Governments and banks once mocked Bitcoin. Now they want in on it
2 days, 14 hours ago

Governments and banks once mocked Bitcoin. Now they want in on it

Al Jazeera  

After topping $100,000, Bitcoin supporters see the cryptocurrency soaring even higher. Despite once labelling Bitcoin “a scam”, Trump has emerged as arguably the world’s most powerful advocate for the asset. “There’s now this growing feeling that the 21st century will be the century of Bitcoin.” Keiser spotted Bitcoin’s potential early on and advised people to buy it when its value was only $1 in 2011. “People were seeing their currencies being devalued… People were saying: ‘I’m losing all my money, what am I going to do?’ They can’t afford to buy gold, so they started buying whatever they could in cryptocurrencies like Bitcoin, so that kept it strong,” Celente told Al Jazeera. “The end result will be larger trade deficits, a weaker dollar, higher inflation, and a lower standard of living.” Even as Trump’s positive stance towards Bitcoin has thrilled crypto enthusiasts, some pro-crypto governments have reined in their support of the sector.

Money Trump Crypto Digital Bitcoin Currency Central Banks Value Sec Going Imf El Salvador Asset Market Cap Tri Keiser Cbdc Lummis Celente Sobrado  bitcoin  bitcoins  money  crypto  mocked  governments  currency  going  value  digital  asset  central  banks

History of this topic

Sustaining BTC Push: Here’s What Can Support Bitcoin’s Unprecedented Growth In 2025
6 days, 5 hours ago

Sustaining BTC Push: Here’s What Can Support Bitcoin’s Unprecedented Growth In 2025

ABP News  

December 6, 2024, was the most memorable milestone for Bitcoin when the world’s largest cryptocurrency crossed the $100,000 level for the first time during its existence. Around the world, even countries like Bhutan are having a major governmental participation in this new-age asset, whereas established world powers like Russia are also looking to develop a crypto reserve — an aspect …

Crypto frenzy: With Bitcoin above $100,000, will ‘Hodlers’ have the last laugh?
1 week ago

Crypto frenzy: With Bitcoin above $100,000, will ‘Hodlers’ have the last laugh?

Live Mint  

What is there to say with Bitcoin above $100,000 for those of us who thought $10,000 looked nuts? The flip-side of having no intrinsic value and a decentralized architecture with a huge energy footprint means that nobody uses Bitcoin to buy groceries, though: Only 7% of US consumers hold Bitcoin, and a survey published last month by the UK Financial …

De-dollarization debate: The US-led West should rethink its dollar diplomacy
1 week, 5 days ago

De-dollarization debate: The US-led West should rethink its dollar diplomacy

Live Mint  

Amid the recent maelstrom of political news was an important development for the future of technology-enabled public money. Conceived in 2022 as a clearing-house for central-bank digital currencies, mBridge had anchored the BIS’s own work towards a global interbank settlement system to connect CBDCs beyond the control of any single government. It was intermediated private money that exported Western rules …

Bitcoin reflects a fast changing global financial system landscape
2 weeks ago

Bitcoin reflects a fast changing global financial system landscape

China Daily  

The price of Bitcoin has exceeded $100,000 recently. The development of the financial internet model will have an important impact on the cryptocurrency market and the global financial infrastructure. The cryptocurrency market represented by Bitcoin will become an important part of the global financial system, and Bitcoin's market value will continue to expand with the development of the entire market. …

Bitcoin beats regulatory hurdles, hits $100K level
Trending News
2 weeks, 3 days ago

Bitcoin beats regulatory hurdles, hits $100K level

New Indian Express  

NEW DELHI: Despite regulatory uncertainties around the globe, Bitcoin prices on Thursday breached the psychologically important level of $100,000, surging nearly 133% over the last one year. Bitcoin prices have risen by over 50% since the US presidential Election Day in anticipation that the Trump administration will ease regulatory hurdles and create a more favourable environment for digital assets. The …

With bitcoin ticking closer to $100,000, here’s a refresher on cryptocurrency
4 weeks, 1 day ago

