New Delhi – The ‘Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ will be introduced in the forthcoming winter session of Parliament. The bill will outline the cryptocurrency to be issued by the Reserve Bank. At the same time, the bill would provide for a ban on the use of other private cryptocurrencies. However, […]
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New Delhi – The digital era is transforming all sectors. The digital revolution has raised new questions about sovereignty, governance, morality, rights and security in the political, economic and social spheres. Insisting that the power of technology must be used only for constructive purposes, Prime Minister Narendra Modi appealed to the democratic countries in this […]
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New Delhi: Union Minister of State for Finance Anurag Thakur informed that the government is willing to evaluate the use of newer technologies including cryptocurrency. A few months ago, the government had appointed a high-level Inter-Ministerial Committee, presided over by the Economic Affairs Secretary. The committee has submitted its report to the government and it […]
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Washington: – Janet Yellen, US Secretary of the Treasury, warned that Cryptocurrency is increasingly used for terror funding and this is a major problem. Only last week, the United Nations published a vital report regarding terrorist activities. The report said that terrorist organisations like IS and Al Qaeda are using Cryptocurrency. It was recently exposed […]
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New Delhi: In 2018, the Reserve Bank of India (RBI) had banned all the banks and financial institutions from entering any transactions with any virtual currency including Bitcoins. At present, the Supreme Court of India has lifted the ban on cryptocurrency, in its judgement, in the petition challenging this ban. The government and the RBI […]
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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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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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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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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 […]
Read More »Canberra: The popularity of ‘Bitcoin’ among investors world over has prompted some main countries along with banks and some big financial institutions to make moves to start their own cryptocurrency. With this background, the largest ‘Gold Refinery’ in Australia, ‘Perth Mint’ has announced its own cryptocurrency. Richard Hayes, the chief executive of the ‘Perth Mint’ […]
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