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RUPEE BACKED STABLECOIN
ED searches Bengaluru firms over alleged crypto-linked cross-border money transfers; probe estimates over Rs 2,500 croreBengaluru's Enforcement Directorate has raided six locations over alleged illegal cross-border money transfers exceeding Rs 2,500 crore usi...- Tokenisation could be the next big upgrade to India's market plumbingTokenisation represents financial assets as digital tokens on programmable blockchains, simplifying ownership and settlement. India's finan...
- Why West’s crypto rules matter for East’s financial futureThe US CLARITY Act addressing legal uncertainty will shape global crypto regulation. Eastern hubs like the UAE and Singapore are moving ahe...
- Zerodha's Nikhil Kamath suggests exploring gold-based stablecoins for IndiaZerodha co-founder Nikhil Kamath questioned the long-term suitability of dollar-backed stablecoins for India and proposed exploring a gold-...
- Post-war climate change: As the world witnesses accelerated US decline, can India not get caught flat-footed?The West Asian war is set to accelerate America's decline and China's ascent. Europe may look up to the US no more. Nations will prioritise...
- ₹-backed stablecoin brings little gain, but it puts stability and bank deposits at considerable riskIndia is considering regulating rupee-backed stablecoins. This move follows growing demand and concerns about financial stability. Two firm...
- Stablecoin falters as USDT premium collapses, disrupting NRI remittance channelMoney changers' innovative plan to use stablecoins for NRI remittances is facing disruption. The usual premium on USDT over the US dollar h...
- RBI Guv says Indian macroeconomic fundamentals are very strong; US tariffs not too concerningRBI Governor Sanjay Malhotra highlighted India's strong macroeconomic fundamentals and deep markets, noting that domestic demand shields th...
- ETtech Explainer: Will India toss the stablecoin, or embrace it?A stablecoin is a type of cryptocurrency pegged to another asset, such as gold or the US dollar. Unlike volatile cryptocurrencies such as B...
- Critical elements shaping the new growth curve of capital marketsIndia’s capital markets are poised for a new growth phase driven by retail participation, ETF and index fund adoption, and expanding REIT a...
- The Rupee's next revolution: A leap into cryptoIndustry leaders anticipate the launch of rupee-backed stablecoins in India, potentially revolutionizing digital payments and enhancing fin...
- Digital Rupee vs Crypto: What the debate misses about the future of moneyIndia is seeing a digital money revolution with the Digital Rupee and crypto assets. The focus should be on user experience, not just techn...
- Why CBDC may not be the silver bullet to address crypto assets risksGlobally, central bankers are divided in opinion on whether the emergence of crypto assets led to an acceleration of their CBDC projects: i...
- Why CBDC may not be the silver bullet to address crypto assets risksStablecoins could also offer a faster, cheaper, and easier channel for cross-border remittances that broadly sidesteps the formal financial...
- Top cryptocurrency prices today: Bitcoin, Ethereum drop 5%; Shiba Inu, Dogecoin lose 10%The global crypto market cap tumbled as much as 6 per cent to $1.67 trillion mark. On the contrary, the total crypto market volume jumped r...
- Digital rupee should remain anonymous, Nandan Nilekani saysConcerns pertaining to surveillance will arise if all payments made using digital rupee are recorded and are visible, Infosys cofounder and...
- RBI raises fresh concerns over stablecoinsThe fear is that going ahead, companies or traders could move to stablecoins even for domestic payments.
- Why India should not outlaw cryptocurrenciesWorld needs to get out of the dollar’s stranglehold and cryptocurrencies could play a big role in that.
- Facebook set to bet high on Libra cryptoThe American company has floated an independent subsidiary Calibra for its bitcoin business.
- Indian bitcoin players wary of Facebook’s stablecoinSome startup founders feel that Facebook’s proposed currency system may not require banks to transfer money to buy or sell digital currency.
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