Digital Currency Archives

Reserve Bank Launches Digital Currency In India, Know Its Benefits!

Aditi priya singhDecember 1, 20220

Now there will be no need to carry cash in pocket and there will be no compulsion for online payment through any third party app. Today India's retail digital rupee is going to be launched. The Reserve Bank of India (RBI) has announced plans to launch it as a pilot project. Let us tell you that before this, the Reserve Bank of India has started the Central Bank Digital Currency (CBDC) in the country on an experimental basis from November 1. Not only India, CBDC is currently being worked on in almost half the countries of the world. Let's understand, what is this currency, how it works and which country has progressed so much in this innovation. What is central bank digital currency(CBDC) ? The electronic currency issued by the central bank of a country is called CBDC. It is used i...

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Breaking Down Cryptocurrency: Perspectives On Future Of Blockchain And Digital Finance In India

Sayani ChakrabortySeptember 23, 20220

As the Internet of Things (IoT), artificial intelligence (AI), genetic engineering, and other technologies continue to develop, India is on the threshold of a historically momentous era. New methods of doing business, making payments, and increasing productivity are emerging at a breakneck pace because of this accelerating pace of innovation across all sectors. In the driver's seat lies the crucial Blockchain technology, which is frequently confused with digital currency. In other words, we need to separate technology from its applications. Indeed, digital money is one of the early use of blockchain technology. IBM describes blockchain technology as "a shared, unchangeable ledger that supports the process of recording transactions and monitoring assets in a corporate network." Real ...

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Rising Popularity Of Cryptocurrency And Plight Of Business Schools

Sayani ChakrabortyAugust 22, 20220

There has been a tremendous increase in the value of cryptocurrencies over the last few years, and the market size of cryptocurrency is projected to expand to more than $1080 million by 2026. Since then, this innovation has skyrocketed and gained widespread interest. To date (2021), 97% of global tyre users have indicated trust in and optimism about the digital asset. As recently as a few years ago, even business schools showed little enthusiasm for incorporating cryptocurrency education into their curricula. They didn't think it was real and assumed the technology will go away soon. Despite the doubts, cryptocurrency study is being included in MBA programmes. Since 2013, the market for cryptocurrencies has grown by more than 90%, and there are now more than 4000 different kinds of cryp...

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Ukraine Signs Legal Framework For Cryptocurrency After Receiving Millions Of Digital Donations

Snehashish RoyMarch 18, 20220

Ukraine has passed a law to legalise cryptocurrency in the country amid their high-tension confrontation with the Russian army against the invasion of their country. The bill to create a legal framework for the cryptocurrency industry in Ukraine was adopted last month in their parliament. President Volodymyr Zelenskyy signed it into law on March 16. This law will enable Ukrainian and foreign cryptocurrencies to exchange legally and allow crypto companies to open their bank accounts, according to Ukraine's digital transformation ministry. It determines the ownership, classification and legal status of virtual assets. “From now on, foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies. It is an important step towards...