The Reserve Bank of India (RBI) has initiated a request to the Central government regarding the formulation of crypto regulations and to exercise a ban on them. To this, Finance Minister Nirmala Sitharaman remarked saying the RBI crypto ban plea would only be thought about if it garners “global collaboration” …
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As China’s CBDC (Central Bank Digital Currency) undergoes technological and business model changes, the market should open up the possibility of incorporating CBDC or digital Yuan into all online retail payment modes, Changchun Mu (Founder and Director of PBC’s Digital Currency Research Institute) said on the 3rd of September, 2023. …
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As per reports by several media houses, sooner or later Russia to legalize crypto as an avenue of payment. This statement was released by the Industry and Trade Minister Denis Manturov on Wednesday, recommending that the governing body and the central bank of the country may be shifting closer to …
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Titles VI and VII of the Responsible Financial Innovation Act, which have been introduced by Cynthia Lummis and Sens. Kirsten Gillibrand, would authorize the chartering of unsound, unsafe, and uninsured stablecoin financial institutions. The Lummis-Gillibrand crypto bill ignores important lessons from the last 50 years of financial regulation and could …
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Indian Prime Minister, Narendra Modi, on 13.11.2021 chaired an important meeting on the issues of digital currency. PM Modi on cryptocurrency and related issues held a meeting after the governor of RBI (Reserve Bank of India) Shaktikanta Das portrayed his concern on digital currencies, cautioning the investors on the potential …
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The increase in the use of digital currency and its latest blockchain-based mechanism has attracted the interest of investors, traders, and financial investors alike. However, the digital medium snatches the ease of spending the currency similar to the way people spend cash or currency notes. Recently, new platforms and services …
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The hot topic in the crypto space is the new regulations on digital currencies in India which has left the Indian crypto fans at the edge of their seats. The bill speaks of a ban on all “private digital currencies” in India, effectively preventing the use of such digital currencies …
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In recent times there has been a huge hype about the Central Bank Digital Currency which is also known as CBDC. But what is CBDC and how is it different from a cryptocurrency? In this article, we will find the answers to all these questions. What Is A Central Bank …
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As per the Indian crypto law that is not out yet, the Central Government is taking into account the fact to offer digital currency holders of India a deadline for declaration of assets and become flexible with the upcoming new regulations on crypto in India. Notably, the Securities and Exchange …
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The Central Bank of Russia on Thursday proposed banning the mining and use of digital currency on Russian territory, mentioning threats to financial stability, the wellbeing of the citizens, and the sovereignty of its monetary policy. Let us know about the Russia crypto ban in detail. Russia Crypto Ban: Why …
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