cryptocurrencies Current Affairs, GK & News

China declares all Cryptocurrency transactions illegal

Central bank of China has declared all the Cryptocurrency transactions illegal on September 23, 2021. Key Points The global values of cryptocurrencies including Bitcoin have massively fluctuated in during 2020-2021 partly due to Chinese regulations, that sought to prevent speculation and money laundering. According to People’s Bank of China (PBOC), Virtual currency-related business activities are ..

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PayPal launched crypto buying and selling in UK

PayPal Holdings Inc has launched crypto buying and selling in the United Kingdom. Key points PayPal will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies now. This roll-out marks the first international expansion of cryptocurrencies services of PayPal outside of the United States. The move will further inspire mainstream ..

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Report: Indians invested $40 bn in cryptocurrency in 2020

As per Chinalysis report, Indians who are known to traditionally invest in gold are now investing into cryptocurrency. Key Findings India is home to world’s biggest holders of gold (25,000 tonnes). Now, Indians are shifting towards cryptocurrency and have invested billions in it. Investments in cryptocurrency has increased from $200 million $40 billion in last ..

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India to Propose Cryptocurrency Ban

India is preparing to propose for a law to ban the cryptocurrencies, to fine anyone who is trading in India or to fine anyone even for holding such digital assets. India will be rolling out the rule in a potential blow to millions of the investors who are piling into red-hot asset class. Highlights The ..

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India’s New Central Bank Digital Currency

The Reserve Bank of India (RBI) is in process of examining if India needs a new central bank digital currency (CBDC) and is exploring ways to operationalise the digital currency. Highlights The statement from the RBI has come in the light of gaining popularity of the private digital currencies, virtual currencies and cryptocurrencies. These currencies ..

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