With bitcoin ticking closer to $100,000, here’s a refresher on cryptocurrency

LA Times  

Bitcoin’s value rocketed more than 40% in just two weeks. Despite crypto’s recent excitement around Trump, McCarthy said that 2024 has already been a “hugely consequential year for regulation in the U.S.” — pointing to January’s approval of spot bitcoin exchange-traded funds, for example, which mark a new way to invest in the asset. Spot ETFs have been the dominant …

Bitcoin nears $100,000 as investors bet on crypto-friendly Trump policies
Top News
1 month ago

Bitcoin nears $100,000 as investors bet on crypto-friendly Trump policies

Al Jazeera  

World’s popular digital currency rises as high as $99,073 on expectations Trump will ease legal and regulatory hurdles. Bitcoin is nearing the $100,000 mark as crypto enthusiasts bet that United States President-elect Donald Trump will usher in a more welcoming regulatory environment for digital assets. The commodity has risen more than 60 percent since election day as investors anticipate Trump’s …

Why Bitcoin, cryptocurrencies often face political heat? Virtual currency's legal status, its future explained
1 month ago

Why Bitcoin, cryptocurrencies often face political heat? Virtual currency's legal status, its future explained

India TV News  

Amit intense poll battle in Maharashtra, just a day before crucial voting in the state assembly elections, the Bharatiya Janata Party alleged National Congress Party leader Supriya Sule and state Congress chief Nana Patole's involvement in a cryptocurrency fraud. The Reserve Bank of India too has been skeptical about the use of private crypto assets and considers it as a …

Bitcoin around $90,000 after 3% drop as traders assess Donald Trump’s impact on crypto
1 month ago

Bitcoin around $90,000 after 3% drop as traders assess Donald Trump’s impact on crypto

Live Mint  

Bitcoin, the world's largest cryptocurrency, is hovering around the $90,000 range after it saw its biggest drop this weekend since the 2024 US presidential elections concluded, according to a Bloomberg report. Traders in Assessing Mode IG Australia Pty Market Analyst Tony Sycamore wrote in a note that Bitcoin became “overheated” after the US election results. The drop was due to …

Mint Quick Edit | Crypto’s comeback: Don’t over-read it
1 month, 1 week ago

Mint Quick Edit | Crypto’s comeback: Don’t over-read it

Live Mint  

Bitcoin and cryptocurrencies in general got supercharged by Donald Trump’s victory in the US presidential election. Trump had said he would make America the “Bitcoin and cryptocurrency capital of the world," and hinted at an easier regulatory regime for digital tokens that are often frowned upon by financial regulators for having no underlying value. A Standard Chartered note, for instance, …

Record-breaking bitcoin rally nears $90,000 on Trump boost
1 month, 1 week ago

Record-breaking bitcoin rally nears $90,000 on Trump boost

The Hindu  

Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. Trump embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin. "I think …

Bitcoin's comeback: Will it cross the $100,000 mark soon?
1 month, 1 week ago

Bitcoin's comeback: Will it cross the $100,000 mark soon?

India Today  

Bitcoin has surged to a record high, going past $89,000 on Tuesday following the recent US elections, where Donald Trump secured another term. Many investors view the newly elected administration’s pro-crypto stance as a signal for positive regulatory support, which could make Bitcoin an even more attractive investment. The $100,000 mark is indeed the next major psychological milestone for Bitcoin.” …

Bitcoin hits new highs: Is Trump’s pro-crypto agenda the catalyst?
1 month, 1 week ago

Bitcoin hits new highs: Is Trump’s pro-crypto agenda the catalyst?

