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 ..

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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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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 ..

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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 ..

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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 ..

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