Cryptocurrency News Live: RBI To Launch Digital Rupee Today
2 years, 4 months ago

Cryptocurrency News Live: RBI To Launch Digital Rupee Today

ABP News  

Cryptocurrency still remains a mystical subject for many keen investors in India. While cryptos are slowly gaining recognition from investors and regulators alike, with countries and leading brands adopting it as an official tender, there are still a sizeable number of people who wish to invest in crypto, but aren't able to closely track breaking and developing news in the sector, which will help them take note of price movements, major sell-offs, and announcements of new blockchain-based developments. From major market losses to noteworthy declarations, follow this live blog to stay updated with all the latest happenings in the world of crypto. At the time of writing, the global crypto market cap stood at $1.02 trillion, registering a gain of 0.65 per cent in the last 24 hours. Readers are advised to seek expert advice and read offer document along with related important literature on the subject carefully before making any kind of investment whatsoever.

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Pakistan Moves To Legalise Cryptocurrency To Attract Foreign Investment. Will India Follow Suit?
5 days, 6 hours ago

Pakistan Moves To Legalise Cryptocurrency To Attract Foreign Investment. Will India Follow Suit?

ABP News  

Pakistan is making strides toward embracing digital assets by setting the stage for cryptocurrency legalisation. With more nations establishing cryptocurrency regulations, Pakistan’s initiative could position it as a key player in the digital finance sector. Pakistan Crypto Council to Oversee Digital Asset Integration To facilitate the transition, the Pakistan government has reportedly launched the Pakistan Crypto Council, a newly formed …

Realign policies of RBI to changing economic realities
2 weeks, 2 days ago

Realign policies of RBI to changing economic realities

New Indian Express  

Under the new leadership, the Reserve Bank of India is ‘undoing’ some of the measures taken during the previous regime to allow the banking system to breathe easy. By the time Sanjay Malhotra took the reins of the central bank from Shaktikanta Das in December last year, India’s growth had slowed down to 5.6 percent, and the equity market was …

India's Crypto Policy Delayed Further? Report Suggests Re-Evaluation Of Stances By Multiple Jurisdictions
1 month, 3 weeks ago

India's Crypto Policy Delayed Further? Report Suggests Re-Evaluation Of Stances By Multiple Jurisdictions

ABP News  

India is re-evaluating its position on cryptocurrencies following recent international developments, including regulatory changes in major economies, according to a senior Government official, reported Reuters. The decision comes as multiple jurisdictions have softened their stance on digital assets, prompting India to revisit its delayed discussion paper on crypto policy, which was initially expected to be released in September 2024. Crypto …

India reviewing crypto position due to global changes, senior official says
1 month, 3 weeks ago

India reviewing crypto position due to global changes, senior official says

The Hindu  

India is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday. He did not specifically mention the United States, where Mr. Trump last week ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a …

Government is reportedly thinking about changing its stance on cryptocurrency
1 month, 3 weeks ago

Government is reportedly thinking about changing its stance on cryptocurrency

India Today  

India has a rigid cryptocurrency environment, and its stance on the digital currency has been anything but consistent. In December 2023, the Financial Intelligence Unit in India issued show-cause notices to 9 offshore crypto exchanges, including Binance and Kucoin, for non-compliance with local regulations. In 2023, former RBI Governor Shaktikanta Das also represented a critical stand against cryptocurrency in India. …

'We Are Disappointed': Budget 2025 Offers No Relief for Crypto Sector, Industry Voices Concerns
1 month, 3 weeks ago

'We Are Disappointed': Budget 2025 Offers No Relief for Crypto Sector, Industry Voices Concerns

ABP News  

Budget 2025: The crypto industry expressed dismay over the Union Budget 2025, which maintained the current tax structure for Virtual Digital Assets without offering the much-anticipated relief. Shekhar added, "However, with no direction being provided towards the future of Virtual Digital Assets and their regulations has left the huge crypto ecosystem in the country disappointed." 'High Tax Burden Driving Away …

