Digital Currency
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Digital rupee pilot project to be launched on Tuesday, says RBI
The digital currency is equivalent to the banknote but will be issued in electronic form.
Scroll Staff
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A stablecoin’s collapse shows the time for allowing the sector freedom to innovate has passed
Regulation is essential.
Matthew Shillito, The Conversation
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Digital rupee: The history of Indian currency shows that monetary revolutions are messy processes
Finance Minister Nirmala Sitharaman’s announcement of a new monetary creature is uncannily similar to India’s transition to paper currency in the 19th century.
Shweta S Banerjee
Trending
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Beyond the hype: Why the BJP is eyeing Tamil Nadu’s most prosperous region
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The Tamil Nadu voter who views the BJP as a threat to the education system
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Husna Bai: The tawaif who made Hindustani music a respectable profession for women artists
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View from the Margins: A Dalit Christian explains why he will be voting for change
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ED searches increased by 86 times under Modi government compared to UPA decade: Report
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Why it seems impossible to actually regulate cryptocurrency
Virtual currencies need oversight. But with anonymous transactions spanning country borders and a volatile market, the challenges are significant.
Pratip Kar
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Nigeria’s digital currency eNaira could be a step towards regional monetary integration in Africa
While the digital token is not perfect, it has the potential to solve the challenge of the inconvertibility of African currencies.
Iwa Salami, The Conversation
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RBI has proposed including digital currency under definition of bank note, Centre tells Lok Sabha
The proposed amendment to the Reserve Bank of India Act is significant as only the central bank can issue bank notes in the country.
Scroll Staff
Video
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Watch: Unbelievable scenes of flooding in Dubai airport, streets, and malls after heavy rain in UAE
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Indian elections: How secure is the EVM-VVPAT process?
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Watch: Footballers of Indian clubs walk out on the pitch with dogs to get them adopted
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Watch: Dogs wag their tails to ‘conduct’ classical music orchestra
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Watch: Glimpses of Indian singer Sid Sriram’s debut performance at Coachella 2024
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India’s digital rupee will be a true success only if its benefits extend to no-internet areas
Like digital payments through QR codes, analysts believe widespread adoption of RBI’s digital currency will take at least five to seven years.
Mimansa Verma, qz.com
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Everything you need to know about RBI’s planned digital currency
What are its benefits and risks?
Nidhi Jacob, Factchecker.in
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El Salvador has made Bitcoin legal tender. Here’s why it could all go wrong
There is compelling evidence to show the cryptocurrency’s unsuitability for use as a real currency.
John Hawkins, The Conversation
The Reel
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Watch: ‘The Broken News’ returns for a second season
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‘Dil Dosti Dilemma’ trailer: A teenager bonds with her grandparents during a summer vacation
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‘Silence 2: The Night Owl Bar Shootout’ review: A bland cop meets a dull case
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‘Juna Furniture’ trailer: Mahesh Manjrekar directs and stars in film about ageing
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Start the week with a film: In ‘Tokyo Sonata’, the unequal music of an emotionally distant family
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‘RBI has major concerns about cryptocurrency,’ says Shaktikanta Das
The RBI governor said that the concerns have been flagged to the government, which is expected to take a call on the matter.
Scroll Staff
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Why is Bitcoin’s price at an all-time high? And how is its value determined?
The world’s largest cryptocurrency by market capitalisation has become a hedge against looming inflation and poor returns on other types of assets.
Jason Potts, The Conversation & Kelsie Nabben, The Conversation
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India’s Supreme Court has overturned an order banning cryptocurrencies. What should be next?
In April 2018, the Reserve Bank of India posited that virtual currencies posed a risk to the country’s banking system.
Ramani "Ram" Ramachandran, qz.com & Anirudh Rastogi, qz.com
The Field
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Paris Olympics 2024: Long jumper Sreeshankar Murali ruled out of Games with knee injury
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Badminton: Kento Momota, former world champion, announces international retirement
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Chess, Candidates 2024: Gukesh Dommaraju drops to second after draw against Fabiano Caruana
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Endgame: Indian Grandmasters are daring to dream at the 2024 Candidates
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IPL 2024: Delhi Capitals bowlers shine as they defeat Gujarat Titans in low-scorer