Firstpost  

Donald Trump’s re-election has sparked a crypto frenzy, sending Bitcoin soaring past $80,000 as investors anticipate a friendlier regulatory landscape. With Trump pledging to make the US the ‘crypto capital of the world’ and even proposing a national Bitcoin reserve, digital assets are gaining unprecedented momentum Republican presidential nominee and former US President Donald Trump speaks at the Bitcoin 2024 …

Bitcoin crosses $82,000 as Trump's return fuels optimism for crypto
Trending News
1 month, 1 week ago

Bitcoin crosses $82,000 as Trump's return fuels optimism for crypto

India Today  

Bitcoin crossed the $82,000 threshold for the first time on Monday, November 11, driven by renewed investor interest following Donald Trump’s re-election as US president. A higher premium suggests strong buying interest from US-based investors, potentially signalling institutional demand behind Bitcoin’s recent rally. BY THE NUMBER Bitcoin’s value has surged 94 per cent in 2024, boosted by a combination of …

Crypto's New World Order: Who's Rising to the Top in 2024?
9 months, 1 week ago

Crypto's New World Order: Who's Rising to the Top in 2024?

Deccan Chronicle  

In 2024, the cryptocurrency landscape is undergoing significant shifts, with new players emerging and established leaders adapting to the evolving market dynamics. As the industry continues to mature, a new world order is taking shape, reshaping the power dynamics and influencing the future trajectory of digital assets. Projects like China's Digital Currency Electronic Payment and the European Central Bank's digital …

Bitcoin price briefly tops $69,000 for new all-time high
9 months, 2 weeks ago

Bitcoin price briefly tops $69,000 for new all-time high

Hindustan Times  

Bitcoin surged to a record for the first time in more than two years, yet the original cryptocurrency didn’t stay at its new all-time high very long as many traders appear to have taken the opportunity to book some profit. The net inflow of almost $8 billion in less than two months is colliding with a looming reduction in Bitcoin’s …

Over $1 billion liquidated from the cryptocurrency market in 24 hours
9 months, 2 weeks ago

Over $1 billion liquidated from the cryptocurrency market in 24 hours

Live Mint  

Over $1 billion liquidated from the cryptocurrency market over the past 24 hours. This was followed by Bitcoin surging to a new all-time high in more than two years, yet the original cryptocurrency didn’t stay at its new all-time high very long as many traders appear to have taken the opportunity to book some profit. The token soared as much …

Bitcoin Is Up But the Future of Money Lies Elsewhere
9 months, 2 weeks ago

Bitcoin Is Up But the Future of Money Lies Elsewhere

Bloomberg  

A new form of digital money is going viral, capturing tens of millions of users, billions of transactions and the attention of global central banks. Launched in 2020, the initial idea behind Pix — as with all good fintech solutions — was to boost financial inclusion, loosen the grip of a concentrated banking system and make payments quicker and more …

Central bank digital currency simplest fix for banking
1 year, 8 months ago

Central bank digital currency simplest fix for banking

China Daily  

Last year, the Nobel Prize in Economics went to two economists who study the dynamics of bank runs, as well as to former US Federal Reserve chair Ben Bernanke for his work analyzing how central banks have dealt with some of history's worst banking crises, such as those in the Great Depression of the 1930s. A country's monetary authority could …

Bitcoin at 9-month high following SVB, Signature Bank collapse, rose 26% just last week
1 year, 9 months ago

Bitcoin at 9-month high following SVB, Signature Bank collapse, rose 26% just last week

Firstpost  

The collapse of SVB and Signature Bank in the US, and the issues with Credit Suisse in Europe is seeing investors move towards cryptos again, particularly Bitcoin, which grew by 26 per cent just last week and continues to grow. With the US banking sector all shaken up with the collapse of SVB and then Signature, followed by the Credit …

UK considering launch of digital currency called ‘Britcoin’
1 year, 10 months ago

UK considering launch of digital currency called ‘Britcoin’

Live Mint  

Britcoin is moving closer to reality. UK authorities on Monday said British businesses and consumers are likely to need a digital version of the pound, formally asking for public comment on the idea of introducing a central bank digital currency. “That's why we want to investigate what is possible first, whilst always making sure we protect financial stability.” The call …

Hoarding ‘Britcoin’ to be banned over bank run fears under Sunak’s digital currency proposals
1 year, 10 months ago

Hoarding ‘Britcoin’ to be banned over bank run fears under Sunak’s digital currency proposals

