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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Frankfurt: – Christine Lagarde, President of the European Central Bank, expressed confidence that Europe could start a digital currency in the next four years. Only a few months ago, China announced Digital Yuan. Whereas, countries like the United Kingdom, Sweden, Germany and France also have indicated to start efforts to launch digital currencies. Over the […]
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Istanbul: – The expansionist ambitions of Turkish President Recep Erdogan and the increasing spread of Coronavirus pandemic seem to be taking their toll on the Turkish economy. The Turkish lira slid to 8.15 per USD on Tuesday, and this is the lowest level to date. At the same time, the price rise index has reached […]
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Pune- The Pune crime branch has busted a huge racket of fake Indian and foreign currency in Pune. The police have seized about 43.4 crores worth of Indian money and 4.2 crores worth of foreign currency. Moreover, one among the six arrested in this action is an Army Jawan. As per the information emerged, these accused […]
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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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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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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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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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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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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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