Crypto Currency
IMF Nine Point Crypto Action Plan
The International Monetary Fund recently unveiled a Crypto Action plan to safeguard monetary sovereignty in the world. The action plan will help countries to frame their crypto policies. The following are the nine points: Details how a country should treat ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs • International / World Current Affairs
Union Budget 2022-23-Highlights
On February 1, 2022, the Union Finance Minister Nirmala Sitaraman presented the Union budget 2022-23. The budget focuses on macro economic growth, energy transition, promoting digital economy, climate action, tech enabled development, crowding in private investment. Here are the highlights ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
IMF on El-Salvador Bitcoin legal tender
The International Monetary Fund recently asked El Salvador to remove the legal status of bitcoin. What happened? In September 2021, El Salvador became the first country to allow its consumers to use cypto currencies. Fear arose all over the country ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
Solar-Powered Bitcoin Mining facility launched in U.S.
As per owner of Twitter, Jack Dorsey, his payments venture Square will partner with blockchain technology firm Block-stream Mining in a bid to build an open-source, solar-powered bitcoin mining facility in United Nations. Aim of the move Launch of solar-powered ..
Month: Current Affairs - June, 2021
SpaceX: “DOGE-1 Mission to the Moon”
SpaceX is to launch DOGE-1, a satellite that is completely funded with crypto currency. Days earlier Musk did mention about DOGE crypto currencies in a TV show he was hosting. He also admitted in the show that he had Asperger’s ..
Month: Current Affairs - May, 2021
Turkey bans Crypto Currency payments
The Bitcoin currency tumbled more than 4% after the Central Bank of Turkey banned the use of Crypto currencies and crypto assets for purchases. The bank cited possible irreparable damages and transaction risks as the reason for the ban. The ..
Month: Current Affairs - April, 2021
What is NFT Marketplace?
The WazirX, one of the leading cryptocurrency exchanges has recently launched India’s first market place for NFT. NFT is Non-Fungible Tokens. The launch will now allow Indian creators to place their digital assets (such as images or videos, music, etc) ..
Month: Current Affairs - April, 2021
What is Diem?
Facebook-backed cryptocurrency Libra has been rebranded as “Diem” to gain regulatory approval by emphasising that the project has “organisational independence”. The independent organisation, Libra Association, which runs the Libra project will also be renamed as the Diem Association. Diem is ..