Digital Currency

The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...

This week, the Securities and Exchange Commission of Thailand released a public order that said that it was coordinating with the Thai government to block unauthorised providers of digital assets services.

PhonePe launched its Unified Payments Interface (UPI) services in the United Arab Emirates (UAE) for Indian travellers as well as NRIs residing in the country on March 28. This service will now allow PhonePe users to make rapid digital transactions by scanning a QR code at retail stores, dining outlets, and other tourist attractions. The service is...

SWIFT, the global bank messaging network, plans to launch a new platform that will connect central bank digital currencies (CBDCs) to the existing finance system within the next two years. Its existing network is usable in over 200 countries and connects more than 11,500 banks and funds.

Finance Minister Nirmala Sitharaman was asked Friday about India’s stance on cryptocurrencies. Sharing her response, the finance minister said that cryptocurrencies were not seen or perceived as ‘currency’ in India.

The BRICS group is planning to develop a digital payment network, backed by digital currencies. The aim is to bring a wave of de-dollarisation into effect.

China is planning to conduct thorough research around the potential applications and possibilities of manufacturing and communicating using the metaverse. This shift in the country’s focus comes after its Ministry of Industry and Information Technology (MIIT) unveiled an ambitious three-year action plan for the industrial innovation and developme...

Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.

Indian banks disbursed some employee benefits through digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.

Elon Musk, in a recent interview, confirmed that digital payments were coming to X soon. Musk did not mention support for cryptocurrency-based payments while speaking about the upcoming functionality, a much-requested feature by users on the platform.

On the order of the UK Parliamentary Committee and the House of Commons, the Bank of England and the UK Treasury have analysed the benefits that could entail the launch of this CBDC. As part of the assessment, the Bank of England said CBDCs could reduce higher payment costs faced by smaller merchants among other findings.

Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.

The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies. A bench headed by Chief Justice D Y Chandrachud said the main reliefs sought in the plea were more in nature of a legislative direction.

New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.

The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).

The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...

This week, the Securities and Exchange Commission of Thailand released a public order that said that it was coordinating with the Thai government to block unauthorised providers of digital assets services.

PhonePe launched its Unified Payments Interface (UPI) services in the United Arab Emirates (UAE) for Indian travellers as well as NRIs residing in the country on March 28. This service will now allow PhonePe users to make rapid digital transactions by scanning a QR code at retail stores, dining outlets, and other tourist attractions. The service is...

SWIFT, the global bank messaging network, plans to launch a new platform that will connect central bank digital currencies (CBDCs) to the existing finance system within the next two years. Its existing network is usable in over 200 countries and connects more than 11,500 banks and funds.

Finance Minister Nirmala Sitharaman was asked Friday about India’s stance on cryptocurrencies. Sharing her response, the finance minister said that cryptocurrencies were not seen or perceived as ‘currency’ in India.

The BRICS group is planning to develop a digital payment network, backed by digital currencies. The aim is to bring a wave of de-dollarisation into effect.

China is planning to conduct thorough research around the potential applications and possibilities of manufacturing and communicating using the metaverse. This shift in the country’s focus comes after its Ministry of Industry and Information Technology (MIIT) unveiled an ambitious three-year action plan for the industrial innovation and developme...

Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.

Indian banks disbursed some employee benefits through digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.

Elon Musk, in a recent interview, confirmed that digital payments were coming to X soon. Musk did not mention support for cryptocurrency-based payments while speaking about the upcoming functionality, a much-requested feature by users on the platform.

On the order of the UK Parliamentary Committee and the House of Commons, the Bank of England and the UK Treasury have analysed the benefits that could entail the launch of this CBDC. As part of the assessment, the Bank of England said CBDCs could reduce higher payment costs faced by smaller merchants among other findings.

Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.

The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies. A bench headed by Chief Justice D Y Chandrachud said the main reliefs sought in the plea were more in nature of a legislative direction.

New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.

The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).