Crypto Stories: YouTuber Paco de la India explains his travels using Bitcoin
The Bitcoiner had visited eight different countries out of his goal of forty and was in Africa at the time of Cointelegraph’s interview. Go to Source Powered by WPeMatico
India
Auto Added by WPeMatico
Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble’s exchange rate, Charles Lichfield, … Read more
Indian Government’s Chief Economic Adviser Warns of Danger in Crypto, Defi Without Regulation
The Indian government’s chief economic adviser has warned about innovations like crypto and decentralized finance (defi) in the absence of regulation. “We may not be fully aware or comprehend the kind of forces we are unleashing ourselves,” he opined. Indian Government’s Chief Economic Adviser Skeptical of Crypto, Defi, Decentralization The Indian government’s chief economic adviser … Read more
CBDCs can “kill” private crypto: India’s RBI deputy governor to IMF
“One of the reasons it is so successful is because it’s simple,” he added while comparing the Unified Payments Interface’s (UPI) growth with blockchain technology. Go to Source Powered by WPeMatico
India cooperates with IMF on crypto consultation paper
The document, which could define a national framework for digital assets, is almost ready. Go to Source Powered by WPeMatico
India to roll out CBDC using a graded approach: RBI Annual Report
Halfway through 2022, at the proof of concept stage, RBI is in the process of verifying the feasibility and functionality of launching a CBDC. Go to Source Powered by WPeMatico
Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate. Go to Source Powered by WPeMatico
India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country.” RBI’s Crypto Warnings and Dollarization of Economy The Reserve Bank … Read more
Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO
“I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling,” said Coinbase CEO Brian Armstrong. Go to Source Powered by WPeMatico
Indian central securities depository to back up its monitoring of bonds by blockchain
In the future, India’s NDSL and the Securities Board division will welcome other entities to join the decentralized network. Go to Source Powered by WPeMatico