Page 8 - Digital Currency

Take a cautious approach in launching a digital currency, says report

Developing it could have some hazards, including those to institutions, end-users, and reputation of the central bank, says NCAER working paper

India should take caution in introducing CBDC, says NCAER report

The report says that while a CBDC would have more penetration, the reach of Unified Payments Interface is widespread.

Regulating crypto assets, digital currency India's priorities: IMF official

Regulating crypto assets and digital currency, addressing remaining regulatory concerns in banking and integrating with the global economy are among the few mid-term structural issues for India

UPI to stay on top; digital currency to drive payments in next 5 years

UPI will likely continue to dominate the digital payments space in the country, a study has said

Anonymity in CBDC payments may mostly be same as cash payments: RBI Dy Guv

T Rabi Sankar said it will have to be decided whether achieving anonymity of transactions can be done using technology or the law

What is going to change for income tax payers from today?

A set of changes related to income tax are coming into effect from the first day of the new financial year. One of the highlights is the 30% tax on cryptocurrency gains. What are the other changes?

Centre may seek crypto log on transactions from banks, exchanges

Sale and purchase of digital assets will reflect in the AIS

Best of BS Opinion: A sub-optimal solution, handle with care & more

Here are the best of BS Opinion pieces of the day

Handle with care

Address risks before introducing CBDC

Digital Rupee with specific end use to improve efficacy: Deloitte

Digital Rupee can play a big role in reducing the cost of cash since the country India has a relatively large proportion of cash in circulation as a percentage of GDP compared to other countries

We see clear advantages in a central bank driven digital currency: FM

FM Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the RBI and the government sees clear advantages in a central bank driven digital currency

Joe Biden expected to sign executive order on cryptocurrency this week

President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded

TMS Ep 122: Airfare hike, Richard Turrin, volatile market, bird flu

What does crude oil price rise mean for India's air travel? What is Richard Turrin's take on China's digital currency? Should you brace for more volatile market? What is bird flu? All answers here

Richard Turrin on China's official digital currency

In a chat with Business Standard's Vikram Gopal, author and fintech expert Richard Turrin tells about how China is moving ahead with its digital currency. He also clears some air on its Indian version

Cryptos: Bitcoin, Ether dive as Russia's assault on Ukraine rocks markets

The largest token fell as much as 8.5% to $34,337 after Vladimir Putin's push to demilitarise Ukraine started with a barrage of missile attacks on Thursday

Crypto prices: Bitcoin climbs back above $44k as appetite for risk returns

Other digital tokens also increased, with Ether jumping 7%, Solana up more than 9% and DeFi favorite Aave also up around 7%

Discussions on with RBI over digital currency: Finance Minister Sitharaman

Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year

Taxing income doesn't give cryptos legitimacy: FM Sitharaman

'I am not going to legalise it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input,' says FM in Parliament

Monetary policy: RBI cautious on CBDC; cap on e-RUPI vouchers at Rs 1L

In line with the Budget announcement, RBI governor Shaktikanta Das said that central bank digital currency (CBDC) will be launched in the next fiscal year

Cautiously progressing to introduce CBDC; do not want to rush it: RBI Guv

In her Budget 2022-23 speech, Finance Minister Nirmala Sitharaman had announced that the RBI will introduce a digital currency in the next financial year beginning April 2022