Minister Guimarães says Brazil government discussing drastic measures for online betting sector

Brazil’s Minister of Institutional Relations, José Guimarães, said the government has yet to define how it will address the country’s online betting sector amid growing concerns over problem gambling. The minister suggested that future measures could be significant, ranging from stricter regulation to even a potential suspension of betting activities. The statement comes as Brazil’s…

As Illinoisans lose federal food assistance, independent grocers face debt, store closure

As households across Illinois brace to lose their federal food assistance this month, grocery stores, especially independent grocers across the state, are preparing for the devasting effects of decreased spending. For some independent grocers, whose profit margins average 2%, a decrease in consumer spending associated with cuts to the Supplemental Nutrition Assistance Program could lead…

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It’s time to tokenize sovereign debt now that India’s e-rupee is ready to help finance evolve

Once it proves reliable and settlement risk turns negligible, the capital that today sits locked up between trade and settlement is freed. Reconciliation—which currently requires the issuer, buyer, depository, clearing corporation and trade reporting platform to each keep their own records and match them against one another’s—becomes redundant. And RBI, which today can only see…