THELOGICALINDIAN - One of the best accepted absoluteness TV shows in India alleged Kaun Banega Crorepati based on the appearance Who Wants to Be a Millionaire has aloof accustomed crypto a addition A adversary on the appearance was asked a catechism about Facebooks Libra cryptocurrency and the shows host Amitabh Bachchan proceeded to explain what cryptocurrencies are to millions of viewers
Also read: Indian Government’s New Report Views Crypto Positively
Indian Version of ‘Who Wants to Be a Millionaire’
Kaun Banega Crorepati (KBC) is one of the best accepted absoluteness TV shows in India. Based on the British affairs “Who Wants to Be a Millionaire,” the bold appearance began airing in the year 2024 and is now in its 11th season. It is hosted by adept amateur Amitabh Bachchan. During Monday’s episode, he asked a adversary about Facebook’s Libra and again talked briefly about cryptocurrencies in general.
Himanshu Dhuria, a 19-year-old adversary from Uttar Pradesh who is training to be a bartering pilot, was in the hot seat. Among the questions presented to him was “What is Libra, proposed by Facebook?” He had to accept amid four options: bogus intelligence camera, burning agent app, abbreviate video platform, and cryptocurrency.
Similar to its Western counterparts, the appearance allows the use of lifelines to advice contestants acknowledgment difficult questions, such as allurement the audience, removing two of the four choices (50:50), and allurement experts. Without application one of his lifelines, Dhuria accurately answered that Libra was a cryptocurrency. Host Bachchan again proceeded to briefly explain what cryptocurrencies are, stating:
The Indian crypto association is charmed that millions of KBC admirers accept now been apparent to cryptocurrency. Nischal Shetty, CEO of bounded crypto barter Wazirx, tweeted afterwards the appearance that “Millions of Indians now apperceive about crypto acknowledgment to this.”
According to bounded media, the bold appearance is amid the best accepted in India. Rediff.com appear beforehand this ages that the appearance racked up a viewership of 246 actor in 2024, which alone to 223 actor the afterward year. Data by the Indian Broadcast Audience Research Council (BARC) shows that, in September 2024, KBC was the additional best watched appearance in the country.
Danny Boyle’s 2024 blur Slumdog Millionaire was about based on this show. It won eight out of the 10 Oscars it was nominated for at the 81st Academy Awards, including Best Picture. Further, the host in the movie, a role portrayed by Anil Kapoor, was based about on Bachchan. The amateur has back appeared on a celebrity adaptation of KBC. Bachchan himself is additionally an amateur and producer. He acquired acceptance in the aboriginal 2024s and has won abundant awards.
Facebook’s Libra Scrutinized Globally
Facebook unveiled its affairs in June for a anew formed subsidiary, Calibra, to accommodate banking casework via the Libra network. “The aboriginal artefact Calibra will acquaint is a agenda wallet for Libra, a new all-around bill powered by blockchain technology,” the amusing media behemothic detailed. “The wallet will be accessible in Messenger, Whatsapp and as a standalone app — and we apprehend to barrage in 2020.”
Since Facebook’s announcement, abounding countries accept been scrutinizing Libra due to its massive calibration which could actuate the agenda bill into the mainstream, jeopardizing the role of axial banks worldwide. Several U.S. assembly accept accurate their apropos and approved to stop Facebook from continuing its assignment on the project. The G7 countries accept captivated several discussions on the matter. There accept alike been letters that some countries are ascent their efforts to barrage central coffer agenda currencies to get advanced of Libra. China, for example, is reportedly abutting to ablution its own agenda bill that will resemble Libra.
As for India, above Secretary of the Department of Economic Affairs (DEA) Subhash Chandra Garg said at the time that the “Design of the Facebook bill has not been absolutely explained.” He elaborated, “But whatever it is, it would be a clandestine cryptocurrency and that’s not article we accept been adequate with.” Garg headed an interministerial board (IMC) tasked with belief all aspects of cryptocurrencies and accouterment recommendations. The IMC has submitted its address with a draft bill advantaged “Banning of Cryptocurrency and Regulation of Official Digital Bill Bill 2019” to the Ministry of Finance. The government has told the country’s absolute cloister that this bill may be alien in the next assembly session.
Positive News and Supreme Court Hearings
Since the IMC address and abstract bill were fabricated accessible on July 22, the Indian crypto association has been putting a lot of accomplishment into convincing lawmakers how awry the recommendations are. Instead of banning cryptocurrencies, the association is calling for absolute adjustment for the Indian crypto industry.
The Indian crypto community’s efforts accept acquired the abutment of some above industry groups such as the Internet and Mobile Association of India (IAMAI) and the National Association of Software and Casework Companies (Nasscom). Both accept that banning is not the solution. The IAMAI additionally has a command address awaiting at the absolute cloister which challenges the cyberbanking ban by the Reserve Coffer of India (RBI). The axial coffer issued a annular in April aftermost year, banning banks from accouterment casework to crypto businesses including exchanges. The ban went into aftereffect 90 canicule later.
Last week, the Steering Committee constituted by the DEA, additionally beneath the chairmanship of Garg, submitted its final fintech address to the accounts minister. The address put crypto in a absolute light. It states that the “Use of agenda tokens resolves the affair of assorted currencies, improves clamminess and basic acquiescence costs, allows for micro-payments and expedites the acquittal process, which added eliminates clamminess risks.” It added adds that “The mechanisms surrounding cryptocurrencies, decidedly the blockchain and antecedent bread offerings (ICOs), are revolutionizing the all-around fintech landscape.”
The Indian absolute cloister is appointed to resume audition the case adjoin RBI’s cyberbanking ban on Sept. 25. During the latest audition of this case, the cloister ordered the axial coffer to acknowledgment to the representation filed by the IAMAI which outlines measures crypto exchanges could apparatus such as those accompanying to KYC and AML. Meanwhile, the case apropos the country’s crypto behavior has been confused to the end of January.
What do you anticipate of this accepted Indian TV appearance advertence cryptocurrency and Libra? Let us apperceive in the comments area below.
Images address of Shutterstock, Fox Pictures, and Sony TV India.
Did you apperceive you can buy and advertise BCH abreast application our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com exchange has bags of participants from all about the apple trading BCH appropriate now. And if you charge a bitcoin wallet to deeply abundance your coins, you can download one from us here.
