Digital Money

Many countries have cautioned India against cryptocurrencies; RBI has banned its use, says Nirmala Sitharaman

The RBI has banned the use of cryptocurrencies in India.

Digital mode of transactions will take some time to gain currency; domination of cash will persist

The number of Rs 20 lakh crore may look high, but if one looks at the buildup of cash in circulation over the years, the picture is actually not very shocking.

Digital payments: Lifting cap on ticket size of transactions will speed up sector growth

The trend seems to be accelerating ever since the Reserve Bank of India that regulates the payment industry allowed interoperability among payment service providers sometime ago.

Amreli SP detained by Gujarat CID in Bitcoin extortion case, says was 'forced to transfer' cryptocurrency worth crores

Amreli SP Jagdish Patel has been detained by the Gujarat CID-Crime for questioning for his alleged role in extorting bitcoins and cash from a builder.

Coincheck to lift curbs on yen withdrawals from 13 February in the aftermath of $530 million heist

The Coincheck hack highlighted the risks in trading an asset that policymakers are struggling to regulate and put the focus on Japan’s framework.

With decentralised currencies around, RBI's plans for a new fiat currency may not find many takers

Any new digital currency to pick up momentum by exploiting the demand in India, declaring the non-fiat ones illegal is a must

NHAI launches mobile apps for electronic toll collection

The NHAI mobile apps, MyFASTag and FASTag Partner will facilitate toll collection.

Paytm Payments Bank starts operations: Check out what's on offer for the customers here

The customer will have to spend Rs 100 for a 10-leaf cheque book, i.e. Rs 10 per leaf

Ambedkar Jayanti: Narendra Modi says digital money will do for the poor what Babasaheb did for India

Prime Minister Narendra Modi inaugurated various development works and launched the BHIM-Aadhaar app in Nagpur to mark the birth anniversary of BR Ambedkar.

Demonetisation: Growth of digital money in India could lead to a decline in ATMs

The rapid adoption of digital money is going to adversely affect ATMs across the country