Brussels – The International Monetary Fund (IMF) warned that if the country’s sovereignty is to be protected, cryptocurrency should not get the status of official currency or legal tender. Doing so would threaten the nation’s economic stability or lead to a spike in inflation. Besides, the IMF has urged the concerned countries to make strict […]
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New Delhi: India has taken a major step to regulate cryptocurrencies, warning that cryptocurrencies could cause the next financial crisis. According to this, it has been made mandatory for everyone who deals in cryptocurrency, invests money in it and benefits from it to file ‘Know Your Customer-KYC’. Because of this, crypto traders will have to […]
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Washington: In the last few years, the use of cryptocurrencies has been increasing worldwide, and the International Monetary Fund has presented an important report in this regard. The report recommends that cryptocurrencies cannot become legal tender. At the same time, International Monetary Fund has also suggested that blockchain-like technology, which is used behind cryptocurrencies, can […]
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Washington: ‘Cryptocurrency has no value. Investors should sell the currency before it depreciates. Because Cryptocurrency is on the verge of extinction soon,’ warned US economist and investor Peter Schiff. Schiff also mentioned the ‘FTX’ scam in the cryptocurrency sector. The value of cryptocurrencies has fallen drastically in the wake of other scams, including FTX. The […]
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New Delh: Co-founder Sam Bankman-Fried’s $16 billion empire gets ruined after US-based cryptocurrency exchange FTX collapsed. This has led to a massive drop in the value of cryptocurrencies worldwide. The value of cryptocurrency, which was at three trillion dollars (three hundred thousand crores) in 2021, has now come down to less than one trillion dollars. […]
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Tehran: US sanctions have made it difficult for Iran to trade in dollars. In such a situation, Iran has started using cryptocurrency for its imports. Alireza Peyman-Pak, Deputy Minister of Industry, Minerals and Trade of Iran, informed that Iran had ordered imports worth $10 million through cryptocurrency. This decision of Iran is being claimed to […]
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New Delhi: Cryptocurrency poses a threat to the country’s economy. Reserve Bank has openly stated its concerns regarding this. Union Finance Minister Nirmala Sitharaman said that citing the threats posed to the economic and financial stability, the Reserve Bank has demanded a ban on Cryptocurrency. The Finance Minister gave this striking information in the written […]
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Washington: India’s Finance Minister Nirmala Sitharaman, during her visit to the US, held talks with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The IMF chief has praised the performance of the Indian economy even during the turmoil and uncertainty due to the Coronavirus pandemic and the recent Russia-Ukraine war. Finance Minister Nirmala […]
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Washington: – United Nations, jointly with a private company, has released a report that exposed that North Korean nuclear and missile programs are being funded from earnings generated from cyberattacks and cryptocurrency. The United Nations report indicates that hackers from North Korea are stealing military secrets through cyberattacks and selling them. A study published by […]
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New Delhi – In the Union Budget, a tax of 30% has been imposed on income via cryptocurrency. Discussions had begun about whether the government has legalised cryptocurrency by imposing this tax. But the chairman of the Central Board of Direct Taxes (CBDT), JB Mohapatra, emphasised that the government has not recognised the cryptocurrency. Furthermore, […]
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