Cryptocurrency Current Affairs, GK & News

RBI Governor on cryptocurrency

Governor of Reserve Bank of India (RBI), Shaktikanta Das raised alarm on cryptocurrencies and cautioned investors on potential pitfalls of digital currency. Highlights From a macro economic and financial stability point of view, cryptocurrencies are of serious concern. Governor’s comment has come at a time when craze of cryptocurrencies has increased among Indian investors. Craze ..

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IMF Report on Crypto Ecosystem

The International Monetary Funds (IMF) has released its report called “Global Financial Stability Report”, highlighting how digital currency assets brings in financial stability challenges. Key findings of report In its report, IMF notes that rapid growing crypto ecosystem presents new opportunities to the world. However, this digital currency assets also pose several financial stability challenges. ..

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Cuba to recognise and regulate cryptocurrencies

On August 26, 2021 Government of Cuba announced to recognize and regulate cryptocurrencies for payment in the Island nation. Highlights This decision was taken following the popularity of cryptocurrencies increased among a technologically savvy group in Cuba as it became harder to use dollars. As per officials, Central Bank will set rules for such currencies. ..

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What is a Bitcoin Hardware Wallet?

Square’s hardware head, Jesse Dorogusker, announced recently that company is going to start building a hardware wallet and accompanying service for cryptocurrency, Bitcoin. This decision was taken in a bid to bring crypto coin into mainstream. What is Hardware Wallet? Hardware wallet is a special type of cryptocurrency storage which maintains and secures private crypto ..

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UK bans World’s Largest Crypto Exchange

Britain’s financial regulator, Financial Conduct Authority (FCA), has banned world’s largest cryptocurrency exchanges, Binance. Key Points Binance cannot conduct any regulated activity as it will come under growing scrutiny globally. What is the issue? Binance Markets was acquired by Binance company in 2020. It was not using regulatory permissions. However, FCA’s move will not affect ..

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