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40 Results Found
  • Central Bank Digital Currencies have a role to play in commercial banking, and how! Jun 02, 2021 08:52 AM IST

    Central Bank Digital Currencies have a role to play in commercial banking, and how!

    Governments and central banks may work symbiotically with commercial banks to challenge large tech, e-commerce and fintech companies as well as cryptocurrencies from dominating the payments settlement space 

  • Cryptocurrencies will democratise finance the way Internet did for information Jun 01, 2021 10:50 AM IST

    Cryptocurrencies will democratise finance the way Internet did for information

    Positive regulation is going to tremendously help the adoption of this digital asset. With regulation, and adoption, the cryptocurrency market will become mature and mainstreamed 

  • Government must regulate and instil trust in crypto asset market May 28, 2021 01:03 PM IST

    Government must regulate and instil trust in crypto asset market

    The crypto asset market in India is worth $15 billion, and currently has about 6 million users 

  • Still getting your head around digital currency? So are central bankers Apr 27, 2021 05:19 PM IST

    Still getting your head around digital currency? So are central bankers

    Global central banks are experimenting with digital payment offerings, fuelling concerns that the Fed might fall behind the curve

  • Is China setting the future agenda for central bank digital currencies? Apr 12, 2021 09:45 AM IST

    Is China setting the future agenda for central bank digital currencies?

    The Chinese policymakers realise that even if China is on top of the world economic order, it is highly likely that the USD will maintain its dominance 

  • Won't 'shut off' all cryptocurrencies, allow window for experiments on blockchain: Nirmala Sitharaman Mar 14, 2021 10:50 PM IST

    Won't 'shut off' all cryptocurrencies, allow window for experiments on blockchain: Nirmala Sitharaman

    Finance Minister Nirmala Sitharaman said since financial technology (fintech) companies depend on blockchain, which are considered to be backbone of cryptocurrencies, they should have a window available.

  • Digital currencies may increase financial transparency but pose risk of disintermediation of banking system: RBI Feb 28, 2021 03:38 PM IST

    Digital currencies may increase financial transparency but pose risk of disintermediation of banking system: RBI

    The RBI observed that CBDC can be designed to endorse financial inclusion by direct benefit transfer, endorse non-anonymity at a personal level and regulate transactions. Adding more, the RBI added that CBDC can help pump central bank ‘helicopter money’.

  • Explained | What's a Bitcoin and why are there concerns over it? Feb 26, 2021 11:07 AM IST

    Explained | What's a Bitcoin and why are there concerns over it?

    Bitcoin is the world’s first decentralised cryptocurrency. Since its launch in 2009, Bitcoin’s prices have both hit the roof and rock bottom multiple times. In this segment, our very own Anand Narasimhan explains the concept of digital currency and concerns surrounding Bitcoin. Watch the video for more.

  • Regulate instead of banning cryptocurrencies in India, say entrepreneurs Jan 30, 2021 10:48 PM IST

    Regulate instead of banning cryptocurrencies in India, say entrepreneurs

    The Regulation of Official Digital Currency Bill, 2021 is likely to be introduced in the Budget Session of Parliament. The bill, if passed, will prohibit the use of cryptocurrency as legal tender and currency.

  • Exploring possibility of central bank digital currency in India, says RBI Jan 25, 2021 06:43 PM IST

    Exploring possibility of central bank digital currency in India, says RBI

    In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks.

  • Bitcoin surpasses $38,000 for first time, lifts cryptocurrency market value above $1 trillion Jan 07, 2021 08:14 PM IST

    Bitcoin surpasses $38,000 for first time, lifts cryptocurrency market value above $1 trillion

    In the early hours of Thursday, the digital coin hit an all time high of $38,169 by rising 6 percent and quadrupled in the past year. The digital currency was trading above $35,000 for the first time in Asia on Wednesday, rising to a high of $35,879.

  • G7 finance officials back need to regulate digital currencies: US Treasury Dec 07, 2020 10:48 PM IST

    G7 finance officials back need to regulate digital currencies: US Treasury

    German Finance Minister Olaf Scholz issued a sharply worded statement after the meeting, underscoring his concerns about authorizing the launch of Facebook's Libra cryptocurrency - newly renamed Diem - in Germany and Europe.

  • Tech | What to expect from Facebook’s Libra 2.0? May 12, 2020 03:28 PM IST

    Tech | What to expect from Facebook’s Libra 2.0?

    While the Libra Association has come out with a new digital currency, expect authorities running fiat currencies to continue their criticism

  • Crypto ban | How RBI lost the match in the last over Mar 06, 2020 09:08 AM IST

    Crypto ban | How RBI lost the match in the last over

    With the Supreme Court striking down the RBI order banning virtual currencies, it’s time for the digital payments and virtual currency businesses to start working together

  • Who will be the king of digital currency? Bets are off Dec 04, 2019 11:53 AM IST

    Who will be the king of digital currency? Bets are off

    From a hands-off approach to a gradual embrace, central banks are fighting a pitched battle to assert their digital monetary supremacy

  • Facebook's Mark Zuckerberg grilled in US Congress on digital currency, privacy, elections Oct 24, 2019 07:50 AM IST

    Facebook's Mark Zuckerberg grilled in US Congress on digital currency, privacy, elections

    Sporting a suit and tie, Zuckerberg also fended off aggressive questions on election interference, free speech, hate groups and fake news from members of the U.S. House of Representatives Financial Services Committee.

  • Japan digital currency exchange hacked, losing $60 million Sep 20, 2018 03:50 PM IST

    Japan digital currency exchange hacked, losing $60 million

    The exchange was taken offline until details of the damage could be confirmed, and efforts were underway to get it back working, Tech Bureau said.

  • Digital currency sales hit $13.7 billion in first five months of 2018: Report Jun 29, 2018 10:24 AM IST

    Digital currency sales hit $13.7 billion in first five months of 2018: Report

    Blockchain, the technology that underpins bitcoin and other digital currencies, is a digital ledger that provides a secure way of making and recording transactions.

  • Marshall Islands creates its own virtual money to pay bills Mar 04, 2018 09:45 AM IST

    Marshall Islands creates its own virtual money to pay bills

    The Pacific island nation said it became the first country in the world to recognise a cryptocurrency as its legal tender when it passed a law this past week to create the digital "Sovereign," or SOV. In the nation of 60,000, the cryptocurrency will have equal status with the US dollar as a form of payment.

  • Bitcoin extends slide, falls below $7,000 Feb 06, 2018 08:07 AM IST

    Bitcoin extends slide, falls below $7,000

    On the Luxembourg-based Bitstamp exchange, bitcoin fell as low as $6,853.53 in early afternoon trading in New York. That marked a fall of more than half from a peak of almost $20,000 hit in December.

  • Central banks have considered issuing cryptocurrencies: Italy Economy Minister Jan 31, 2018 07:25 PM IST

    Central banks have considered issuing cryptocurrencies: Italy Economy Minister

    Digital currencies like bitcoin, which are created and maintained by their users, have taken the investment world by storm

  • Bitcoin and ethereum suffered massive drops, but many cryptocurrencies are faring even worse Jan 17, 2018 08:08 AM IST

    Bitcoin and ethereum suffered massive drops, but many cryptocurrencies are faring even worse

    All of the top 20 digital currencies — by market value — suffered double digit losses over the last 24 hours, according to data from industry website CoinMarketCap.

  • Venezuela to create digital currency amid financing crisis Dec 04, 2017 08:00 AM IST

    Venezuela to create digital currency amid financing crisis

    It will be called the Petro and be backed up by Venezuela's reserves of oil and gas and its gold and diamond holdings, the president said in his weekly television program.

  • Bitcoin's roaring rally continues, tops $1700; $2500-3500 seen by 2017 end May 09, 2017 10:23 PM IST

    Bitcoin's roaring rally continues, tops $1700; $2500-3500 seen by 2017 end

    Sandeep Goenka, co-founder of Zebpay predicts bitcoin prices to be in the range of USD 2,500 to USD 3,500 by the end of 2017.

  • Modi govt warns against use of Bitcoins, says can attract anti-money laundering law Mar 28, 2017 07:07 PM IST

    Modi govt warns against use of Bitcoins, says can attract anti-money laundering law

    The RBI had earlier warned that anyone dealing with virtual currencies would be doing so at his/her own risk.

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