The Telegraph  

Consumers will be blocked from hoarding new “digital pounds” issued by the Bank of England because officials fear a run on high street banks, according to a consultation paper that suggests a new form of money could be introduced by 2030. Governor Andrew Bailey and Chancellor Jeremy Hunt revealed a roadmap on Monday night for creating a new central bank …

‘Digital pound’ possible by 2030 in bid to combat falling use of cash
1 year, 10 months ago

‘Digital pound’ possible by 2030 in bid to combat falling use of cash

The Telegraph  

The Bank of England and Treasury will next week throw their weight behind a "digital pound" as they set out a roadmap to introduce a new central bank currency by 2030. The decision by Mr Hunt and Mr Bailey to throw their weight behind the project comes almost two years after Prime Minister Rishi Sunak set up a taskforce as …

Digital currency to further bolster digital economy, make payment system more efficient: RBI
1 year, 10 months ago

Digital currency to further bolster digital economy, make payment system more efficient: RBI

India TV News  

RBI Executive Director Ajay Kumar Choudhary on Wednesday the digital currency will further bolster the digital economy, make the payment system more efficient and reduce the cost involved in physical cash management. Central Bank Digital Currency The RBI has already launched pilots of CBDC in wholesale and retail segments last year. He said the key motivation for exploring the issuance …

Crypto collapse brings focus to digital assets ’true value’: Raghuram Rajan
1 year, 11 months ago

Crypto collapse brings focus to digital assets ’true value’: Raghuram Rajan

Live Mint  

The collapse in the prices of digital assets over the past year will allow investors to focus on the "true value" of this new technology, the distributed ledger and the smart contracts that can be built on them, former Reserve Bank of India Governor Raghuram Rajan said on Wednesday. That's nonsense," Rajan said on the sidelines of the World Economic …

Bitcoin is a ‘hyped-up fraud’, says JP Morgan chief
1 year, 11 months ago

Bitcoin is a ‘hyped-up fraud’, says JP Morgan chief

The Telegraph  

The billionaire chairman of JP Morgan, Jamie Dimon, has called Bitcoin a “hyped-up fraud” and the financial equivalent of a “pet rock” as financial chiefs turn against digital currencies. Mr Dimon called cryptocurrencies a “waste of time” in comments at the World Economic Forum in Davos. It's a technology we think will be deployable.” Speaking to CNBC, Mr Dimon added …

Bitcoin rally shows that where tech stocks go, cryptocurrencies follow
1 year, 11 months ago

Bitcoin rally shows that where tech stocks go, cryptocurrencies follow

LA Times  

Wall Street, rather than forecasting a sudden renewal of crypto mania, sees the gains as a result of a change in investor sentiment that is lifting technology shares and other risky holdings. Bitcoin rose as much as 4.5% on Thursday to trade around $18,356, its highest since early November, when the first signs of trouble at the FTX exchange began …

Digital rupee not the magic bullet Central government is hoping for
1 year, 11 months ago

Digital rupee not the magic bullet Central government is hoping for

The Hindu  

Published : Dec 29, 2022 10:30 IST In recent times, the financial world has been in a state of excitement after the Reserve Bank of India announced the launch of the pilot for a retail digital rupee on December 1. Crypto gamble It is to be noted that with the threat of cryptocurrency, which began with Bitcoin in 2009, now …

Next Financial Crisis Will Come From Private Cryptocurrencies, Says RBI Governor Shaktikanta Das
2 years ago

Next Financial Crisis Will Come From Private Cryptocurrencies, Says RBI Governor Shaktikanta Das

News 18  

RBI Governor Shaktikanta Das on Wednesday said the biggest concern with the private cryptocurrencies like Bitcoin and Ethereum is that they do not have any underlying value, and if they are allowed to grow, the next financial crisis will come from them. If you allow it to grow, the next financial crisis will come from private cryptocurrencies.” Das has in …

CBDC is the UPI Moment for Fintechs: Rise of CBDC and Death of Crypto - News18
2 years ago

CBDC is the UPI Moment for Fintechs: Rise of CBDC and Death of Crypto - News18

News 18  

The fall of fraudulent and failing crypto exchanges is coinciding with the rise of CBDC across the world. CBDC, when programmed to be part of a smart contract, will reduce these layers of paper contracts and checks thus reducing the cost of trade or transactions both local and international. The promise of lower cost and reducing the global banks hegemony …

