Digital Currency

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Digital Currency - Total results - 108
Finance Minister Nirmala Sitharaman says will go through Supreme Court order on cryptocurrency
Business

Finance Minister Nirmala Sitharaman says will go through Supreme Court order on cryptocurrency

Finance Minister Nirmala Sitharaman on Wednesday said she will go through the Supreme Court order allowing banks and financial institutions to provide services related to cryptocurrencies

Could climate change be responsible for the next financial crisis? Yes, says a new report
Business

Could climate change be responsible for the next financial crisis? Yes, says a new report

Banks spent last decade pulling out their economies from 2008 financial crisis, might spend next decade dealing with climate change.

After Mastercard and Paypal, Vodafone Groups exits from Facebook's Libra project
News & Analysis

After Mastercard and Paypal, Vodafone Groups exits from Facebook's Libra project

Backers including financial companies Paypal Holdings Inc and Mastercard Inc also exited Libra project.

China's digital currency will not seek full control of individuals' transaction details, says central bank official
News & Analysis

China's digital currency will not seek full control of individuals' transaction details, says central bank official

China is preparing to be the first country to roll out a digitised domestic currency, a development that is being closely watched by the world's financial services industries

Demonetisation 3rd anniversary: Banning high-value notes failed to meet objectives, but digitisation may check black money generation
Business

Demonetisation 3rd anniversary: Banning high-value notes failed to meet objectives, but digitisation may check black money generation

The defenders argued that demonetisation would help digitise the economy and make future black money generation difficult as there would be an audit trail all the time.

Facebook CEO Mark Zuckerberg says Libra must be encouraged, China already working on similar ideas
News & Analysis

Facebook CEO Mark Zuckerberg says Libra must be encouraged, China already working on similar ideas

Facebook CEO touted his optimistic vision of Libra and what it could mean for people around the world.

Facebook is open to use a stablecoin instead of a synthetic unit for Libra
News & Analysis

Facebook is open to use a stablecoin instead of a synthetic unit for Libra

Facebook is open to looking at alternative approaches for the currency token it would use, says project head.

Libra shouldn't be launched until the international risks it poses are addressed: G7 nations
News & Analysis

Libra shouldn't be launched until the international risks it poses are addressed: G7 nations

Amid sharp regulatory scrutiny, the 21 firms backing Libra pledged to forge ahead with the project.

Facebook's Libra must address a core set of legal and regulatory challenges: Brainard
News & Analysis

Facebook's Libra must address a core set of legal and regulatory challenges: Brainard

Libra backers need to answer how they would ensure the currency is not used for illegal activities.

Facebook CEO Mark Zuckerberg to testify before US panel regarding cryptocurrency Libra
News & Analysis

Facebook CEO Mark Zuckerberg to testify before US panel regarding cryptocurrency Libra

The Democrat who chairs the panel has been fiercely critical of Facebook, wants to halt Libra project.

Facebook's Libra could challenge the dominance of the dollar, says ECB member
News & Analysis

Facebook's Libra could challenge the dominance of the dollar, says ECB member

Facebook aims to connect Libra to the WhatsApp, adding a payment leg to an already global application.

Facebook's Libra needs to be regulated under a common set of rules says France
News & Analysis

Facebook's Libra needs to be regulated under a common set of rules says France

Libra could cause risks to consumers, financial stability and even “the sovereignty of European states”.

Govt panel recommends cryptocurrency ban in India, jail term of up to 10 years, heavy fines
News & Analysis

Govt panel recommends cryptocurrency ban in India, jail term of up to 10 years, heavy fines

The panel was set up in 2017 by Arun Jaitley following reports of money laundering via the currencies

Facebook says that cryptocurrency Libra will not be launched until US approves
News & Analysis

Facebook says that cryptocurrency Libra will not be launched until US approves

Facebook's official assures that Libra is not being built to compete with traditional currencies.

Donald Trump not 'a fan of bitcoin', says Facebook will need a new banking charter
News & Analysis

Donald Trump not 'a fan of bitcoin', says Facebook will need a new banking charter

Trump criticized cryptocurrencies and demanded that companies like Facebook seek a banking charter and make themselves subject to the US and global regulations.

Facebook Libra: Cryptocurrency debate in India needs to have a more informed approach
India

Facebook Libra: Cryptocurrency debate in India needs to have a more informed approach

Lack of a transparent and open consultative process creates the risk of alienating players in the cryptocurrency market in India.

Govt. panel looking into pros, cons of introducing an official digital currency in India
News & Analysis

Govt. panel looking into pros, cons of introducing an official digital currency in India

An inter-ministerial committee has been set up to examine the issue of permitting trade in cryptocurrencies.

Facebook’s Libra cryptocurrency is illegal in India, but we shouldn’t ignore its potential
India

Facebook’s Libra cryptocurrency is illegal in India, but we shouldn’t ignore its potential

The main idea behind Facebook Libra is to make international payments and money transfers cheaper and easier.

Facebook's cryptocurrency gets backers including Mastercard, PayPal, Uber and Visa
News & Analysis

Facebook's cryptocurrency gets backers including Mastercard, PayPal, Uber and Visa

The money will fund the creation of the coin, which will be pegged to a basket of government-issued currencies

Cryptocurrency thefts and fraud reportedly amounted to $1.2 billion in first quarter
News & Analysis

Cryptocurrency thefts and fraud reportedly amounted to $1.2 billion in first quarter

The value of losses from crime in the digital currency sector in 2018 hit $1.7 billion.