Digital currencies Current Affairs, GK & News

RBI to launch Trial Project of CBDC by December

According to Reserve Bank of India (RBI) Governor Shaktikanta Das, RBI is set to launch the trial program of its digital currency by December 2021. Highlights Currently, RBI is working on bringing its Central Bank Digital Currency (CBDC) in a phased manner. RBI is working on CBDC carefully because it is a new product for ..

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Learning Coinis launched by IMF

The International Monetary Fund (IMF) and the World Bank (WB) have jointly launched a project called “Learning Coin”. It is a private blockchain-based coin and only accessible within IMF and the World Bank to help both multinational agencies learn about the merits of blockchain. The coin project has been launched in order to conduct research ..

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Ontario: First town to pay taxes with Bitcoins

The Ontario town can launched a pilot program in which the local residents can pay their taxes in crypto currency. Reidents of Ohio, USA were the first to to pay taxes in Bitcoins. The Candian citizens in Ontario will pay through the Coinberry app which will later be converted into Canadian dollars. Apart from bitcoins, ..

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Blockchain and Distributed Ledger

This technology was first used in bitcoins and other crypto-currencies. It uses single shared ledgers to store information. Advanced cryptography technology is used to make sure that information once entered in to the ledger cannot be altered except if the changes are in compliance with some of the pre-defined parameters. Additionally, this technology uses different nodes instead ..

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Pluto Exchange launches India’s first bitcoin trading app

Pluto Exchange will launch the India’s first bitcoin trading app for transacting in virtual currencies. The Pluto Exchange mobile app offers a solution to the coordination problem between payment processors, financial gateways and banks. Pluto Exchange will enable transactions using mobile numbers only. With this, by using a four-digit personal identification number (PIN), users can ..

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