Articles for Currency Services

RBI allows resident Indians to open foreign currency accounts in GIFT City
5 months, 1 week ago

RBI allows resident Indians to open foreign currency accounts in GIFT City

Live Mint  

The Reserve Bank of India has expanded the scope of remittances to International Financial Services Centres under the Liberalised Remittance Scheme allowing Indian residents to open foreign currency accounts in Gujarat International Finance Tec-City. On Wednesday, RBI decided to allow authorised persons to facilitate remittances for availing financial services or financial products as per the International Financial Services Centres Authority …

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Binance ordered to stop all digital currency services in Belgium
1 year, 6 months ago

Binance ordered to stop all digital currency services in Belgium

The Hindu  

Belgium's FSMA regulator on Friday ordered Binance to cease offering any virtual currency services in the country, adding to pressure on the world's biggest cryptocurrency exchange. "Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area," the FSMA …

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IT services firms likely to report strong revenue in Q1
2 years, 5 months ago

IT services firms likely to report strong revenue in Q1

Live Mint  

Top Indian IT services companies are expected to report strong revenue growth of 2.3-4.3% quarter-on-quarter in constant currency during the fiscal first quarter ended June, according to analysts. However, the peak revenue growth of these companies is likely to be behind them and the momentum is expected to start softening from H2 FY23 due to absence of large deal wins …

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Bitcoin Price Today Hits $50,000. Will World's Largest Crypto Touch $60,000 this Week?
3 years, 4 months ago

Bitcoin Price Today Hits $50,000. Will World's Largest Crypto Touch $60,000 this Week?

News 18  

Bitcoin surges $50,000 on Monday – which happened for the first time after the crash that happened in May this year. The world?s largest cryptocurrency price jumped 2.21 per cent to $50,372 at 1200 hours, according to coinmarketcap.com. Two positive development this week led to the sharp rise in Bitcoin, the first one being PayPal’s announcement of launching services for …

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数字人民币将在“4+1”地区试点
4 years, 4 months ago

数字人民币将在“4+1”地区试点

China Daily  

商务部近日印发《全面深化服务贸易创新发展试点总体方案》（下称《方案》），提及“在京津冀、长三角、粤港澳大湾区及中西部具备条件的试点地区开展数字人民币试点。”《方案》公布后，数字人民币的进展再次引发市场关注。据了解，目前数字人民币试点仍是“4+1”。 The People's Bank of China, the central bank, is testing its digital currency in Shenzhen, Chengdu, Suzhou, Xiong'an and some areas where the 2022 Winter Olympics will be held. 中国人民银行将在深圳、成都、苏州、雄安以及2022年冬奥部分场景开展数字人民币试点。 【知识点】 中国人民银行自2014年开始研究法定数字货币。2017年，中国人民银行数字货币研究所正式成立。经国务院批准，人民银行组织部分实力雄厚的商业银行和有关机构共同开展数字人民币体系（digital currency and electronic payment，DC/EP）的研发。 中国人民银行数字货币可以看做是数字化的人民币现金（digitalized currency），由央行结算且具有法偿性（legal tender）。从使用场景上看，央行数字货币可用于小额、零售、高频的业务场景，与使用纸币差别不大。它不依托于银行账户和支付账户，只要用户手机装有数字货币钱包（digital wallet）即可使用。 中国人民银行日前召开的2020年下半年工作电视会议指出，法定数字货币封闭试点顺利启动。 Currently, the tests include salary payments to civil servants, payment for public transport services and energy and supply …

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