Digital Currencies

Showing of 1 - 20 from 16 results
Digital Currencies - Total results - 16
SC lifts total ban on cryptocurrency trade; quashes 2018 RBI circular banning banks from providing services
Business

SC lifts total ban on cryptocurrency trade; quashes 2018 RBI circular banning banks from providing services

According to the 6 April 2018 circular, the entities regulated by the RBI are prohibited from "providing any service in relation to virtual currencies.

Cryptocurrency transactions opposed to protect integrity of banking system; no formal ban issued: RBI tells SC
Business

Cryptocurrency transactions opposed to protect integrity of banking system; no formal ban issued: RBI tells SC

The RBI said it had not banned cryptocurrencies such as Bitcoin in India, but only ringfenced regulated entities like banks from risks involved in the trading of virtual instruments.

Facebook's Libra is largely untested and has a tough regulatory approach: Report
News & Analysis

Facebook's Libra is largely untested and has a tough regulatory approach: Report

Facebook Libra has a destabilising effect on the global financial system, say critics.

IBM and Tata join governing council of US blockchain platform Hedera Hashgraph
News & Analysis

IBM and Tata join governing council of US blockchain platform Hedera Hashgraph

All members of the Hedera governing council have equal say in approving updates to the platform codebase.

Facebook Libra can be good for the developing countries where people face cash crunch
News & Analysis

Facebook Libra can be good for the developing countries where people face cash crunch

Libra could provide a universal, stable currency without needing to set up an entire payment infrastructure.

Japan hit by another cryptocurrency heist, $60 million stolen from exchange
Business

Japan hit by another cryptocurrency heist, $60 million stolen from exchange

Japan last year became the first country to regulate cryptocurrency exchanges, as it encourages technological innovation while ensuring consumer protection

SC upholds RBI circular prohibiting banks and financial institutions from providing services in cryptocurrencies
Business

SC upholds RBI circular prohibiting banks and financial institutions from providing services in cryptocurrencies

Cryptocurrencies are digital currencies, in which encryption techniques are used to regulate the generation of the currency units and verify the transfer of funds, operating independently of a central bank

Traders are exchanging digital currencies such as bitcoin and ether over Skype to avoid online exchanges
News & Analysis

Traders are exchanging digital currencies such as bitcoin and ether over Skype to avoid online exchanges

Some 20 traders and clients have around 5 years spawned an OTC market moving hundreds of millions of dollars of cryptocurrencies daily, mostly via online messaging.

Financial policymakers at G20 summit decide to keep an eye on the development of cryptocurrencies
News & Analysis

Financial policymakers at G20 summit decide to keep an eye on the development of cryptocurrencies

One reason for the G20’s inaction is that they see cryptocurrencies as too small to jeopardize financial markets.

Arun Jaitley needs to consider all sides of the story before dismissing cryptocurrencies in India
News & Analysis

Arun Jaitley needs to consider all sides of the story before dismissing cryptocurrencies in India

It is important to highlight the importance of decentralisation in the world of blockchain and how cryptocurrencies are a result of that.

Setback to Bitcoin? Govt sends tax notices to cryptocurrency investors; trading hits $3.5 bn
Business

Setback to Bitcoin? Govt sends tax notices to cryptocurrency investors; trading hits $3.5 bn

Tech-savvy young investors, real estate players and jewelers are among those invested in bitcoin and other virtual currencies

Bitcoins, cryptocurrencies: New age money threaten control of banking system, money supply
Business

Bitcoins, cryptocurrencies: New age money threaten control of banking system, money supply

The global cryptocurrency market is worth $245 billion which is tiny compared to the trillion dollar plus balance sheets of the Bank of Japan, the US Federal Reserve or the ECB.

Hong Kong's Securities and Futures Commission might regulate fundraising through digital currencies
News & Analysis

Hong Kong's Securities and Futures Commission might regulate fundraising through digital currencies

Hong Kong’s Securities and Futures Commission (SFC) warned that it may regulate some fundraisings done through digital currencies.

Linking virtual currencies to dark world not right; potential of bitcoins is what financial markets should look at
Business

Linking virtual currencies to dark world not right; potential of bitcoins is what financial markets should look at

Bankers have not been too happy to accept the revolution triggered by digital currencies

Fidelity now allows clients to use its website to view cryptocurrencies
News & Analysis

Fidelity now allows clients to use its website to view cryptocurrencies

The initiative is a rare example of an established financial services company warming up to cryptocurrencies.