Shaktikanta Das

Photo: The Economic Times

RBI To Soon Adopt CBDC, Discusses Introduction Of Graded Approach

RBI has expressed positivity towards introducing a graded approach to adopt Central Bank Digital Currency (CBDC). It stated that the CBDC will be introduced in conformity with the objectives of the monetary policy, financial stability and efficient operations of currency and payments systems. Currently, the RBI is reportedly studying the design elements of CBDC after evaluating the pros and cons of introducing such a thing in India.

Sat, 28 May 2022 - 11:03 AM / by Shibu Immanuel S

Tags: CBDC, Digital Currency, RBI, Shakti Kanta Das, Currency

Courtesy: ANI

Bitcoin Price Increased

Photo: The Balance

Bitcoin Surges By 7.5%, Reaches $67,630

Bitcoin, one of the most known crypto currency in the globe, set a historical record. As per the Trading Data, the price of Bitcoin hit an all time high above $67,000. The crypto currency on Binance increased by over 7.5 percent on November 8 to $67,630. Binance is known to be the largest crypto currency exchange in terms of trading volume. 

Tue, 09 Nov 2021 - 01:06 PM / by Nehal Surana

Tags: Bitcoin, Cryptocurrency, Digital Currency, World news, Currency

RBI governor Shaktikanta Das.

Photo: The Hindu

RBI To Start Trail For First Digital Currency Trail Programme By Dec

In an attempt to digitise the Indian Rupee, India is likely to start the first digital currency trail programmes by the end of 2021, said the RBI's governor Shaktikanta Das. The currency is basically the digital version of hard currency and would be called central bank digital currencies. Under the trial, the RBI will study various aspects such as its security, impact on the financial sector, and Monetary policy.

Sat, 28 Aug 2021 - 06:37 PM / by Brijesh Goswami

Tags: RBI, Digital Rupee, Trail, Digital Currency, Central Bank

Courtesy: CNBC


Photo: Bitcointe

RBI Likely To Launch India's Own Digital Currency In Phases

Deputy Governor of Reserve Bank of India (RBI), T Rabi Sankar, said that the central bank was considering to lunch India's own digital currency in a phased manner, backed by sovereign so that the country can reiterate its position in the payment system field. Sankar also hinted that the RBI's stand on private cryptocurrencies remains unchanged and that if everything is successful, India will enter a new digital era.

Sun, 25 Jul 2021 - 10:46 AM / by Balaji L

Tags: Central Bank, Digital Currency, RBI, India

Courtesy: Tech Crunch


Photo: Gadgets 360

Cryptocurrency May Lead To Illegal Financing, Says Retired Commissioner

Illegal activities like terror funding and money laundering have become rampant in the era of cryptocurrency. “Pattern and sources of financing have undergone a massive shift due to pandemic-related stress. This has made it very difficult for authorities to track... inflow of money,” said BK Singh, a retired Joint Commissioner, Delhi Police. IMF stressed the dangers of such activities taking place that may adversely affect countries.

Thu, 01 Jul 2021 - 11:08 AM / by Sohini Mandal

Tags: Cryptocurrency, Terror funding, MONEY LAUNDERING, Digital Currency

Courtesy: The Economic Times


Photo: Paypal

PayPal Enters Cryptocurrency Market, To Allow Transactions From 2021

US-based payment processing company, PayPal, on October 21 announced its entry into the cryptocurrency market. The company stated that using its online wallets, customers can purchase and sell bitcoins, which can be used for other transactions from early 2021. Reportedly, PayPal has also received a conditional cryptocurrency licence from the US authorities. The company's CEO believed that it can play an important role in the "digital-currency… read-more

Wed, 21 Oct 2020 - 08:43 PM / by Mahadevan K V

Tags: Cryptocurrency, Bitcoins, Paypal, Digital Currency

Courtesy: Reuters