China strides to increase the use of digital Yuan

China strides to increase the use of digital Yuan

Beijing: – The Chinese communist regime has expedited moves to take the lead in the digital currency sector. The Chinese central bank has decided to gift 40 million digital Yuan currency to the residents of Beijing through a lottery system. This is the third instance of the Chinese government giving the digital Yuan currency in […]

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Government will review stand regarding use of cryptocurrency and other technologies: Minister of State for Finance Anurag Thakur  

Government will review stand regarding use of cryptocurrency and other technologies: Minister of State for Finance Anurag Thakur  

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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Cryptocurrency being misused for terror funding: US Treasury Secretary Janet Yellen

Cryptocurrency being misused for terror funding: US Treasury Secretary Janet Yellen

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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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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