Blockchain & crypto news from India
The retail pilot for RBI’s CBDC, launched December last year, is now in its fifth month. With over five thousand merchants enrolled to participate by eight banks, the e-Rupee is the answer to the rise of cryptocurrencies as a payment medium, and will be the national digital currency of India with the use of a…
While the Western world is in no hurry with the CBDC, two more countries have announced their upcoming CBDC pilots. Japan has been experimenting with the CBDC technology for some time, and will now launch a pilot CBDC in April 2023. The testing phase was done by PoCs, and the pilot will further test the…
In response to what it refers to as “sham” secession votes in four regions of Ukraine, the European Union has confirmed a broad ban on offering crypto services to Russians. At the same time, sanctions are being tightened. CoinDesk broke the story first last week. After the invasion of Ukraine in February, the union enacted…
Three recent big developments in world adoption of cryptocurrency indicate more and more interest in offering services to crypto investors. The developments come from Israel, France, and Estonia, supported by news from Russia and the US. Israel had renewed its crypto legal rules back in 2016, and has now granted a license to crypto exchange…
Has the bear market dented the confidence of investors around the world in cryptocurrencies? Which countries are leading the pack in terms of cryptocurrencies deposited in exchanges and other investing platforms such as De-Fi? Chainalysis will be publishing a full report this October, and in a blog post has given a peek into the major…
The world economy has been facing diverse challenges from recession due to the COVID-19 pandemic; and now there is the Russia-Ukraine war. COVID-19 dealt a heavy blow to the world economy and many people lost their lives to the pandemic. The recent happenings in Russia-Ukraine are a bit different. Cost of opportunity This is not…