Crypto Week Ahead: Bitcoin Rallies As Donald Trump Is Set to Take Oath As US President
2 months ago

Crypto Week Ahead: Bitcoin Rallies As Donald Trump Is Set to Take Oath As US President

ABP News  

Bitcoin, the world’s oldest and most valuable crypto, has rallied over the weekend as Donald Trump’s inauguration ceremony to assume the US President’s office approaches. Crypto Events To Note The cryptocurrency market has witnessed a sharp wave of liquidations exceeding $1 billion in the last 24 hours, driven by Bitcoin's brief dip below $100,000 after nearing its record high. What …

Crypto tax cuts in Budget 2025? Indian industry hopes for relief from FM Nirmala Sitharaman
2 months, 1 week ago

Crypto tax cuts in Budget 2025? Indian industry hopes for relief from FM Nirmala Sitharaman

Live Mint  

As the Union Budget 2025 approaches, the cryptocurrency industry in India anticipates a more favourable tax and regulatory environment. Crypto sector seeks income tax reforms ahead of Union Budget 2025 "The 1% TDS on crypto transactions led many investors and traders to turn towards foreign exchanges, making it harder for the government to track activity. A reduction of TDS down …

Rupee-backed stablecoins could complement RBI’s digital currency
2 months, 3 weeks ago

Rupee-backed stablecoins could complement RBI’s digital currency

Live Mint  

The past decade has witnessed the astronomical rise of crypto assets around the world. Rupee-backed stablecoins would complement the Reserve Bank of India’s Central Bank Digital Currency, namely the e-rupee that is being tested out. However, the combination of rupee-backed stablecoins and the e-rupee could aid in the creation of an egalitarian and free digital finance ecosystem in India. As …

Indians Have Rejected Crypto. But 2025 Could Change That
3 months ago

Indians Have Rejected Crypto. But 2025 Could Change That

ABP News  

By AR Hemant The BankBazaar Moneymood 2025 survey report reveals a sharp decline in Indians’ interest in cryptocurrency. Of the salaried men and women surveyed in the study, only 12 per cent of Indians invested in crypto in 2024, compared to 32 per cent in 2022​. Taxation and Security Concerns Hurt Crypto The Indian government’s 30 per cent tax on …

Cryptocurrency tax in India: Know how much you will have to pay on Crypto investments
3 months, 2 weeks ago

Cryptocurrency tax in India: Know how much you will have to pay on Crypto investments

India TV News  

Following Donald Trump’s victory in the US presidential elections, the value of cryptocurrencies, including Bitcoin, has skyrocketed. Heavy 30 per cent Tax on Gains In India, cryptocurrencies aren't formally identified as legal tender under the Income Tax Act’s Section 2, which classifies them as Virtual Digital Assets. These provisions mandate: A flat 30 per cent tax on profits earned from …

Is Bitcoin legal in India? What you need to know before buying or selling it
3 months, 2 weeks ago

Is Bitcoin legal in India? What you need to know before buying or selling it

Hindustan Times  

Bitcoin is now all over the headlines having crossed the $100,000 mark over the period of time following crypto supporter Donald Trump's win in US presidential elections. Bitcoin as well as all other cryptocurrencies are legal in India with the Supreme Court ruling in favour of cryptocurrencies, lifting a ban imposed by the Reserve Bank of India prior. It is …

Mint Money Festival: Is it worth investing in cryptocurrencies, an unregulated asset class in India?
3 months, 3 weeks ago

Mint Money Festival: Is it worth investing in cryptocurrencies, an unregulated asset class in India?

