Russia’s ‘Digital Ruble’ Transferred Among Citizens in Successful Trial
Russia’s central bank, the Bank of Russia, has announced that it has already conducted initial trials of its Central Bank…
‘Well-Designed’ CBDCs Are Better Than Regulated Stablecoins: IMF
Central banks around the world are gearing up to take the fight to cryptocurrencies through Central Bank Digital Currencies (CBDCs),…
RBI-Backed Digital Rupee Coming in 2022, Finance Minister Announces
Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year of 2022 on Tuesday, February 1. As part…
Crypto Market Has Shed Over $1 Trillion in Market Cap Since November
Bitcoin and Ether hit their respective new all-time highs in November 2021, but things appear to have only spiralled for…
Digital Pound Could Hit Financial Stability, Erode Privacy: UK Lawmakers
A digital pound used by consumers could harm financial stability, raise the cost of credit, and erode privacy, though a…
Crypto Transactions Should Be Banned, Swadeshi Jagran Manch Demands
RSS-affiliate Swadeshi Jagran Manch on Sunday passed a resolution demanding that the central government completely ban buying, selling, investing and…
Cornell Professor Believes Bitcoin Existence May Be Short-Lived
Bitcoin’s value may be up 92 percent over the past year with a market capitalisation of over $1 trillion (roughly…
No Proposal to Recognise Bitcoin, Says Finance Minister
The government has no proposal to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman told the…
CBDC Will Deny People Basic Ownership of Their Money: Edward Snowden
Former NSA consultant and whistleblower Edward Snowden has called Central Bank Digital Currency (CBDC) a “cryptofascist currency” primarily designed to…