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2 mins read
India’s Finance Minister Nirmala Sitharaman says she expects the central bank to roll out the country’s digital currency this year
The Indian government expects the Reserve Bank of India (RBI) to roll out its digital currency this…
2 mins read
India's foreign exchange reserves rose by USD 2.6 billion in the week ending May 10: RBI
The country's foreign exchange reserves had hit an all-time high of USD 648.562 billion recently. A…
ANI
1 min read
Russia's wealth fund could add China's yuan as the Kremlin explores other currencies while sanctions keep dollar and euro assets frozen
In addition to the yuan, Russia's roughly $200 billion wealth fund could add Indian rupees and Turk…
Phil Rosen
3 mins read
Infosys co-founder Nandan Nilekani wants crypto in India to be treated as an asset class but not a currency
Nilekani is often credited for kickstarting the IT boom in India and creating an industry un…
3 mins read
Taiwanese crypto exchange suspends trading in Rupees after TDS laws kick in
India’s new tax rules that collect 1% TDS on transfer of crypto and other virtual assets came into …
3 mins read
Emerging markets could be the next big frontier for crypto. A slew of politicians want to follow El Salvador and adopt bitcoin as legal tender.
Emerging markets could be the next big crypto frontier as central banks create digital currencies a…
Sophie Kiderlin
3 mins read
Around 90 million users flocked to crypto bandwagon in March 2022: Report
CoinDCX was the largest cryptocurrency exchange platform in India with over 40 million users in Mar…
2 mins read
A crypto 'fear and greed' indicator shows investors haven't been this worried in a year as bitcoin and other major digital assets are crashing
"An extremely fearful market like this has historically presented solid buying opportunities during…
Shalini Nagarajan
4 mins read
From cryptocurrencies to NFTs, India to tax all ‘virtual digital’ assets at 30%
India plans to tax cryptocurrency transactions at a rate of 30%. This is at par with the highest in…
1 min read
India's forex kitty rises by $6.40 billion to $642.50 billion
India's forex reserves increased by USD 6.396 billion to USD 642.492 billion for the week ended Mar…
PTI
2 mins read
India to take a considerate decision on regulation around cryptocurrency: Nirmala Sitharaman
The minister clarified that the government is open to promote innovation and well-grounded progress…
PTI
2 mins read
At USD 642.292 bn, India's foreign exchange reserves hit all-time high
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD …
ANI
3 mins read
Gold prices fluctuate as geopolitical tensions ease; US Fed meeting, payroll data to affect prices this week
Gold prices dropped by 2% last week, in what has been the first weekly drop in prices in six weeks.…
2 mins read
India leads in the total number of first-time crypto investors in the last three months, according to a new report
India is amongst the top three countries where crypto adoption has skyrocketed over the last three …
1 min read
Cryptocurrencies equivalent to gambling: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday reiterated that crypto currencies ar…
3 mins read
India’s definition of ‘virtual digital assets’ isn’t set in stone
The Indian government announced its plans to tax cryptocurrency transactions at a rate of 30% durin…
1 min read
RBI, government working in complete harmony on crypto: Nirmala Sitharaman
"With RBI & Ministry, not just on crypto but on every other thing as well, I think there's c…
2 mins read
India should ban 'Ponzi' private cryptos or risk wrecking the country's financial system, a top RBI central banker has warned
Private cryptocurrencies are worse than a Ponzi scheme, and could wreck India's ability to control …
Hamza Fareed Malik
4 mins read
This Asian currency performed much better than Rupee, and it's not Renminbi, Baht or Ringgit
While the sharp volatility in rupee movement has kept the market nervous, Finance Minister Nirmala …
2 mins read
China is doubling down on its bid to challenge the dollar's global dominance. Analysts lay out why it's unlikely to succeed.
"I'd rather be paid in US dollars than rand, real, rubles, rupees or yuans," Oanda analyst Jeff Hal…