Live Mint  

Imagine a fixed-income investment advisor who tried out crypto assets and then got converted. While Pande invested in crypto assets such as Bitcoin, Ethereum, Arbitrum and Uniswap, he continued his systematic investment plans in mutual funds, exchange traded funds and contributions to the National Pension System. It is an asset class for the young generation that understands technology, Ashish Singhal, …

Crypto Week Ahead: Bitcoin Continues Super Bull Run With Eyes Set On $100k
Trending News
4 months ago

Crypto Week Ahead: Bitcoin Continues Super Bull Run With Eyes Set On $100k

ABP News  

Bitcoin, despite continuing bull run, led to a crypto liquidation of $470 million in just 24 hours, leaving an impact on several altcoins, including the likes of Dogecoin and Ripple. Crypto Prices Over The Past Week Last Monday, the overall crypto market cap stood at $3.09 trillion. Check Out Top Crypto Prices Today DeFi's total volume stands at $14.63 billion, …

India on the sidelines as the future of finance dawns
4 months ago

India on the sidelines as the future of finance dawns

Hindustan Times  

In the Trumpian world, bitcoin is soaring. Blockchain is the foundation of cryptocurrencies like Bitcoin but its potential stretches far beyond speculative trading enabling tamper-proof voting systems, transparent supply chains, and decentralized finance. Meanwhile, India’s regulations are so draconian that exchanges like Coinbase won’t even let Indian users buy crypto. Enter Central Bank Digital Currencies, the government’s answer to cryptocurrencies. …

Bitcoin, cryptocurrencies not legal in India
Trending News
4 months ago

Bitcoin, cryptocurrencies not legal in India

Deccan Chronicle  

New Delhi: Bitcoin and cryptocurrency are in news again after allegations were levelled against Congress's Maharashtra president Nana Patole and NCP 's Supriya Sule of being involved in "illegal bitcoin activities" to fund their poll campaign. - Cryptocurrency has no intrinsic value and is not redeemable for another commodity, such as gold - has no physical form and exists only …

Will Bitcoin's revival boost India's appetite for cryptos despite high taxes?
4 months, 1 week ago

Will Bitcoin's revival boost India's appetite for cryptos despite high taxes?

India Today  

Bitcoin has taken the financial world by storm once again, this time surging to a record-breaking $90,000 following Donald Trump's unexpected victory in the US presidential election. TRUMP'S IMPACT ON THE CRYPTO SURGE The crypto market has been riding a wave of optimism following Donald Trump's election as US president, with hopes that his administration will adopt a crypto-friendly stance. …

India's crypto industry expects Bitcoin surge to boost domestic business
4 months, 1 week ago

India's crypto industry expects Bitcoin surge to boost domestic business

Live Mint  

New Delhi: India’s battered cryptocurrency industry, which has seen retail trading volumes decline by over 90% in the past three years, is cautiously optimistic about the industry’s latest surge. “The exchange-traded funds in the US have further rationalized cryptocurrency investments around the world, and the US’s pro-cryptocurrency stance could boost a more favourable policy approach around the world including in …

RBI Governor Shantikanta Das Warns of Huge Risks to Financial Stability from Cryptocurrencies
4 months, 3 weeks ago

RBI Governor Shantikanta Das Warns of Huge Risks to Financial Stability from Cryptocurrencies

New Indian Express  

RBI Governor Shantikanta Das expresses concerns about cryptocurrencies, stating that they pose significant risks to financial stability. He argues that cryptocurrencies have the characteristics of money and could undermine the central bank's control over the monetary system. Das emphasizes the need for careful consideration and a cautious approach towards cryptocurrencies, considering the potential for instability and financial sector instability.

Bitcoin Soars to New Heights, But Market Volatility Remains High
5 months ago

Bitcoin Soars to New Heights, But Market Volatility Remains High

ABP News  

Bitcoin and Ethereum ETFs see record inflows, with Bitcoin reaching a 30-day high of $69,000. The overall crypto market is volatile, with Bitcoin and Ethereum experiencing significant price fluctuations. BlackRock is reportedly stepping up its efforts in the crypto derivatives space, with discussions to enable the use of the BUIDL token as collateral in crypto derivative transactions.

