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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India to extend support for ‘No Money For Terror’

India to extend support for ‘No Money For Terror’

Melbourne: While there are international bans on Lashkar-e-Taiba and Jamaat-Ud-Dawa, Falah-e-Insaniyat working for these terrorist groups is still active. India also pointed out that It is also imperative to take action against those organisations that work for terrorist groups. Minister of State for Home Affairs G. Kishan Reddy presented India’s role in the ‘No money for terror’ conference […]

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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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NYSE owner ICE launches Bitcoin Futures contract

NYSE owner ICE launches Bitcoin Futures contract

New York: The US company, Intercontinental Exchange (ICE) that owns the New York Stock Exchange (NYSE), which is the largest stock exchange in the world, has launched Bitcoin Futures trading in the cryptocurrency. The first trade on Future’s Exchange started on Sunday at 8.00 pm, US time and the company informed that the first transaction […]

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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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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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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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