Don’t create ‘fear psychosis’ on privacy concerns: RBI governor Shaktikanta Das

Don’t create ‘fear psychosis’ on privacy concerns: RBI governor Shaktikanta Das

Reserve Bank of India governor Shaktikanta Das, at a press conference at the RBI head office, in Mumbai, on December 7, 2022. | Photo Credit: AP Asserting that the newly-introduced Central bank digital currency (CBDC) does not leave any trail with a bank, RBI governor Shaktikanta Das on December 7 said there is no need […]

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Pilot for retail digital rupee to begin on December 1

Pilot for retail digital rupee to begin on December 1

Image for representation purpose only. | Photo Credit: Getty Images The Reserve Bank of India (RBI) on November 29 announced that the first pilot for the retail version of the digital Rupee (e₹-R) would be introduced on December 1, 2022. It may be recalled that the RBI had on October 31 indicated that the pilot in […]

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Nirmala Sitharaman nudges fintech players to have more engagement with government

Nirmala Sitharaman nudges fintech players to have more engagement with government

Nirmala Sitharaman said everyone in the government, whether the Prime Minister, Ministers or think-tank Niti Aayog, is constantly available for engagement, discussions, and exchange of ideas Nirmala Sitharaman said everyone in the government, whether the Prime Minister, Ministers or think-tank Niti Aayog, is constantly available for engagement, discussions, and exchange of ideas Finance Minister Nirmala […]

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Australian crypto ownership warrants consumer protection according to securities watchdog ASIC

Australian crypto ownership warrants consumer protection according to securities watchdog ASIC

The Australian Securities and Investments Commission (ASIC) survey of 1,053 retail investors found 44% reported holding cryptocurrency The Australian Securities and Investments Commission (ASIC) survey of 1,053 retail investors found 44% reported holding cryptocurrency Nearly half of Australian retail investors owned cryptocurrency in late 2021 and more got their information from YouTube videos than from […]

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Privately issued but regulated digital currencies have benefits, say central bank chiefs

Privately issued but regulated digital currencies have benefits, say central bank chiefs

The benefits would hinge on how such private companies issuing digital assets are regulated The benefits would hinge on how such private companies issuing digital assets are regulated Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor said […]

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Bitcoin falls to fresh 18-month low as crypto meltdown deepens

Bitcoin falls to fresh 18-month low as crypto meltdown deepens

Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has lost around 28% since Friday and more […]

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