Crypto Week Ahead: Bitcoin Sees Some Gains Due As US Central Banks Lower Borrowing Costs
5 months, 3 weeks ago

Crypto Week Ahead: Bitcoin Sees Some Gains Due As US Central Banks Lower Borrowing Costs

ABP News  

Bitcoin over the latter half of the past week, has managed to see some much-needed gains, sending the price to as high as $66,000, before settling down to $64,000 at the time of writing. Crypto Prices Over The Past Week Last Monday, the overall crypto market cap stood at $2.24 trillion. Check Out Top Crypto Prices Today DeFi's total volume …

Crypto Week Ahead: Bitcoin On Downward Trend Under Pressure Due To Increased Selloffs
6 months, 3 weeks ago

Crypto Week Ahead: Bitcoin On Downward Trend Under Pressure Due To Increased Selloffs

ABP News  

Bitcoin is expected to continue feeling pressure due to an increase in selling and a huge amount of outflow from spot exchange-traded funds. Crypto Prices Over The Past Week Last Monday, the overall crypto market cap stood at $2.25 trillion. Check Out Top Crypto Prices Today DeFi's total volume stands at $2.73 billion, at 4.93 percent of the total market …

Bengaluru auto driver gains social media fame for accepting cryptocurrency
7 months ago

Bengaluru auto driver gains social media fame for accepting cryptocurrency

New Indian Express  

In Bengaluru, a city celebrated for its tech-savvy culture, a local auto-rickshaw driver has captured widespread attention by accepting cryptocurrency as payment for rides. His forward-thinking approach was spotlighted in a viral social media post shared on August 18, featuring a photo of the driver standing beside his auto-rickshaw, proudly displaying a sign that reads, “We accept cryptocurrency.” The post …

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project
7 months, 2 weeks ago

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project

The Hindu  

Google, PhonePe, Amazon Pay, Cred and Mobikwik are looking to join Indian central bank’s digital currency project by offering transactions in e-rupee, a digital alternative to the physical currency. The news comes as transactions using the digital currency reached over a million a day last year, however, they have declined ever since, to about 100,000-200,000 a day. However, in April …

Crypto industry seeks conducive tax environment
8 months, 3 weeks ago

Crypto industry seeks conducive tax environment

New Indian Express  

BENGALURU: The first half of this year was a significant one for the crypto industry ­-- Bitcoin touched its peak of over $73,000 in March, Bitcoin Halving, US SEC granted approval for spot Bitcoin ETFs. All these have driven increased trading activity in the Indian crypto market, and crypto exchanges hope that the upcoming Budget will create a conducive regulatory …

Crypto’s wild ride and should you be on it?
1 year ago

Crypto’s wild ride and should you be on it?

Hindustan Times  

By now, most news headlines have reported a bull run in cryptocurrencies led by Bitcoin and Ethereum. Bitcoin cryptocurrency When asked for a perspective, Krishna Jha, a Bengaluru-based private investor, said, “The next bull run has started, and prices will go higher than they did earlier.” But Jha says he is unwilling to bet on cryptocurrencies. However, with the government …

Crypto currencies have no underlying value, says RBI official
1 year, 1 month ago

Crypto currencies have no underlying value, says RBI official

The Hindu  

Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central bank official said. "Crypto currencies cannot be called currencies as they don't have any underlying value," P Vasudevan, an executive director at the RBI, said during a panel discussion organised by IIM-Kozhikode here. Ultimately it is a call that the government has to take …

Emerging markets cannot afford 'crypto mania', says RBI governer as ETFs begin trading in US
1 year, 2 months ago

Emerging markets cannot afford 'crypto mania', says RBI governer as ETFs begin trading in US

India TV News  

A day after the US Securities and Exchange Commission permitted bitcoin exchange-traded funds to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets. The SEC's approval includes 11 ETFs, opening the door to more widespread investments in the world's largest cryptocurrency without …

Vantage | What the first crypto crash of 2024 is telling you
1 year, 2 months ago

