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CONVERTIBLE VIRTUAL CURRENCY
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delaysBanks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could ...- 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...
- SC does away with RBI curbs on crypto tradingThe court said this was a nonbinding advisory that dealt with the risks underlying virtual currencies.
- 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.
- Non-deliverable forwards could impact Re: RBIA paper published by the central bank has said the rupee value is at times influenced by trading in non-deliverable forwards - derivatives.
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