Cryptocurrency a national security issue for US, warns Secretary of the Treasury Steven Mnuchin

Cryptocurrency a national security issue for US, warns Secretary of the Treasury Steven Mnuchin

Washington: Secretary of the Treasury Steven Mnuchin warned regarding cryptocurrency saying that Cryptocurrency and Bitcoins are used for the transaction of billions of dollars for Cybercrime, tax evasion, ransom demands, narcotics trade and human trafficking. Many people have tried to use cryptocurrency to raise funds for misconduct and carrying out criminal acts. Therefore, cryptocurrency has […]

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Russia-China announce Yuan-based investment fund, sign deals on local currency, e-commerce, nuclear cooperation, 5G

Russia-China announce Yuan-based investment fund, sign deals on local currency, e-commerce, nuclear cooperation, 5G

Moscow: During Chinese President Xi Jinping’s Russia visit, an important announcement was made on the establishment of an independent fund between Russia and China, based on the Chinese currency Yuan. Although many projects have been taken up between the two countries under bilateral trade and investment, this is the first time a fund based only […]

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US’ gift to the new Indian government; omitting India from the Currency Manipulator list

US’ gift to the new Indian government; omitting India from the Currency Manipulator list

Washington: The US State Department has expressed confidence that the Indo-US relations will reach new heights with Prime Minister, Narendra Modi at the helm of affairs, in India. As the same time, the United States has taken an effective decision to omit India from the ‘Currency Manipulator’ list. Only three days ago, the United States […]

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The US to impose more taxes on China, a ‘Currency Manipulator’, proposes US Trade department

The US to impose more taxes on China, a ‘Currency Manipulator’, proposes US Trade department

Washington: The United States has been preparing to corner China on the currency issue, after targeting it through the trade war. The US trade department has proposed the imposition of tax on countries controlling the value of their currencies. The list will include countries like India, Australia, Germany, Switzerland, Japan, South Korea, along with China, […]

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New Trump threat causes a dip in the Chinese stock market and currency; China claims to not bow to external pressures

New Trump threat causes a dip in the Chinese stock market and currency; China claims to not bow to external pressures

Washington: US President Donald Trump issued a formidable threat that if China does not sign a trade agreement now, it will face dire consequences from the year 2020. Intense repercussions of the threat issued by Trump were felt in China, and the stock markets and currency recorded a massive crash. While the effects of the […]

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World Bank and International Monetary Fund launch experimental Cryptocurrency

World Bank and International Monetary Fund launch experimental Cryptocurrency

Washington: The world is moving from currency to cryptocurrency. The economists are claiming that cryptocurrency will be the future of the world. Reports of some countries moving towards cryptocurrency, also have been published. It has also been revealed that leading financial institutions and banks are seriously considering the use of cryptocurrency. But now the World […]

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Russia and China increase purchase of gold, hint at considering gold-backed digital currency

Russia and China increase purchase of gold, hint at considering gold-backed digital currency

Moscow/Beijing: Russia and China, two of the leading economies of the world have increased their purchase of gold. In February, Russia purchased a whopping 31 tonnes of gold taking its gold reserves to 2,149 tonnes. At the same time, the Chinese central bank has been revealed to have bought gold for four successive months, to […]

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Increased use of local currency in the Russian sponsored ‘Eurasian Union’; success in countering the use of US dollar

Increased use of local currency in the Russian sponsored ‘Eurasian Union’; success in countering the use of US dollar

Moscow: Information has been received that the use of local currency bypassing the use of US dollar has increased in the Eurasian Union created with the Russian initiative. As per the information provided by Russia, 70% of the transactions in the first six months of 2018, by the members of the Eurasian Union were in […]

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RBI sets up a special ‘Cryptocurrency’ and ‘Blockchain’ technology research unit

RBI sets up a special ‘Cryptocurrency’ and ‘Blockchain’ technology research unit

New Delhi: The Reserve Bank of India has established an independent unit for research on Cryptocurrency, Blockchain and Artificial Intelligence. This particular unit is reportedly responsible not only for keeping an eye on the new emerging technologies of Cryptocurrency and Blockchain but also for drafting rules and regulations regarding the same. RBI has issued a […]

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Greece should quit the Euro and use Drachma as its currency, warns former Greek Finance Minister

Greece should quit the Euro and use Drachma as its currency, warns former Greek Finance Minister

Athens: The European lending agencies have converted Greece into a dead colony wherein Greeks will have to suffer pain and poverty for many years to come, accused former Finance Minister of Greece. At the same time, he warned that Greece should quit the Euro and start using the old Drachma currency. It was announced on […]

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