Category Archives: Blog

India Finalising Consultation Paper on Cryptocurrencies, Says DEA Secretary Ajay Seth

The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, says Economic Affairs Secretary Ajay Seth. He also underlined the need for a global response to deal with issues concerning cryptocurrencies as these operate in the virtual world.Read More

China Plans to Airdrop $4.5 Million in e-CNY to Shenzhen Dwellers, Bids Big on CBDC

A total of $4.5 million (roughly Rs. 34 crore), wrapped in e-CNY, will be airdropped in China’s Shenzhen city till June 9. People will be able to use their e-CNY tokens to pay for food, clothing, housing, and transportation. China is expanding its Digital Yuan adoption programme in more cities to get more people to…