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| Digital Currencies vs. Cryptocurrencies, Explained Digital money exists only in the digital form. It doesn't have any physical equivalent in the real world. Nevertheless, it has all the characteristics of traditional money. Just as classic fiat money, you can obtain, transfer or exchange it for another currency. You can use it to pay for the goods and services, ...
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| Exporters fret over currency's influence Food export value is likely to miss its target by 30 billion baht this year as the strong local currency has led to a drop in orders of many items such as shrimp, canned tuna, tapioca and fruit juice. Yongvut Saovapruk, president of the National Food Institute (NFI), said the value of food exports is estimated at ...
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| Economy to bear the brunt of erratic currency fluctuations LAHORE: The erratic fluctuation in the value of rupee not only hints at a lack of planning on part of the central bank but also lays bare the blind submission of country's economic managers to the diktats of International Monetary Fund's (IMF). Prudent devaluation does not create uncertainties, being ...
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Venezuelan Artist Using Worthless Currency as Art Canvases A Venezuelan artist has finally found a use for his country's bolivar currency in the form of art canvases, local website Venezuela al Día revealed. The project, undertaken by the 25-year-old tattoo artist and illustrator José León, is known as "Venezuela Devalued" and uses bolívar notes to "recreate great ...
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| Premium Currency to be Introduced in Early 2018 The latest Founders' Update has been published on the Crowfall site to provide folks with a bit more information about the forthcoming introduction of the game's premium currency. Called "Crowns", the currency will be available starting at $5 for 500 Crowns and discounts for larger purchases.
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| Counterfeit currency followup Fake notes: Two more accused arrested Indore: Police have on Wednesday arrested two persons and detained some others for questioning in connection with the counterfeit currency gang, which was busted on Tuesday. Four men were arrested on Tuesday for printing and circulating counterfeit currency in the city. It was learnt that the ...
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| Should Australia start its own cryptocurrency? On Wednesday, the head of Australia's Reserve Bank said the normally staid and boring institution had been looking into these digital currencies and was even considering creating its own — a digital currency version of the Australian dollar. An Australian digital currency would be a wild and fascinating ...
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| South Korea to tax Bitcoin profits, ban foreigners from trading South Korea will ban minors and foreigners from trading in virtual currency or creating bank accounts for them in the country, the government announced. It will also tax profits from income from virtual currency and impose stricter authentication for traders, the Office of Government Policy Coordination, ...
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| UAE, Saudi Arabia plan to launch joint digital currency The central banks of the two nations had previously expressed scepticism about the credibility and stability of digital currencies such as bitcoin, with the UAE Central Bank saying it did not recognise bitcoin as an official currency, according to reports. Subsequently, in July, the Saudi central bank warned ...
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