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India cracks down on bitcoin and hints it may launch its own digital currency The Reserve Bank of India (RBI) has initiated a crackdown on cryptocurrencies such as bitcoin, even as it considers a proposal for issuing its own digital currency. All affiliated banks have been asked not to have any business relationship with entities dealing in virtual currencies. This may mean the end ...
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The S-Coin is not a crypto-currency, but it may be one day In this context, concluded Crichton, it is important to separate such initiatives from money-focused crypto-currencies. "Even when such tokens might provide a financial benefit, such as a discount on subway fares or housing, these tokens are not designed to be fungible currencies in the same way that ...
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RBI to study introduction of central bank digital currency Virtual Currencies (VCs), also variously referred to as crypto currencies and crypto assets, "raise concerns of consumer protection, market integrity and ... Given the rise of online currencies such as bitcoin, RBI today said a group will study the desirability and the feasibility to introduce a central bank ...
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RBI may introduce its own version of digital currency NEW DELHI: The Reserve Bank of India (RBI) on Thursday that it is looking at the possibility of introducing a 'central bank digital currency'. Briefing the media at the end of the two-day meeting of Monetary Policy Committee(MPC) of the RBI, Deputy Governor B P Kanungo said, "While many central ...
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