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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‘Heeramandi’ review: Lahore Luxe tawaif saga runs on empty
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Why Justice Datta’s attack on petitioner in VVPAT verdict is worrisome for PILs
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Faltering economy, poor citizens, South Asia’s bully: The reality of India’s global ambitions
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How Hindutva is reshaping India’s classrooms
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Fact-checking five days of Narendra Modi’s speeches: A catalogue of lies
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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: School authorities turn classroom into swimming pool to encourage attendance during heatwave
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Watch: Woman recreates pet parrot’s choreography
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Watch: Neighbours rescue infant from second floor sunshade after she fell from fourth floor balcony
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Video: Listen to this acapella version of Shankar Mahadevan’s ‘Breathless’ by four singers
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Watch: Argentinian woman is crowned Miss Universe Buenos Aires at 60
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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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‘Naach Ga Ghuma’ review: Soft landings in saga of a woman and her missing maid
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‘Heeramandi’ review: Lahore Luxe tawaif saga runs on empty
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‘The Fall Guy’ review: Ryan Gosling and Emily Blunt sparkle in entertaining action comedy
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‘Mufasa: The Lion King’ trailer: Barry Jenkins directs prequel to 2019 photorealistic animated film
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Start the week with a film: A divorce from hell in ‘The War of the Roses’
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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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Fitness watch: Project launched in England to study causes of ACL injuries in women’s football
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IPL 2024: Bowlers, Marcus Stoinis help Lucknow Super Giants beat Mumbai Indians
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India tour of Bangladesh: Radha Yadav, D Hemalatha propel visitors to win in rain-marred second T20I
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ICC T20 World Cup 2024: Rishabh Pant, Sanju Samson included in Rohit Sharma-led India squad
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Badminton, Uber Cup 2024: India lose to China in group stage-decider; progress to quarter-final