Binny Bansal has resigned from PhonePe’s board after his departure from Flipkart earlier this year, where he left to focus on his new venture, OppDoor. Bansal retains a 1% stake in PhonePe, where he significantly contributed to its acquisition by Flipkart. Other notable updates include Byju’s legal troubles, forex relief for startups, and Bitcoin nearing $100,000 amid positive regulatory expectations following Donald Trump’s election. The Indian government has amended forex regulations to facilitate foreign currency accounts for recognized startups, expanding the definition of a startup and increasing the turnover threshold.