Digital Currency
- Middle East
World’s first Bitcoin tower to come up in Dubai
The United Arab Emirates (UAE) will be the home of the world’s very first Bitcoin tower, which will be a hotel in the shape of a Bitcoin. The 40-story tower will be…
- Business
E-Rupee to be piloted by 5 more banks in 9 more cities soon
Mumbai: Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank…
- India
Missed inflation target, digital currency pilot mark RBI’s 2022 map
Mumbai: The Reserve Bank of India failed to deliver on its contracted inflation target for the first time, started fiat digital currency pilot and finally saw its efforts to improve bank balance sheets…
- Business
Indian e-rupee to boost digital payments sans bank accounts
New Delhi: A central bank digital currency (CBDC) can play a key role in providing access to digital payments without the requirement of a bank account and the access would be facilitated…
- Business
Digital currency to cut RBI’s cash management costs, drive financial inclusion
New Delhi: As the RBI has kick-started a pilot project from November 1 to launch digital rupee in the wholesale segment and subsequently plans to roll out another one in the retail…
- India
RBI looking at phased implementation strategy to launch digital currency
New Delhi: The Reserve Bank of India (RBI) is looking at a phased implementation strategy to unveil the central bank digital currency (CBDC). It has made this observation in a concept note…
- Technology
I will keep supporting & buying Dogecoin crypto: Elon Musk
New Delhi: As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years. Amid…
- Business
‘Coin’ in Bitcoin name doesn’t make it money: IMF chief
Davos: IMF chief Kristalina Georgieva on Monday cautioned against confusing crypto products with currencies and said anything not backed by a sovereign guarantee can be an asset class but not a currency,…
- Business
We see clear advantages in a central bank driven digital currency”: Nirmala Sitharaman
Bengaluru: Union Finance Minister Nirmala Sitharaman on Tuesday said the ‘Digital Rupee’ is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages…
- Hyderabad
No business for torn note traders in Hyderabad post Covid, demonetisation
By Siddhant Thakur Hyderabad: When Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1000 notes in 2016, it disrupted business and commerce in India on an unprecedented scale.…
- India
India to get its own digital currency by RBI next year: FM
New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India’s own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected…