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| Gold only alternative currency to have worked: Uday Kotak A firm believer in formal banking systems, eminent banker Uday Kotak feels gold is the only alternative currency that has worked ever without any state support and sees no regulatory backing in immediate future for numerous crypto currencies that have cropped up. The most famous among all, bitcoin ...
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| India: Bitcoins-Global Currency Local Taxability Currently, each country has its own currency and it derives its value and trust amongst its users from the sovereign backing. It is tangible in nature and its transaction is facilitated and its balances are maintained by trusted third parties like Banks. Each currency derives its value in the international market ...
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| A familiar pattern is starting to develop in the currency market Equities in Europe has opened with a sea of red, and that's enough of a signal for FX traders to reaffirm the current market sentiment. As fear starts spreading across the continent (from Asia to Europe), it's triggering a safe haven play on the back of risk off sentiment. That's helping to underpin bonds in ...
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