecoin legislation "reflects the determination" of the city's government to "unlock value that they see in this sector, given the number of hurdles from past incidents", said Melvin Deng, CEO of digital asset trading firm QCP Capital. Hong Kong is one of the first jurisdictions to introduce detailed regulations governing the issuance of stablecoins - cryptocurrencies backed by a reference asset, typically fiat currency like the US dollar - coming ahead of the US Genius Act currently making its way through the Senate. The Hong Kong ordina...

Kenya’s attempts to reform the electoral commission have encountered fresh obstacles following threats from opposition figures to disregard the nomination of a new chairperson. A selection committee has been carrying out televised interviews for the roles of chairperson and members of the Independent Electoral and Boundaries Commission (IEBC). They anticipate announcing their selections by mid-May following an extension of Parliament’s term by two weeks. However, some opposition figures, such as ex-vice president Kalonzo Musyoka and former Justice Minister Martha Karua, claim there’s a plot to install a leader favorable to President William Ruto and ex-prime minister Raila Odinga at the helm of the IEBC for the coming half-decade. President Ruto and his primary opponent from the 2022 elections have now joined forces within what is known as the broad-based government arrangement. This initiative has resulted in several members of Odinga’s ODM party being named to the Cabinet. ...

New Delhi [India], April 5 (ANI): The Aam Aadmi Party (AAP) AAP ) MLA Amanatullah Khan approached the Supreme Court On Saturday, they challenged the Waqf (Amendment) Bill 2025. The Bill passed in both Lok Sabha and Rajya Sabha now awaits President Droupadi Murmu's assent to become an Act. After two days of heated debate in both houses of Parliament, the Waqf Amendment Bill 2025 was passed. AAP MLA Khan contends that the Bill curtails the religious and cultural autonomy of Muslims, enables arbitrary executive interference, and undermines minority rights to manage their religious and charitable institutions. The petition states that these revisions impact fundamental elements of waqf legislation, encompassing the stipulation, establishment, documentation, management, conflict resolution, and transferability of waqf assets. Although the Bill has not yet received Presidential assent, its provisions have triggered widesp...

Panipat (Haryana) [India], April 5 (ANI): Union Minister Manohar Lal Khattar on Saturday welcomed the passage of the much-debated Waqf Amendment Bill in the Parliament , saying that proposed amendments would resolve previous grievances related to land encroachment and disputes. He stated that the original Waqf Act from 1995 was "unbalanced" as it had been "abused" by some individuals. Khattar further mentioned that assets managed by the Waqf board have the potential to assist impoverished Muslim populations. "It was a one-sided act, which has been misused by a few people. If the properties (of Waqf) are better used, it would help the poor Muslims. Now, with the new bill, which will become an Act, all the previous grievances will be resolved," Khattar told ANI. Uttarakhand Waqf Board Chairman Shadab Shams on Saturday attacked those protesting against the Waqf Amendment Bill , recently passed...

Patna (Bihar) [India], April 5 (ANI): Union Minister Chirag Paswan on Saturday lashed out at the INDIA alliance for their criticism of Waqf (Amendment) Bill, 2025, and said that the opposition has always "misled" people about the government. “Every time the NDA government has introduced a law, bill, or amendment aimed at integrating weaker sections into the mainstream, the opposition has consistently misinformed people regarding these measures. They have continually attempted to create a misleading storyline,” stated Paswan. Regarding the CAA, the revocation of Article 370, and the building of the Ram Temple, Paswan stated that the opposition initially misled the public and continues to do so even now. Waqf Amendment Bill . For example, upon the implementation of CAA, the opposition attempted to deceive the public...Similarly, during the revocation of Article 370 and the building of the Shri Ram Temple, they engaged in misleadi...