Page-2 of cryptocurrencies
Karnataka Bitcoin scam: Things to know
Central Crime Branch Police of Bengaluru, arrested 26-year-old Srikrishna Ramesh alias Sriki, on November 4, 2020. What is the issue? He was arrested as per provisions of Narcotic Drugs & Psychotropic Substances (NDPS) Act in a drug case. Sriki has ..
Month: Current Affairs - November, 2021
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 ..
Month: Current Affairs - September, 2021
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 ..
Month: Current Affairs - August, 2021
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 ..
Month: Current Affairs - June, 2021
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 ..
Month: Current Affairs - March, 2021
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 ..