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CONVERTIBLE VIRTUAL CURRENCY
Party's over for crypto scammers who went on a spending spree after a $240 million bitcoin theftIn a bold social engineering heist, young con artists pilfered over $240 million in bitcoin, leading to an extravagant month of luxury splu...- RBI backs crypto ban, tax department warns of evasion risks, documents showIndia's central bank has reiterated its preference for a cryptocurrency policy "leaning towards prohibition," warning that crypto assets an...
- EU bets on digital euro to cut US tech addictionThe EU believes a digital euro is the answer to cutting its addiction to US payment systems like Visa and Mastercard as well as Apple Pay a...
- FBI says North Korea was responsible for $1.5 billion ByBit hackThe FBI said it is expected the assets will be further laundered and eventually converted to fiat currency. ByBit said on Friday an attacke...
- Forex card update: You can instantly load your forex card through this app during international trips; check detailsFacing a cash crunch while travelling? BookMyForex app offers a solution — you can instantly load your forex card. Simply log in, select yo...
- US slaps sanctions on crypto mixer used by North Koreans for launderingThe US treasury department said in a statement that its action against Sinbad.io comes as the mixer has processed millions of dollars in vi...
- Bringing crypto transactions under the lens of the PMLA: What does this mean for the market?Transactions on a blockchain are anonymous. So, transaction tracing and implementing foreign exchange controls can become extremely difficu...
- How to use RBI's Digital RupeeThe e-Rupee (of RBI Digital Rupee) would exist as a digital token that represents for money. It would be distributed in the same denominati...
- Can every currency of the world be a stablecoin?Large currencies have volume, some established form of consistency and track record and tangible backing, and thereby make for a good stand...
- CBDC payments to be secure: PMPrime Minister Narendra Modi said the central bank digital currency, announced in the budget, will give impetus to the digital economy as t...
- Digital rupee to be introduced by the RBI: Budget 2022Introduction of Digital currency by central bank will lead to cheaper currency management. The FM said that the digital rupee issued by RBI...
- India's digital rupee would be exchangeable against cash: PM ModiThe PM hinted that the RBI's digital currency will be a legal tender, being a revamped version of the physical currency. Modi said people c...
- RBI ex-Guv Subbarao explains why RBI is anxious about cryptocurrenciesIn an interview with ETMarkets.com, former RBI Governor Dr D Subbarao said RBI’s concerns over cryptocurrencies like Bitcoin are three-fold.
- China arrests over 1,100 suspects in crackdown on crypto-related money launderingThe arrests came as authorities in China step up their crackdown on cryptocurrency trading. Last month, three industry bodies banned crypto...
- Ban on cryptocurrencies: Is central bank Janus-faced?The RBI may appear to be open to new technology by looking for a fiat digital currency, but it appears to be on a road to nowhere
- Bitcoins: I-T notices to 4-5 lakh HNIs across the countryThe Bengaluru wind of tax department has now dispatched the information of the individuals and entities to other wings across the country f...
- Rupee trading on GIFT platform faces RBI blockThere is speculation that the Reserve Bank of India (RBI) has apprehensions in approving dollar denominated rupee contracts on GIFT.
- Demonetisation: Vigilance department to track chain of money launderers in KeralaAs per preliminary information with VACB, agents are being offered up to 20 per cent commission for money laundering, a top VACB official s...
- Bitcoin gang gets 67 new e-currencies; value grows to $13 billionBitcoin is a virtual currency that can be generated through complex computer software systems with solutions shared on a network.
- Cos play it safe, line up innovative bond issuesIndian companies are expected to announce innovative bond issuances in the coming weeks.
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