Vantage | What the first crypto crash of 2024 is telling you

Firstpost  

Cryptocurrencies tanked on Wednesday. There is an old saying: ‘The greater the risk, the greater the reward.’ These days, nothing quite epitomises this like crypto. The final decision is expected next week, but on Wednesday, a report said that these Bitcoin funds could get delayed by a few months, and that caused the market to crash. But it hasn’t worked …

Crypto price today November 21 check global market cap bitcoin BTC ethereum doge solana litecoin APE Arweave ABP Live TV
1 year, 4 months ago

Crypto price today November 21 check global market cap bitcoin BTC ethereum doge solana litecoin APE Arweave ABP Live TV

ABP News  

Bitcoin, the oldest and most valued cryptocurrency in the world, remained above the $37,000 mark early Tuesday. Bitcoin Price Today Bitcoin price stood at $37,489.62, registering a 24-hour jump of 0.93 percent, as per CoinMarketCap. Ethereum Price Today ETH price stood at $2,018.57, marking a 24-hour gain of 0.94 percent at the time of writing. Dogecoin Price Today DOGE registered …

Crypto Week Ahead October 30 November 4 Bitcoin Spot ETF Zodia Gemini
1 year, 4 months ago

Crypto Week Ahead October 30 November 4 Bitcoin Spot ETF Zodia Gemini

ABP News  

Bitcoin, the oldest and most valued crypto in the world, comfortably managed to remain above the $34,000 mark as ‘Uptober’ draws to an end. Crypto Events To Note In recent developments within the cryptocurrency investment space, ProShares Bitcoin Strategy ETF and VanEck Bitcoin Trust have made significant strides. It is worth noting that Bitcoin's performance closely mirrors the 14 per …

Lack of Physical Form, Market Sentiments, More: Here’s Why Crypto Is So Volatile
1 year, 5 months ago

Lack of Physical Form, Market Sentiments, More: Here’s Why Crypto Is So Volatile

ABP News  

In the world of investments, a common comparison is drawn between stocks and mutual funds known for their relative stability, and cryptocurrencies, which have become synonymous with volatility. Much like cryptocurrencies today, the initial stages of these traditional investment options were marked by a lack of regulation, limited market participants, and speculative trading. Market Sentiments Many investors enter with the …

Crypto Week Ahead: FTX’s Looming Liquidation Of Crypto Assets Dampens Market Sentiment
1 year, 6 months ago

Crypto Week Ahead: FTX’s Looming Liquidation Of Crypto Assets Dampens Market Sentiment

ABP News  

FTX, the embattled company whose meltdown caused the ongoing crypto winter appears to be in the news once again, as it looks to liquidate its crypto assets worth $3.4 billion. However, the recently concluded G20 Summit in New Delhi offered a positive outlook on crypto regulation as benefits of central bank digital currency in its official leaders’ statement. Check Out …

cryptocurrency price today in india August 30 check global market cap bitcoin BTC ethereum doge solana litecoin SOL Ripple Stacks ASTR ABP Live TV
1 year, 6 months ago

cryptocurrency price today in india August 30 check global market cap bitcoin BTC ethereum doge solana litecoin SOL Ripple Stacks ASTR ABP Live TV

ABP News  

Bitcoin managed to rise above the $27,000 mark for the first time in two weeks. Bitcoin Price Today Bitcoin price stood at $27,329.77, registering a 24-hour gain of 5.09 percent, as per CoinMarketCap. Ethereum Price Today ETH price stood at $1,718.73 marking a 24-hour gain of 4.10 percent at the time of writing. Dogecoin Price Today DOGE registered a 24-hour …

Crypto India Tax PMLA State Future Regulation RBI CBDC Digital Rupee ABP Live TV
1 year, 6 months ago

