Page 11 - Digital Currency
Fed's Powell says he's undecided on central bank digital currency
'I am legitimately undecided on whether the benefits outweigh the costs or vice versa,' Powell said
 "Fed's Powell says he's undecided on central bank digital currency")
Cash is still king, for now: Diamond sale dims cryptocurrency hopes
A 101.38-carat diamond was sold by Sotheby's for HK$95.1 million ($12.3 million) to an unknown buyer using traditional currency, disappointing cryptocurrency fans
 "Cash is still king, for now: Diamond sale dims cryptocurrency hopes")
Digital-dollar fad: The Fed isn't obliged to issue electronic currency
The Fed isn't obliged to join China and other central banks in the craze to issue an official electronic currency. Private equivalents may do the job better
 "Digital-dollar fad: The Fed isn't obliged to issue electronic currency")
Using digital currencies abroad hits logjam, but pandemic may have solution
Without coordination between companies and regulators, e-CNY, FedCoin, Britcoin will all remain trapped in silo.
 "Using digital currencies abroad hits logjam, but pandemic may have solution")
Enforcement Directorate issues notice to WazirX, directors over FEMA breach
Exchange said they are yet to receive ED notice
 "Enforcement Directorate issues notice to WazirX, directors over FEMA breach")
Digital cash could make inflation worse if central banks aren't cautious
Central banks in China and Sweden have fairly advanced plans to introduce currencies in electronic form for retail use.
 "Digital cash could make inflation worse if central banks aren't cautious")
Crypto exchanges draw attention of regulators over brand promotions
According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the central government
 "Crypto exchanges draw attention of regulators over brand promotions")
Decoded: Here's how to tell the difference between Bitcoin and Ethereum
The prices of both Bitcoin and Ether were relatively flat from early 2018 to the fall of 2020, a period known as the 'crypto winter' by oldtimers
 "Decoded: Here's how to tell the difference between Bitcoin and Ethereum")
As scrutiny of cryptocurrency grows, industry turns to Washington lobbyists
Ripple Labs has enlisted lobbyists, lawyers to make its case to the Securities and Exchange Commission and in one of the first big legal battles over what limits the government should set for trading
 "As scrutiny of cryptocurrency grows, industry turns to Washington lobbyists")
Cryptocurrency ether hit a record high, Ethereum breaks past $3,000 mark
Cryptocurrency ether hit a record high, extending last week's rally in the wake of a report that the European Investment Bank could launch a digital bond sale on the ethereum blockchain network
 "Cryptocurrency ether hit a record high, Ethereum breaks past $3,000 mark")
'Britcoin' digital currency being considered by UK authorities
The Bank of England and the Treasury said Monday that they will work together to assess the benefits of a central bank digital currency,
 "'Britcoin' digital currency being considered by UK authorities")
BOJ forms panel to help guide central bank digital currency experiment
Set to begin experimenting in how to operate a central bank digital currency, the Bank of Japan said it has formed a committee bringing together policymakers and lobbyists to help with the project
 "BOJ forms panel to help guide central bank digital currency experiment")
China proposes a set of global rules for central bank digital currencies
The PBOC is aiming to become the first major central bank to issue a CBDC
 "China proposes a set of global rules for central bank digital currencies")
India's proposed ban on cryptocurrencies not in line with major countries
In most major countries and blocs, regulators treat cryptocurrencies as assets and gains in these are taxed like financial transactions
 "India's proposed ban on cryptocurrencies not in line with major countries")
Govt considers blocking IP addresses of cryptocurrency exchanges
Two months ago, the government had said it intended to bring a Bill to ban private cryptocurrencies and introduce India's own digital currency in line with what China and other countries had done
 "Govt considers blocking IP addresses of cryptocurrency exchanges")
Why a ban on cryptocurrency could have dire consequences for India
Just like its disastrous predecessor - demonetisation - banning cryptocurrency to fight "black money" would be like setting fire to the forest in order to smoke out a few sheep
 "Why a ban on cryptocurrency could have dire consequences for India")
India to propose cryptocurrency ban, penalising miners, traders: Report
Officials are confident of getting the bill enacted into law as Prime Minister Narendra Modi's government holds a comfortable majority in parliament
Bitcoin takes breather around $60,000 after retreat from record $62,000
The world's most popular cryptocurrency slipped as low as $58,956.90 early in the Asian session, falling from Saturday's record high of $61,781.83
 "Bitcoin takes breather around $60,000 after retreat from record $62,000")
Official, private digital currencies can coexist, say IMF experts
The blog suggests a central bank digital currency may be designed to encourage the private sector to innovate on top of it
 "Official, private digital currencies can coexist, say IMF experts")
Statsguru: Seven charts explain India's tryst with cryptocurrencies
Bitcoin, which commands more than $50,000 on any exchange today, was founded anonymously in 2009
 "Statsguru: Seven charts explain India's tryst with cryptocurrencies")
