cryptocurrencies Current Affairs, GK & News

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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Subhash Chandra Garg heads Cryptocurrency panel that proposes ban on private digital currencies

The Inter-Ministerial Committee (IMC) set up to look into the legality of cryptocurrencies and blockchain has recently submitted its report to the Finance Ministry and recommended that private cryptocurrencies be banned completely in India. It has also drafted a law, the ‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’, which mandates a ..

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Telangana government to set up India’s first ‘Blockchain District’

The Telangana government has decided to set up the India’s first ‘Blockchain district’ in Hyderabad to create an ecosystem for all the start-ups and institutes working in the space. Though the Blockchain technology encompasses all domains, the district would focus on banking, financial services and insurance; pharma and healthcare; logistics and supply chain; and the ..

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