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Digital Pound Benefit Assessment Conducted in UK as CBDC Rollout Comes Close
On the order of the UK Parliamentary Committee and the House of Commons, the Bank of England and the UK Treasury have analysed the benefits that could entail the launch of this CBDC. As part of the assessment, the Bank of England said CBDCs could reduce higher payment costs faced by smaller merchants among other findings.
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Sri Lanka Not Averse To Using Indian Rupee As Common Currency: President
Sri Lanka would want to see the Indian rupee used as much as the US dollar, President Ranil Wickremesinghe has said, days ahead of his first official visit to New Delhi.
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Brazil, Argentina Discuss Plans To Develop Common Currency
Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva
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Digital Rupee Pilot Has Blockchain Components, Features Of Physical Cash: Government
Central Bank Digital Currency pilot in the retail segment has components backed by blockchain technology and has several common features with physical cash, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha on Monday.
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Aggressive Rate Hike Bets Boost Euro And Bolster US dollar
The dollar was firm on Wednesday as hawkish Federal Reserve comments pointed to higher interest rates, while rate-hike bets in Europe also have the common currency clinging on above parity.
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A Top US Recession Indicator Hits Levels Last Seen In 2007, Before Financial Crisis
The US economy may be heading into a recession, according to a commonly accepted indicator, after inflation there surged to a more-than-expected 40-year peak, increasing bets for a 100 basis points rate hike by the Federal Reserve later this month.
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Bitcoin ATMs Become More Common, Over 880 Machines Installed in June Already: Report
Crypto ATMs allow people to exchange their fiat currencies into crypto tokens and vice versa. Owing to their utility value, the number of BTC ATMs cropping up around the world has risen in the month of June this year, a report by Coin ATM Radar has claimed in its recent report. While US has the most number of crypto ATMs — Genesis Coin, General B...
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5 Different Types Of Cryptocurrencies And Their Importance
Cryptocurrency has become a common point of discussion in most finance-related conversations, gaining acceptance as an alternate mode of payment to fiat currency
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Coronavirus "Extremely Robust" For 28 Days On Glass, Currency: Study
The new coronavirus may remain infectious for weeks on banknotes, glass and other common surfaces, according to research by Australia's top biosecurity laboratory that highlights risks from paper currency, touchscreen devices and grab handles and rails.
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G20 Sets Ground Rules Ahead of Facebook's Libra Stablecoin
The world's leading economies need to plug gaps in their rulebooks to avoid digital currencies like Facebook's planned Libra stablecoin from undermining financial stability, the Group of 20 Economies' (G20) regulatory watchdog said on Tuesday.
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Notes Ban "Satisfied Agenda Of Few People," Alleges Mamata Banerjee
West Bengal Chief Minister Mamata Banerjee on Thursday alleged that the notes ban move was initiated for the benefit of a handful of people, saying the common people were the worst sufferers.
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GST: LPG, Jewellery, Currency Among Common Use Items Exempt From E-Way Bill Provision
The electronic permit would have to be generated when consignment value exceeds Rs 50,000 and is optional if the value is less than that.
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Congress To Hold Country-Wide Protests Against Notes Ban From January 5
Congress on Monday announced it will hold country-wide protests on January 5 at all district headquarters and on January 8 at the block level to highlight the common man's woes due to demonetisation and the "personal corruption" by Prime Minister Narendra Modi.
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Demonetisation Decision Taken With 100% Political Interests: Mayawati
Claiming that the Modi government has taken the demonetisation decision in a hurry with "hundred per cent" political interests of BJP in mind, BSP chief Mayawati today said it has caused difficulties to 90 per cent of the common people.
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Supreme Court To Hear Petitions Challenging Demonetisation On December 2
The Supreme Court today fixed on December 2 the hearing on a batch of petitions challenging the constitutional validity of the decision to demonetise currency notes of Rs 1,000 and Rs 500 and the inconvenience faced by the common man due to it.