Crypto India Tax PMLA State Future Regulation RBI CBDC Digital Rupee ABP Live TV

ABP News  

Crypto is often called the "Internet of Value" and for good reason. Here’s Why Crypto Could Prove Important To India Remittances: A Game Changer India holds the global top spot for remittance receipts, raking in approximately $80 billion annually. Crypto and decentralised technologies are not merely optional but vital to safeguarding India's national sovereignty. Enterprise Adoption A consortium of 15 …

Crypto Week Ahead July 24 31 bitcoin FTX Sam Bankman Fried Jumpcloud Indonesia
1 year, 8 months ago

Crypto Week Ahead July 24 31 bitcoin FTX Sam Bankman Fried Jumpcloud Indonesia

ABP News  

Last week, following a ruling by a judge in the Southern District of New York, XRP, the token associated with Ripple, witnessed a substantial surge in its value. Crypto Prices Over The Past Week Last Monday, the overall crypto market cap stood at $1.21 trillion. Check Out Top Crypto Prices Today DeFi's total volume stands at $2.46 billion, at 9.84 …

cryptocurrency price today in india June 22 check global market cap bitcoin BTC ethereum doge solana litecoin Ripple Pepe Rocket Pool BlackRock ETF
1 year, 9 months ago

cryptocurrency price today in india June 22 check global market cap bitcoin BTC ethereum doge solana litecoin Ripple Pepe Rocket Pool BlackRock ETF

ABP News  

The crypto market is seeing a much-needed upswing, thanks to the multiple Bitcoin ETF filings led by BlackRock, leading to investors regaining confidence on the digital assets. Bitcoin Price Today Bitcoin price stood at $30,213.51, registering a 24-hour jump of 5.03 percent, as per CoinMarketCap. Ethereum Price Today ETH price stood at $1,916.52, marking a 24-hour gain of 5.66 percent …

Invest, Hold, Safeguard: Tips & Tricks To Maximise Returns On Crypto Assets
1 year, 10 months ago

Invest, Hold, Safeguard: Tips & Tricks To Maximise Returns On Crypto Assets

ABP News  

In the ever-evolving world of finance, the crypto asset class has emerged as a promising investment vehicle. Conduct thorough research Prior to investing in any crypto asset, spend time analysing the project’s fundamentals, scalability, technological innovations, development team, market demand, and competitive landscape. Switch to long-term investing and wealth creation mindset Avoid frequent trades — it doesn’t help from a …

Crypto Week Ahead: Global Market Cap Fails To Hold On To Streak. BTC, ETH Show Signs Of Slump
1 year, 10 months ago

Crypto Week Ahead: Global Market Cap Fails To Hold On To Streak. BTC, ETH Show Signs Of Slump

ABP News  

The global crypto market cap, at the time of writing, stood at $1.18 trillion. Crypto Prices Over The Past Week Last Monday, the overall crypto market cap stood at $1.18 trillion. A week later, the overall market cap remained at $1.18 trillion despite climbing up to $1.21 trillion a few days ago, as per CoinMarketCap data. BTC and ETH managed …

Understanding the current state of crypto assets in India
1 year, 11 months ago

Understanding the current state of crypto assets in India

Live Mint  

It is a sweeping wave for some and a conundrum for others but crypto is the new buzzword in the world of investment finance. On the whole, the government seems to be accepting crypto and the underlying blockchain technology rather than casting them away as ‘risky’ or even ‘banning’ them. Banking is still not a breeze given RBI’s concerns The …

Navigating the complexities of crypto taxation in India
1 year, 11 months ago

Navigating the complexities of crypto taxation in India

Live Mint  

There is an adage which encapsulates the process of taxation, and it goes thus: the only two things certain in life are death and taxes. Navigating crypto from a tax angle We believe that Indian crypto investors can become tax compliant and plan their investments better by following certain principles. Building a crypto portfolio: India’s crypto tax regime does not …

Cryptocurrency price in India 3 March 2023: Bitcoin decreases 5%, Ethereum below $1600, overall market suffers
2 years ago

