Page 9 - Digital Currency

Modi asks nations to ensure cryptocurrencies don't fall into wrong hands

Last week, an India parliamentary panel favoured regulation rather than imposing an outright ban on the digital assets.

Pilot launch of RBI digital currency set for Q1 of FY23: Senior official

RBI is checking if intermediaries can be bypassed totally, and is also exploring the level of centralisation or decentralisation of the technology

Cryptocurrency exchanges may be classified as e-commerce platforms

Crypto exchanges proposed to be classified into 3 categories; may have to register under GST

Good crypto and bad: Defining, regulating and taxing this world

There are over 7,000 recognised cryptocurrencies in existence as of November 2021

Govt plans progressive steps for digital currencies in India: Report

India will engage with experts and other stakeholders on the evolving technology after Prime Minister Narendra Modi holds review meeting, says Bloomberg.

Digital currencies likely to be legal tender, say Central banks

Ensuring CBDCs are legally recognised as a form of payment alongside banknotes and coins could give the new form of money an edge over other types of electronic payments

China will advance development of digital yuan, central bank gov says

China will continue to advance the development of its central bank digital currency and improve its design, the People's Bank of China governor Yi Gang said on Tuesday

Cryptocurrency market cap hits $3 trn mark for 1st time, Bitcoin on fire

Bitcoin and Ether created a new all-time high of $68,641.57 and $4,857.25 on Tuesday

Bitcoin inflows hit record high so far in 2021: CoinShares data

Bitcoin inflows totalled $95 million last week, representing the largest inflows of all digital assets

Why I don't advise clients on cryptos

The RBI had banned banks from holding or facilitating cryptocurrency transactions, but the Supreme Court set aside that circular

Meme-teoric: 'Shiba inu' tokens gain 87,000,000% in a year

Bitcoin, the biggest cryptocurrency with a market cap of $1.2 trillion, was up a little over 4 per cent on Thursday, but below the record high it hit last week

Bitcoin slips on profit-taking but on track for biggest gain in 8 months

Bitcoin, the world's largest cryptocurrency, fell as much as 3.7% to $58,100, its lowest since Oct. 15

BS BFSI Insight Summit: Time for crypto regulation, say panelists

Most of the panellists felt cryptos are here to stay and attention should shift to how it can be regulated

BS BFSI Insight Summit: Introduce a digital currency soon, says Garg

The crypto platforms are indeed the future, said Garg, who once headed an inter-ministerial committee on cryptocurrencies

Cash going to co-exist with central bank digital currency: Subbarao

Former RBI governor D Subbarao on Monday said there is a strong motivation for the central bank to launch a digital currency and cash is going to coexist with the new-age currency

India's cryptocurrency market grew 641% over past year, says report

India has a 59% share of activity taking place on decentralized finance (DeFi) platforms, with Pakistan at 33%, the report said

Bitcoin posts biggest increase since July in a matter of minutes

The largest cryptocurrency gained as much as 10 per cent to $47,234 early in New York trading

Cryptocurrencies post fifth straight week of inflows, says report

Crypto inflows amounted to $41.6 million for the week ended Sept. 17, with bitcoin getting the bulk of inflows at $15.3 million, and ether products garnering $6.6 million

Explained: How banks can lose $60 billion to cybercash highways

The Model 3 alternative may pose the biggest risk to the conventional money transfer business

India looking to tax crypto trades and ecosystem in the country: Report

The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax, ET Now reported