cryptocurrencies Current Affairs, GK & News
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 ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs • Legal & Constitution Current Affairs
Topics: Bitcoin • cryptocurrencies • Cryptocurrency • Cryptocurrency Ban • Law to ban cryptocurrency
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 ..
Month: Current Affairs - January, 2021
Category: Economy & Banking Current Affairs
Topics: Bitcoin • Central Bank Digital Currency • cryptocurrencies • Cryptocurrency • Cryptography • Reserve Bank of India
SC lifts ban on trading in virtual currency
The Supreme Court of India recently ruled the restriction on cryptocurrency trade in India. The recent order also lifted the ban on trading in virtual currency, cryptocurrency and bitcoins. The Reserve Bank of India had banned cryptocurrency trading in India through its circular issued on April 6, 2018. The central bank directed that all regulated ..
Topics: Bitcoins • cryptocurrencies • Reserve Bank of India
Global Consortium for Digital Currency Formed by WEF
For the adoption of digital currencies, the first Global Consortium which focussed on creating a framework for Governance of Digital Currencies was announced on Friday, 24th January 2020 by the World Economic Forum. The announcement was made during the last day of the 50th annual meeting of WEF, held in Davos, Switzerland. Over the last ..
Month: Current Affairs - January, 2020
Topics: cryptocurrencies • Davos • Digital currency • Global Consortium • Switzerland • World Economic Forum
Infosys launches three block-chain powered distributed applications
Infosys announced the launch of three blockchain-powered distributed applications for government services, supply chain management and insurance domains. These applications are equipped with predictive return on investment (ROI) analytics for business investments that can be tailored to meet numerous industry-specific needs. Key Highlights These comprehensive applications are designed as ready-to-subscribe business networks, thus, they would ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: blockchain technology • Business Application • cryptocurrencies • Infosys • Internet of things • IoT • Return on Investment