Page-3 of Digital currency
Japan officially recognises Bitcoin as currency
Japan has officially recognized bitcoin and digital currencies as legal money along the lines of other fiat currencies with effect from April 1, 2017. The recognition comes after implementation of a new law amending Banking Act in Japan for legalizing ..
Month: Current Affairs - April, 2017
India first nation to subsidize online payments
India has become the first country in the world to subsidise the use of digital cash after the government announced measures like discounts on online payments for insurance policies, rail tickets and highway toll charges and waiver for service tax ..
‘DigiShala’ – 24-hour TV channel for cashless lessons
The ministry of electronics and information technology (MeitY) has launched a new TV channel named ‘DigiShala’ to promote digital transactions. DigiShala is a free-to-air channel to educate people about digital payment and encourage people to adopt digital payments in their ..
Vittiya Saksharta Abhiyan launched by Central Government
India is witnessing a paradigm shift towards a digital economy and a major financial revolution. In pursuit of its efforts to move towards a cashless economy the Government of India has launched “Vittiya Saksharta Abhiyan” to promote active participation of ..
FM asks banks to push for cashless transactions
Finance Minister Arun Jaitley has asked banks to push for cashless transactions by promoting digital banking in mission mode. Post demonetisation, the government not only aims to weed out black money but also encourages digital payments to steer the Indian ..
RBI prohibits Mobile network operators from offering mobile wallet facility
The RBI asserted that it will not permit mobile network operators to offer cash-out or mobile wallet service. Why RBI has asserted this? As per RBI, mobile wallet is basically an e-money product and therefore permitting mobile network operators provide ..