Articles for Digital Currency

Man pleads guilty in failed ransom plot that may have been linked to $240M crypto heist
1 day, 14 hours ago

Man pleads guilty in failed ransom plot that may have been linked to $240M crypto heist

Associated Press  

HARTFORD, Conn. — A Florida man pleaded guilty Thursday in connection with the carjacking and kidnapping of a Connecticut couple, in what authorities called a failed ransom plot that may have been linked to a $240 million cryptocurrency heist. Just a week earlier, at least two thieves had stolen $240 million worth of Bitcoin in an elaborate scam over the …

Florida Couple Court Men Miami Bitcoin Man
RBI’s digital rupee must leap over many hurdles for wider adoption
6 months, 4 weeks ago

RBI’s digital rupee must leap over many hurdles for wider adoption

Live Mint  

The Reserve Bank of India has been striving to boost the adoption of its Retail-Central Bank Digital Currency or e-rupee. RBI is also aiming to onboard more non-bank payment service operators and make the e-rupee inter-operable with India’s Unified Payments Interface. Despite having clearly defined use-cases for their country-specific CBDCs, these pilot projects suffered from weak internet connectivity and poor …

India China Adoption Nigeria Bank Digital Currency Rbi
E-rupee boost: RBI to enhance role of digital currency, allow non-bank operators to offer CBDC wallets
9 months ago

E-rupee boost: RBI to enhance role of digital currency, allow non-bank operators to offer CBDC wallets

Hindustan Times  

In his statement released today, the Reserve Bank of India Governor, Shaktikanta Das, has indicated the central bank’s interest in enhancing the scope of digital currency in India. The RBI Governor said the central bank was looking to promote CBDC and that too by enhacing its scope through Non-bank Payment System Operators and thereby boost retail use. It is proposed …

India Bank Digital Digital Currency Payment Rbi Cbdc
Indian banks offer incentives to lift RBI’s e-rupee: Report
1 year, 2 months ago

Indian banks offer incentives to lift RBI’s e-rupee: Report

Live Mint  

Digital Rupee: In a bid to boost volums in RBI's e-rupee transactions, Indian banks are offering incentives for using the central bank digital currency. HDFC Bank leads Informing about the initiatives taken by HDFC Bank to boost RBI's e-rupee transactions, country head for payments, liability products, consumer finance and marketing, Parag Rao said that India's largest private lender has rolled …

India Bank Digital Rbi Banks Rupee Offer
Japan firms to issue digital currency by July 2024 for transaction, settlement of clean energy certificates
1 year, 2 months ago

Japan firms to issue digital currency by July 2024 for transaction, settlement of clean energy certificates

Firstpost  

GMO Aozora Net Bank will issue the yen-based digital currency, called “DCJPY”, which will operate on a network launched by DeCurret A group of Japanese firms will issue a digital currency by July 2024 for the transaction and settlement of clean energy certificates, cryptocurrency exchange DeCurret said on Thursday. GMO Aozora Net Bank will issue the yen-based digital currency, called …

Japan Settlement Bank Digital Digital Currency Currency Dcjpy
China's digital currency raises concern as wages of thousands of public servants moves to e-CNY
1 year, 7 months ago

China's digital currency raises concern as wages of thousands of public servants moves to e-CNY

ABC  

Starting this month, thousands of workers in a Chinese city will be paid their wages entirely in digital yuan, in what has been described by the central government as a "milestone" for the currency. Key points: The digital currency was first trialled in 2019 and is now able to be used in 26 cities across 17 provinces Authorities have been …

China Public Servants Bank Bitcoin Pay Digital Currency Currency
Zimbabwe’s new gold-backed digital currency: All you need to know
1 year, 8 months ago

Zimbabwe’s new gold-backed digital currency: All you need to know

Al Jazeera  

Zimbabwe’s gold-backed digital currency comes a year after the country launched gold coins to stabilise its rapidly devaluing currency. The Zimbabwe gold-backed digital currency will be used as legal tender and a store of value alongside the Zimbabwean dollar and bond notes. It’s necessary but the gold coins also did not go far in solving the problems.” Former Finance Minister …

Local South Africa Zimbabwe Gold Bank Digital Currency Coins
Zimbabwe plans to launch digital currency backed by gold
1 year, 8 months ago

Zimbabwe plans to launch digital currency backed by gold

Associated Press  

HARARE, Zimbabwe — Zimbabwe will launch a digital currency next month by introducing “tokens” that are backed by gold reserves and can be transferred between people and businesses as a form of payment, the country’s central bank said Friday. Trust in Zimbabwe’s currency is desperately low after people in 2008 had their savings wiped out by hyperinflation, which reached 5 …

Gold Digital Currency Local Currency Currency Backed Zimbabwe Dollar Mangudya
Zimbabwe plans to launch digital currency backed by gold
1 year, 8 months ago

Zimbabwe plans to launch digital currency backed by gold

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Zimbabwe will launch a digital …

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South Dakota gov’s veto of cryptocurrency regulations upheld
1 year, 9 months ago

