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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Canada: Amid anti-immigration rhetoric, curbing international students is a knee-jerk reaction
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‘Be freed from what holds you back’: Poems by Buddhist women from the Murty Classical Library
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By mixing Carnatic and Hindustani, Mysore’s kings helped create a unique body of music
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We will leave India if told to break encryption: WhatsApp tells Delhi HC
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Why Calcutta HC struck down 25,000 teachers’ appointments and how it could impact the election
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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: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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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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Aditi Rao Hydari on playing diverse characters: ‘I want the audience to take me home with them’
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The story of India’s unique ‘Milk Revolution’ is going to the Cannes Film Festival
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The story behind the ‘Kuch Kuch Hota Hai’ title track: ‘Just write very simple poetry’
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‘Juna Furniture’ review: A simplistic crusade against the neglect of senior citizens
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‘Late Night with the Devil’ review: A deft satire on the price of success
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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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Athletics, Asian U20 C’ships: Harshit Kumar wins hammer throw gold as India’s medal tally increases
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Archery, World Cup Shanghai: Indian compound archers sweep all three team event gold medals
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IPL 2024: Jonny Bairtsow shines as Punjab Kings beat Kolkata Knight Riders in record-breaking match
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IPL 2024: ‘Save the bowlers’ – Reactions as Punjab chase down record total against Kolkata
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Paris Olympics 2024: Nethra Kumanan secures India’s second quota in sailing