New Delhi, February 02, 2022: Digital Rupee is soon going to be a reality! Yesterday, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23. While presenting the Union Budget for 2022-23, in Parliament today, […]
Tag: Virtual Currency
NITI Aayog and Oracle sign a SoI to pilot drug supply-chain using blockchain
Blockchain will help fight the counterfeit drugs in India. NITI Aayog and Oracle signed a Statement of Intent (SoI) to pilot a real drug supply-chain using blockchain distributed ledger and Internet of Things (IoT) software. Apollo Hospitals and Strides Pharma Sciences will partner in this effort. The SoI was signed by Adviser NITI Aayog, Anna Roy […]
Blockchain technology can eliminate the 3 crore pending court cases
Amitabh Kant, CEO of Niti Aayog, recently participated in a session on Governing Advanced Technologies: Blockchain. He was there with the Prime Minister Narendra Modi and was participating at the World Economic Forum. Talking at the session, he highlighted how Blockchain technology can make a difference to India. He told the audience that in context […]
Virtual currencies like Bitcoin run on speculation, Finance Ministry cautions investors
After Singapore, it is India’s turn to warn consumers about the pitfalls of investing in virtual currencies like Bitcoin. Today, Finance Ministry has taken note of the surge in the prices of these virtual currencies and said that these virtual currencies don’t have intrinsic value and aren’t backed by any assets. It also said that […]
Ether Can Now Be Traded On Bitcoin Exchange Gemini
According to a report, the New York State Department of Financial Services has approved the Gemini Trust Company, LLC to allow trading of the emerging cryptocurrency ether on its bitcoin exchange. Governor Andrew M. Cuomo said, “This action continues New York’s long tradition of pioneering new innovations and emerging industries. With robust regulatory oversight, we are […]
European Commission to Clamp Down on Virtual Currency Transactions
Recently, ISIS threatened Britain with so savage a terror attack that it will ‘turn babies’ hair white.’ The threat was enough to send chills down the spines of anyone, and everyone. The European Commission has laid out an Action Plan for strengthening the fight against terrorist financing in its 15-page report a couple of days […]