Experts Explain Benefits And Technological Challenges Of Digital Rupee
2 years ago

Experts Explain Benefits And Technological Challenges Of Digital Rupee

ABP News  

India’s first pilot project on retail digital rupee was rolled out by the Reserve Bank of India on Thursday in Mumbai, New Delhi, Bengaluru, and Bhubaneswar. The retail digital rupee project has started in a closed user group with the participation of four lenders – State Bank of India, ICICI Bank, YES Bank, and IDFC First Bank – as well …

How the RBI's digital currency can help economy
2 years ago

How the RBI's digital currency can help economy

Live Mint  

Readers of a certain age group might remember Ramon Bonus Stamps. What's driving FIIs’ bullish bets on Nifty IIT-K student hits record ₹4 cr placement jackpot Story takes a turn for PVR, Inox Leisure after a flop Q2 How young Indian couples budget for their weddings Imagine different currencies competing for dominance in usage without any sovereign backing. That is …

Time is right for a digital rupee
2 years ago

Time is right for a digital rupee

Hindustan Times  

Starting this month, the Reserve Bank of India will begin a pilot project that will put a digital rupee, or e ₹, in the hands of individuals. In simple terms, a CBDC is the closest virtual equivalent of cash with the liability for its value resting directly with the central bank, instead of — as is the case at present …

Spare a thought for the trilemma of central bank digital currencies
2 years, 1 month ago

Spare a thought for the trilemma of central bank digital currencies

Live Mint  

Central banks around the world continue to contemplate issuing their own digital currencies. Yet another motivation for the stampede to CBDCs is the inchoate belief that financial and even geopolitical primacy will turn on which central banks are quickest to issue one. Ultimately, central banks face a ‘trilemma’ when contemplating CBDC issuance. Central banks can have only two of three …

Binance CEO sees no threat to crypto from central banks' digital currencies
2 years, 1 month ago

Binance CEO sees no threat to crypto from central banks' digital currencies

The Hindu  

Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as they would validate blockchain technology and build trust among sceptics, the CEO of the world's largest crypto exchange, Binance, said on Wednesday. Most major central banks, including the U.S. Federal Reserve, the Bank of England and the European Central Bank, are studying the potential …

Central Bank Digital Currency is going to be a major transformation in the way business is done: RBI Governor Shaktikanta Das
2 years, 1 month ago

Central Bank Digital Currency is going to be a major transformation in the way business is done: RBI Governor Shaktikanta Das

The Hindu  

Reserve Bank of India Governor Shaktikanta Das said Central Bank Digital Currency is going to be a major transformation in the way business is done — the way transactions are conducted and highlighted that RBI is among the very few central banks in the world which have taken this initiative. While addressing FIBAC on November 2, Governor Shaktikanta Das said, …

Investing In Digital Currency: How To Drive Up The Value Of Your Portfolio
2 years, 1 month ago

Investing In Digital Currency: How To Drive Up The Value Of Your Portfolio

ABP News  

Cryptocurrency, central bank digital currencies, and stablecoins are not just currencies in trend. Millennials are now gravitating towards cryptocurrency as macroeconomic uncertainty, affecting the value of fiat, continues to linger in the market. Here are some tips that can help you in elevating the value of your digital assets: Staking DeFi staking is the practice of safeguarding your cryptocurrency holdings …

RBI to soon launch e-rupee on pilot basis for limited use
2 years, 2 months ago

RBI to soon launch e-rupee on pilot basis for limited use

India TV News  

Digital money : The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India. "As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e-rupee, from time to time," the central bank …

Emergence Of Digital Assets In Wealth-Tech Space And Why This Is The Future Of Investment
2 years, 3 months ago

Emergence Of Digital Assets In Wealth-Tech Space And Why This Is The Future Of Investment