-
Digital Pound Benefit Assessment Conducted in UK as CBDC Rollout Comes Close
On the order of the UK Parliamentary Committee and the House of Commons, the Bank of England and the UK Treasury have analysed the benefits that could entail the launch of this CBDC. As part of the assessment, the Bank of England said CBDCs could reduce higher payment costs faced by smaller merchants among other findings.
-
Sri Lanka Not Averse To Using Indian Rupee As Common Currency: President
Sri Lanka would want to see the Indian rupee used as much as the US dollar, President Ranil Wickremesinghe has said, days ahead of his first official visit to New Delhi.
-
Brazil, Argentina Discuss Plans To Develop Common Currency
Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva
-
Digital Rupee Pilot Has Blockchain Components, Features Of Physical Cash: Government
Central Bank Digital Currency pilot in the retail segment has components backed by blockchain technology and has several common features with physical cash, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha on Monday.
-
Aggressive Rate Hike Bets Boost Euro And Bolster US dollar
The dollar was firm on Wednesday as hawkish Federal Reserve comments pointed to higher interest rates, while rate-hike bets in Europe also have the common currency clinging on above parity.
-
A Top US Recession Indicator Hits Levels Last Seen In 2007, Before Financial Crisis
The US economy may be heading into a recession, according to a commonly accepted indicator, after inflation there surged to a more-than-expected 40-year peak, increasing bets for a 100 basis points rate hike by the Federal Reserve later this month.
-
Bitcoin ATMs Become More Common, Over 880 Machines Installed in June Already: Report
Crypto ATMs allow people to exchange their fiat currencies into crypto tokens and vice versa. Owing to their utility value, the number of BTC ATMs cropping up around the world has risen in the month of June this year, a report by Coin ATM Radar has claimed in its recent report. While US has the most number of crypto ATMs — Genesis Coin, General B...
-
5 Different Types Of Cryptocurrencies And Their Importance
Cryptocurrency has become a common point of discussion in most finance-related conversations, gaining acceptance as an alternate mode of payment to fiat currency
-
Coronavirus "Extremely Robust" For 28 Days On Glass, Currency: Study
The new coronavirus may remain infectious for weeks on banknotes, glass and other common surfaces, according to research by Australia's top biosecurity laboratory that highlights risks from paper currency, touchscreen devices and grab handles and rails.
-
G20 Sets Ground Rules Ahead of Facebook's Libra Stablecoin
The world's leading economies need to plug gaps in their rulebooks to avoid digital currencies like Facebook's planned Libra stablecoin from undermining financial stability, the Group of 20 Economies' (G20) regulatory watchdog said on Tuesday.
-
Notes Ban "Satisfied Agenda Of Few People," Alleges Mamata Banerjee
West Bengal Chief Minister Mamata Banerjee on Thursday alleged that the notes ban move was initiated for the benefit of a handful of people, saying the common people were the worst sufferers.
-
GST: LPG, Jewellery, Currency Among Common Use Items Exempt From E-Way Bill Provision
The electronic permit would have to be generated when consignment value exceeds Rs 50,000 and is optional if the value is less than that.
-
Congress To Hold Country-Wide Protests Against Notes Ban From January 5
Congress on Monday announced it will hold country-wide protests on January 5 at all district headquarters and on January 8 at the block level to highlight the common man's woes due to demonetisation and the "personal corruption" by Prime Minister Narendra Modi.
-
Demonetisation Decision Taken With 100% Political Interests: Mayawati
Claiming that the Modi government has taken the demonetisation decision in a hurry with "hundred per cent" political interests of BJP in mind, BSP chief Mayawati today said it has caused difficulties to 90 per cent of the common people.
-
Supreme Court To Hear Petitions Challenging Demonetisation On December 2
The Supreme Court today fixed on December 2 the hearing on a batch of petitions challenging the constitutional validity of the decision to demonetise currency notes of Rs 1,000 and Rs 500 and the inconvenience faced by the common man due to it.
