Central banks of the world concur on Digital Currency, Canada Japan and European countries included

Central banks of the world concur on Digital Currency, Canada Japan and European countries included

London/Tokyo: Claims that Digital currency or Cryptocurrency is the future, are being made consistently. The Central banks, who form a major portion of the global economy, have started taking these claims seriously. Over the last year, many central banks have given indications regarding digital currency. Taking the same issue forward, leading central banks of the […]

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After China, European Union and Turkey start preparations to launch Digital Currency

After China, European Union and Turkey start preparations to launch Digital Currency

Brussels/Ankara: Two months ago, the Chinese central bank created a sensation with the announcement of launching a digital currency. Following the Chinese announcement, other countries of the world have also been making preparations for Digital Currencies and European Union and Turkey have indicated to release it. Turkey announced release of the digital currency in 2020. […]

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Leading companies exit from Facebook’s Libra Digital currency, including Mastercard, Visa and Ebay

Leading companies exit from Facebook’s Libra Digital currency, including Mastercard, Visa and Ebay

California: Four months ago, Facebook’s digital currency that was launched with great fanfare has suffered major blows back-to-back. Five companies participating in the Libra venture have decided to back out in the last 24 hours. These companies include the world leaders in payments processing such as Mastercard, Visa and Stripe. Given this development indicates that […]

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European Union institutes inquiry against Facebook, over the issue of Libra cryptocurrency

European Union institutes inquiry against Facebook, over the issue of Libra cryptocurrency

Brussels: The troubles for Libra cryptocurrency, being launched by the social media company Facebook, seem to be increasing. Following the action initiated by the countries like the United States and Australia, now the European Union has instituted an inquiry against ‘Facebook Libra’. The spokesman of the Union informed that independent notices had been sent to […]

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Russia and Turkey to conduct trade in local currency, Russian President Vladimir Putin

Russia and Turkey to conduct trade in local currency, Russian President Vladimir Putin

Ankara/Moscow: – Russia and Turkey, already cooperating on the issues like Syria, Iran and Venezuela, have initiated steps to strengthen bilateral economic cooperation. Russian President Vladimir Putin gave this information during his visit to Turkey. As per this, both the countries will soon be starting trade transactions in their local currencies and an agreement to […]

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Gold bounces to $1,500 per ounce, riding on the flareup of the trade and currency wars

Gold bounces to $1,500 per ounce, riding on the flareup of the trade and currency wars

London/New York: The intensifying trade war between the United States and China and the further flareup caused in it, because of the currency war, caused a huge leap in the Gold rates. On Wednesday, Gold reached a record level of $1,503 per ounce, in the transactions on the ‘COMEX Gold Futures’, in the United States. […]

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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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