Archives for digital currency
Budget 2021: Government To Ban Private Cryptocurrency, RBI Introduces Official Digital Currency
With the likely scenario of India’s government banning private cryptocurrencies, the Reserve Bank of India (RBI) is planning to introduce an official digital currency for the country. The government is all set to introduce a Cryptocurrency and Regulation of Official Digital Currency Bill that will create a ban on the private cryptocurrencies in India. In…
The post Budget 2021: Government To Ban Private Cryptocurrency, RBI Introduces Official Digital Currency appeared first on Analytics India Magazine.
China’s Blockchain Service Network (BSN) has plans to roll out a beta version of central bank digital currency (CBDC) by the second half of 2021. CBDC — first of its kind — is a digital version of the Chinese yuan. The move is expected to kick the Chinese economy into high gear and push the…
The post China To Roll Out Beta Version Of Its Digital Currency In 2021 appeared first on Analytics India Magazine.
France has assumed a dominant role in regulating large tech corporations companies in Europe, mandating a 3% digital tax on US firms like Facebook, Amazon and Google. Now, the country has announced that it would block the launch of Facebook’s Libra digital currency as may threaten Europe’s sovereignty. Finance Minister Bruno Le Maire said Libra…
The post Why Does France Think That Facebook’s Libra Project Is A Big Threat? appeared first on Analytics India Magazine.