Reserve Bank of India governor Shaktikanta Das today warned investors to exercise caution when investing in crypto-currencies. “I have made our position very clear on this. Private crypto currency or whatever you call it, is a very big threat to our macro-economic and financial stability. “RBI’s position is that private crypto-currencies will interfere with RBI’s […]
Christopher Wood, one of the few analysts to warn the public before the 2007 global financial crisis and head of Equity Strategy at brokerage house Jefferies and bitcoin investor, warned that crypto valuations are vulnerable if the US central bank follows through on its plans to tighten money supplies. Wood, a former journalist who also […]
The government of India today said it will introduce a digital rupee — a central bank digital currency — in the year starting April 2022. The move was announced by finance minister Nirmala Sitharaman. With this, India has become one of the few countries in the world to announce a date for the introduction of […]
Someone like me would make an ideal bitcoin enthusiast – libertarian by political persuasion, open source enthusiast, early adopter of all kinds of technologies, hater of big government and possessor of what my wife calls a ‘mildly paranoid personality’. Yet, try as I might, I just can’t see bitcoin as anything other than the most […]
Wipro Ltd said it has helped deploy a new information technology system to kick off the digitization of the currency in Thailand. The achievement marks a small, but crucial step in what many consider the inevitable evolution of money into a more convenient digital format. DIGITAL PAYMENT vs BLOCKCHAIN At present, digital money is handled […]
Two companies belonging to the Aditya Birla Group issued clarifications that they were not impacted by an attempted hacking of computers as reported in media reports. Telecom services provider Idea Cellular and financial services firm Aditya Birla Capital said they were not impacted. However, a third firm, Ultratech Cement, said there was an attempt “to […]
Finance Minister Arun Jaitley said there was no law on the use of bitcoin and similar crypto currencies in India, and users of such currencies may not get recourse to legal remedies for any damage. However, Jaitely added that the government has set up a committee that is expected to come up with suggestions for […]
