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Cryptocurrency

Digital currency

5th May – China’s digital currency

China’s digital currency The People’s Bank of China has just launched its new digital currency, the digital yuan or renminbi. Details – In the initial pilot phase, the currency with its specific app will be available for download and use in cities such as Shenzhen, Chengdu, Suzhou, and the Beijing “smart suburb” of Xiongan. This …

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Cryptocurrency

6th March – Cryptocurrency

Figuring out risks posed by cryptocurrency On April 6, 2018, the RBI issued a prohibition on all dealings in cryptocurrency by regulated entities. Recently, the Supreme Court has annulled this circular of the RBI. How cryptocurrency is different from normal currency? The money we use (fiat currency) is a product of lending by institutions (commercial …

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