The authority warned that trading cryptocurrencies is "highly risky" and not suitable for the general public, as the prices of crypto are subject to sharp speculative swings.
Internet Is Facing A Great Risk! So How BIG Is The BUG. Millions of devices are at hacking risk as Internet is facing one of the most serious vulnerabilities in recent years.
Rao, who served as the governor of RBI from 2008 to 2013, said CBDC also needs robust data protection laws.
"The cryptocurrency bill may have little impact on FII flows as the FIIs are not expected to deal in these while investing in any markets going by current trends."
The most common method for producing crypto-assets requires enormous amounts of electricity and generates large CO2 emissions.
In India, the upcoming Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to prohibit all private cryptocurrencies in India.
Centre on Tuesday listed a new bill for the upcoming Winter Session of Parliament which will seek to ban all private cryptocurrencies in the country, while allowing an official digital currency to be issued by the RBI.
Some of the most high-profile ransomware attacks of the year involved ransomware-as-a-service (RaaS), including an attack against Colonial Pipeline in the US by a 'DarkSide' affiliate.
"It is important that all democratic nations work together on this and ensure it does not end up in wrong hands, which can spoil our youth," PM Modi said referring to cryptocurrency.
A recent advertisement by the Blockchain and Crypto Assets Council (BACC), a part of Internet and Mobile Association of India (IAMAI), and industry players like CoinSwitch Kuber, CoinDCX, WazirX and Zebpay, claimed that crores of Indians have invested over Rs 6 lakh crore in crypto assets.
The high-level meeting comes after RBI Governor Shaktikanta Das sounded an alarm on cryptocurrencies, cautioning investors on the potential pitfalls of the digital currency.
Started in 2013, Unocoin operates India's largest BTC-INR trading platform which enables people to buy, sell, store, use and accept Bitcoin.
Hyper Fund, a DEFI by Hyper Tech Group has come under the radar recently. The Group claims to have launched the Hyper Fund to provide a decentralized financial infrastructure
From gold to crypto, it seems Indians are changing their investment preferences! According to the 2021 Global Crypto Adoption Index by blockchain data platform Chainalysis, India has ranked second, in a poll of nations that use cryptocurrency the most.
Twitter CEO Jack Dorsey has announced plans to consider making a hardware wallet for Bitcoin for the customers of its digital payments services company Square.
"Why not just make a crypto from scratch that does everything you want technically and has a lot of dev support and doesn't have high concentration of ownership at least initially?" a user asked Musk on Saturday.
"India needs its own crypto unicorns and better regulations and for this, we must encourage our entrepreneurs to build for crypto"
New York: The body of a “brilliant” Indian origin cryptocurrency expert has been found floating in the Hudson River in this city, according to media reports. Shuvro Biswas, 31, was…
New Delhi: Reserve Bank of India Governor Shaktikanta Das on Thursday said that the central bank has flagged major concerns over cryptocurrency to the government. Speaking at the Times Network India Economic Conclave, the Governor said that digital currency is one thing and the cryptocurrencies which are being traded in the market is something else. […]
New Delhi: With Union Finance Minister Nirmala Sitharaman saying that all windows on cryptocurrencies will not be closed down, industry stakeholders on Monday said that a positive move at this point can unleash a host of opportunities for the country. Her comments at an India Today conclave last week came amid speculation that the government […]
Mumbai: With the government planning to introduce an official digital currency, industry body Internet and Mobile Association of India (IAMAI) on Monday said that the move need not necessarily lead to a “ban” on other crypto assets. Fiat digital currency serves a totally different purpose than the other crypto currencies in India and both of […]
New Delhi: The world’s most well-known cryptocurrency Bitcoin has witnessed a sharp rise and fall over a couple of days and on Monday, it fell sharply, losing ground from a record high of $34,800 to almost $30,000, with traders citing volatility in the highly leveraged futures markets. Earlier, the world’s most well-known cryptocurrency smashed through […]
New Delhi: Cryptocurrency exchange CoinDCX on Tuesday said it raised Rs 100 crore ($13.9 million) in its series B round led by Block.one. The funding round also saw the participation of DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures and Alex Pack, CoinDCX said. This makes for the third round of funding […]
New Delhi: There is good news for bitcoin investors as the leading cryptocurrency rose as high as $19,900, breaking the previous intraday record of $19,783.21 set three years ago, according to data and news provider CoinDesk. Bitcoin breached the record on Monday and year to date, the cryptocyurrency has gained 167 per cent, according to […]
New Delhi: The Libra Association, which manages Facebook’s cryptocurrency project, will launch a single coin backed by one dollar as early as January, The Financial Times reported on Friday. The Libra Association would launch other currencies and a “digital composite” of all of its coins at a later date. However, according to critics, moving to […]