Iceland’s Prime Minister Takes Stand Against Bitcoin Mining, RBI Conducts Special Audit of Financial Institutions

Iceland's prime minister favors farming over finance as Bitcoin miners feast on the island's cheap power. The Reserve Bank of India conducts a special audit of IIFL Finance and JM Financial for regulatory breaches. Plus, the potential of blockchain in revolutionizing trade finance and Hong Kong's emergence as a family office hub for private banking.

Sources:
https://www.pcgamer.com/software/icelands-prime-minister-favors-farming-over-finance-as-bitcoin-miners-feast-on-the-islands-cheap-power/
https://www.livemint.com/companies/news/rbi-to-conduct-special-audit-of-iifl-finance-jm-financial-for-regulatory-breaches-tenders-floated-to-appoint-auditors-11711275279826.html
https://blockworks.co/news/trade-finance-might-not-be-sexy-but-its-blockchains-key-to-success
https://www.scmp.com/business/banking-finance/article/3256449/hong-kongs-family-office-hub-ambitions-spawn-private-banking-opportunities-citigroup

Outline:
(00:00:00) Introduction
(00:00:45) Iceland's prime minister favors farming over finance as Bitcoin miners feast on the island's cheap power
(00:03:22) RBI to conduct special audit of IIFL Finance, JM Financial for regulatory breaches; tenders floated to appoint auditors
(00:04:56) Trade finance might not be sexy, but it’s blockchain’s key to success
(00:07:59) Exclusive | Hong Kong’s family office hub drive augurs well for private banking: Citigroup