ABP News  

The past few years have seen the emergence of digital assets within the global financial markets. Furthermore, to gain more value on their investments, investors and traders are gradually moving from traditional markets to multi-use digital assets. As a result, they must take consistent steps to enter these markets sooner and prioritise digital assets as they would any other wealth-generating …

US Treasury recommends exploring creation of a digital dollar
2 years, 3 months ago

US Treasury recommends exploring creation of a digital dollar

Deccan Chronicle  

WASHINGTON: The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the US role as a leader in the world financial system. Treasury Secretary Janet Yellen said one Treasury recommendation is that the U.S. “advance policy and technical work on a potential central bank digital …

Treasury recommends exploring creation of a digital dollar
2 years, 3 months ago

Treasury recommends exploring creation of a digital dollar

Associated Press  

WASHINGTON — The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system. Treasury Secretary Janet Yellen said one Treasury recommendation is that the U.S. “advance policy and technical work on a potential central bank …

Binance cryptocurrency exchange is seeing a rise in clients and users due to inflation
2 years, 4 months ago

Binance cryptocurrency exchange is seeing a rise in clients and users due to inflation

The Hindu  

Binance, the world's largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, an executive told Reuters on Wednesday, without disclosing numbers. "Now that we are seeing inflation ramping up worldwide, we are seeing that more and more people are seeking cryptocurrency, like Bitcoin, as a …

Reserve Bank of Australia Central Bank testing CBDC cryptocurrency
2 years, 4 months ago

Reserve Bank of Australia Central Bank testing CBDC cryptocurrency

The Hindu  

Australia's central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency in Australia, focusing on what potential economic benefits it might bring. The Reserve Bank of Australia is partnering with the Digital Finance Cooperative Research Centre, a government-backed industry group, in the program. The project will seek to identify …

Phased implementation of digital currency for wholesale, retail segments in the works: RBI official
2 years, 5 months ago

Phased implementation of digital currency for wholesale, retail segments in the works: RBI official

The Hindu  

The Reserve Bank of India is in the process of implementing the Central Bank Digital Currency in a phased manner for wholesale and retail segments, an official said on Wednesday. The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act, 1934 have been …

Cryptos Are 'Clear Danger'; Value Is Based On Make-Believe, Says RBI Governor Das
2 years, 5 months ago

Cryptos Are 'Clear Danger'; Value Is Based On Make-Believe, Says RBI Governor Das

News 18  

Reserve Bank of India Governor Shaktikanta Das has said cryptocurrencies are a “clear danger” and anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name. As the financial system gets increasingly digitalised, cyber risks are growing and need special attention,” Das said in the RBI’s ‘Financial Stability Report, June 2022’. “Technological advances powered …

Bitcoin recovers, climbs 7.6% to pass $20,400
2 years, 6 months ago

Bitcoin recovers, climbs 7.6% to pass $20,400

The Hindu  

Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday said the rise in Bitcoin was likely the result of retail investors buying up the digital currency over the weekend, when few professional traders are working. …

Does the recent cryptocurrency crash pose a threat to global financial system?
2 years, 7 months ago

Does the recent cryptocurrency crash pose a threat to global financial system?

Live Mint  

On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap, as investors fret about tightening monetary policy. While data on the proportion of retail versus institutional investors in the crypto market is hard to come by, …

Bitcoin value drops by 50% since November peak
2 years, 7 months ago

Bitcoin value drops by 50% since November peak

India TV News  

Highlights The value of Bitcoin has dropped below $34,000 Stock markets around the world also dropped in recent days Bitcoin accounts for about a third of the cryptocurrency market with a total value of $650bn The value of Bitcoin continued to fall over the weekend as it dropped below $34,000, according to the Coinbase cryptocurrency exchange, BBC reported. The world's …

Explained: RBI’s digital currency plans
2 years, 10 months ago

Explained: RBI’s digital currency plans

The Hindu  

The story so far: In the Budget presented for 2022-23, Finance Minister Nirmala Sitharaman had announced the introduction of India’s Central Bank Digital Currency and that the digital rupee would give a ‘big boost’ to digital economy. Central banks also believe that the cost of issuing digital currencies is far lower than the cost of printing and distributing physical cash. …

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