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Latest Articles in cryptocurrencies

Cryptocurrencies Can Become A Major Threat To Stability Of Country's Financial System, Warns RBI

Reserve Bank Governor Shaktikanta Das, presented their views before the Parliamentary Standing Committee on Finance headed by former Minister of State for Finance Jayant Sinha

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Cryptocurrencies Can Lead To Dollarisation Of Economy: RBI Officials

Pointing out that cryptocurrencies have the potential to be a medium of exchange and replace the rupee in financial transactions both domestic and cross border, central bank officials said these currencies "can replace a part of monetary system it will also undermine the RBI's capacity to regulate the flow of money in the system"

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Govt Prepared To Take Forward Blockchain Technology: FM

Sitharaman said that cryptocurrencies can also be rigged for money laundering or terrorist funding

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No Plans To Introduce Cryptocurrency, Says Govt

Currently, cryptocurrencies are unregulated in India, Minister of State for Finance Pankaj Chaudhary informed Rajya Sabha.

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All You Need To Know About Biden's Executive Order On Cryptocurrencies

The executive order specifically requested that the report focus on how a digital dollar could improve financial inclusion, what implications it could have on economic growth and how foreign digital dollars could impact the greenback's status as the world's reserve currency

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Charlie Munger Says Cryptocurrencies Should Have Been Banned Earlier

Munger, 98, spoke while fielding nearly two hours of questions at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publisher and provider of software to courthouses that he chairs

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Govt, RBI In Complete Harmony On Cryptocurrencies: FM Sitharaman

Finance Minister Nirmala Sitharaman said discussions with regard to private cryptocurrencies and central bank-backed digital currency have been going on with the Reserve Bank

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Cryptocurrencies Akin To Ponzi Schemes, Says RBI Deputy

Crypto exchanges and investors have been arguing for regulation of cryptocurrencies as an asset and the government's recent budget annoucement to tax gains from these has raised hopes that the they will not be banned.

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30% Crypto-Tax Imposed On Proceeds Of Digital Assets : Nirmala Sitharaman

Amid Union Budget 2022, Finance Minister on Tuesday announced that RBI will present a digitalised currency in the following monetary year.

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Singapore Central Bank Issues Guidelines To Discourage Crypto Trading By Public

Singapore is a popular location for cryptocurrency companies due to a comparatively clear regulatory and operating environment and is among the forerunners globally in developing a formal licensing framework

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PM Modi Urges Collective Global Effort To Deal With Cryptocurrencies

The prime minister also said that it was the best time to invest in India because the country was willing to become a more trusted partner in global supply chain.

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Cryptowire Rolls Out Global Index 'Cryptocurrencies IC15'

The index tracks and measures the performance of the top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world, CryptoWire said in a statement.

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Pvt Cryptocurrencies Pose Immediate Risks To Customer Protection: RBI

Longer-term concerns relate to capital flow management, financial and macro-economic stability, monetary policy transmission and currency substitution

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IMF Cautions Against Cryptocurrencies, Here's Why

Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds, operating independently of a central bank.

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Rapid Growth And Increasing Adoption Of Crypto Assets Pose Financial Stability, Challenges: IMF

Bank deposits can be transformed to stable coins that allow instant access to a vast array of financial products from digital platforms and allow instant currency conversion

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