Cryptocurrency price in India 3 March 2023: Bitcoin decreases 5%, Ethereum below $1600, overall market suffers

India Today  

The market on Friday traded in the red. Moreover, the value of Ethereum went below $1600 to stand at $1568, marking a 4.89 percent fall from the previous day. Around $50 billion in investor capital has been lost in the last few hours as a result of the over 5 percent decline in Bitcoin and the overall cryptocurrency market. On …

Economic Survey 2023: Common Approach A 'Necessity' To Regulate Crypto
2 years, 1 month ago

Economic Survey 2023: Common Approach A 'Necessity' To Regulate Crypto

ABP News  

Finance Minister Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament today, kicking off the Union Budget session. Making a reference to the recent FTX collapse and the ensuing sell-offs that saw the vanishing of nearly $2 trillion from the global crypto market, the Survey noted that crypto assets don’t “strictly pass the test of being a financial asset” as …

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments
2 years, 1 month ago

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments

Firstpost  

Cryptocurrencies have been gaining momentum worldwide for the past two years, making big headlines. Tax on VDAs The Union Budget of India in 2022 has introduced a system of taxation on virtual digital assets with a 30 percent tax on gains and 1 percent on Tax Deducted at Source. Need for a progressive approach to taxation The crypto industry is …

Cryptos Are Nothing but Gambling, Their Value Only Make-Believe: RBI Governor
2 years, 2 months ago

Cryptos Are Nothing but Gambling, Their Value Only Make-Believe: RBI Governor

News 18  

Reserve Bank governor Shaktikanta Das on Friday reiterated his call for an outright ban on cryptocurrencies, saying these are “nothing but gambling” and their perceived “value is nothing but make-believe.” To further its opposition to such currencies and also to take a lead over other central banks, the RBI recently launched its own digital currency, in the form of e–rupee …

Digital Rupee: Understanding the risks of using digital currency
2 years, 2 months ago

Digital Rupee: Understanding the risks of using digital currency

Live Mint  

Digital currency is essentially a replacement of conventional paper currency by currency in the form of digital data on a technology-based platform on a mobile device or otherwise. According to Stas Protassov, Co-founder and executive board member, Acronis, one of the risks which exist for most if not all digital currencies is double-spending scams exploiting protocol issues or application software …

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know
2 years, 2 months ago

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know

ABP News  

The 2023 Union Budget is nearly here and the biggest question that’s haunting the mind of crypto enthusiasts is simple — how will the Finance Ministry treat the virtual digital assets sector this time around? While 2022 saw several important milestones for the crypto sector, from the taxation of gains to the introduction of a central bank digital currency, the …

Explained | What is the crypto awareness campaign?
2 years, 2 months ago

Explained | What is the crypto awareness campaign?

The Hindu  

The story so far: The Investor Education and Protection Fund will launch an outreach programme soon to create awareness of cryptocurrencies and online gaming. People may presume incorrectly that it is illegal,” he states, adding, “One may be indulging in unlawful transactions like money laundering using crypto assets. As for the allegations, Mr. Menon told The Hindu, “The immutable, public …

cryptocurrency price today in india December 31 check market cap bitcoin ethereum merge dogecoin solana litecoin ripple XRP binance token QNT prices gainer loser
2 years, 2 months ago

cryptocurrency price today in india December 31 check market cap bitcoin ethereum merge dogecoin solana litecoin ripple XRP binance token QNT prices gainer loser

ABP News  

Bitcoin and Ethereum — two of the most valued crypto coins — managed to rise above the $16,000 and $1,100 marks, respectively, on early Saturday morning. Bitcoin price today Bitcoin price stood at $16,556.17, seeing a 24-hour loss of 0.26 percent, as per CoinMarketCap. Ethereum price today ETH price stood at $1,195.27, marking a 24-hour loss of 0.14 percent at …

Digital rupee not the magic bullet Central government is hoping for
2 years, 2 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 …

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