South Dakota gov’s veto of cryptocurrency regulations upheld

Associated Press  

South Dakota’s House failed Monday to override Gov. Kristi Noem’s recent veto of a bill that would have created government regulations for the use of cryptocurrency in the state. National commercial standards aim to regulate digital currency exchanges by adding transaction records, but Noem said such a step would take away from South Dakotans’ market freedoms. More importantly, South Dakota …

Cryptocurrency Digital Currency South Dakota House Bill Noem
How Digital Currency Can Help Diversify Your Portfolio
1 year, 10 months ago

How Digital Currency Can Help Diversify Your Portfolio

ABP News  

Quite evidently, last year had taken digital currency on a turbulent ride. Bitcoin's unique features, including its low correlation with traditional financial assets, instability, and risk-reward profile, make it an attractive option for those seeking to reduce portfolio risk and capitalize on potential returns. Also, the lack of direct correlation between digital currency and traditional financial systems might make it …

Market Investment Digital Potential Bitcoin Digital Currency Currency
UK considering launch of digital currency called ‘Britcoin’
1 year, 11 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 …

Bank Digital Treasury Digital Currency Bank Of England Pound Currencies
Britcoin? UK gets closer to launching a digital currency
1 year, 11 months ago

Britcoin? UK gets closer to launching a digital currency

Associated Press  

LONDON — Britcoin is moving closer to reality. U.K. 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.” …

Bank Digital Treasury Digital Currency Currency Bank Of England Currencies
Digital currency to further bolster digital economy, make payment system more efficient: RBI
1 year, 11 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 …

India Digital Digital Currency Currency Digital Economy Payment Rbi
National Australia Bank joins stablecoin bandwagon, to launch fiat-backed digital currency by mid-2023
1 year, 11 months ago

National Australia Bank joins stablecoin bandwagon, to launch fiat-backed digital currency by mid-2023

India Today  

The National Australia Bank is all set to join the list of financial institutions to offer stablecoin options for customers. Stating that blockchain technology will play a key role in the future of money, the NAB chief, Howard Sibly, said that the AUDN stablecoin would be minted on the Ethereum blockchain and pegged at 1:1 to the Australian dollar. Howard …

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Digital Rupee: Understanding the risks of using digital currency
1 year, 11 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 …

India Indian Digital Risk Digital Currency Currency Risks
India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?
2 years, 1 month ago

India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?

Firstpost  

On 1 December, India will join the list of countries that have introduced a Central Bank Digital Currency. Nigeria In October this year, the Central Bank of Nigeria marked one year since the launch of Africa’s first digital currency, the e-Naira. China’s central bank will expand the trials of its digital currency, the e-CNY, to four provinces, including Guangdong, Jiangsu, …

India China Russia Launch Central Bank Bank Currency
How will digital rupee rollout impact physical currency?
2 years, 2 months ago

How will digital rupee rollout impact physical currency?

Firstpost  

The Reserve Bank of India has launched its pilot project on the Central Bank Digital Rupee starting, 1 November. Here’s what the experts told CNBC TV18 The Reserve Bank of India has launched its pilot project on the Central Bank Digital Rupee starting November 1. It is widely anticipated that the digital rupee ideated by RBI will be generated through …

Bank Digital Digital Currency Currency Payment Rbi Rupee
Central Bank Digital Currency is going to be a major transformation in the way business is done: RBI Governor Shaktikanta Das
2 years, 2 months 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, …

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RBI Launches First Pilot of Digital Rupee; What is CBDC, How is it Different from Cryptocurrency?
2 years, 2 months ago

RBI Launches First Pilot of Digital Rupee; What is CBDC, How is it Different from Cryptocurrency?

News 18  

The Reserve Bank of India will roll out the digital rupee — the Central Bank Digital Currency — today. “…the first pilot in the Digital Rupee – Wholesale segment shall commence on November 1, 2022,” the RBI said in a statement on ‘Operationalisation of Central Bank Digital Currency-Wholesale Pilot’. It also announced that the first pilot in Digital Rupee – …

Bank Digital Digital Currency Currency Central Rbi Rupee
Investing In Digital Currency: How To Drive Up The Value Of Your Portfolio
2 years, 2 months 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 …

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India’s RBI to soon commence pilot project of digital rupee
2 years, 3 months ago

India’s RBI to soon commence pilot project of digital rupee

The Hindu  

The Reserve Bank of India will soon commence limited pilot launches of a central bank-backed digital rupee for specific use cases, it said in a concept paper released on Friday. The RBI has been exploring the pros and cons of a central bank digital currency for some time and is working towards a strategy to implement it in a phased …

India Bank Digital Currency Rbi Rupee Digital Rupee
RBI says e-rupee will bolster India's digital economy, pilot launch soon
2 years, 3 months ago

RBI says e-rupee will bolster India's digital economy, pilot launch soon

Hindustan Times  

The Reserve Bank of India on Friday released a concept note on its digital currency, stating that it will soon begin the pilot launch e-rupee for specific use cases. In a statement, the central bank said the purpose behind the issue of the concept note is to create an awareness about the central bank digital currency and the planned features …

India Bank Digital Digital Currency Currency Central Rbi
RBI to soon launch e-rupee on pilot basis for limited use
2 years, 3 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 …

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