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NIA Court Sentences UP Man To 10 Years In Jail For Smuggling Fake Currency
A National Investigation Agency (NIA) court here sentenced a man to 10 years of rigorous imprisonment (RI) on Thursday for his involvement in the smuggling of fake Indian currency notes.
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What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
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With YouTube As Guide, UP Men Printed Rs 500 Notes On Rs 10 Stamp Paper
Two people were arrested for running a fake currency notes-making racket and circulating dummy notes worth Rs 30,000 in Uttar Pradesh's Sonbhadra district, officials said on Friday.
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RBI Ready To Counter Rupee Slide, Fund Outflow Post-US Election: Sources
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.
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5 Major Scholarships To Study Abroad For Indian Students
Fluctuating foreign currency exchange rates can add to these financial challenges, prompting many to seek scholarships or loans.
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Visa’s Crypto Partner Firm Transak Confirms Data Breach, Over 92,500 Users Impacted
In an official statement, Transak revealed that the personal details of 92,554 users were exposed in a data breach. The platform, which provides a gateway for converting fiat currencies into cryptocurrency, operates in over 162 countries, according to its website.
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Minor Among 2 Detained For Duping Army Officer With Fake Currency Notes
Delhi Police has nabbed two people, one of them a juvenile, who allegedly defrauded an army officer by stealing his mobile phone and Rs 50,000, an officer on Thursday said.
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RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
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Huge Currency Swap Agreement To Help Maldives On Foreign Exchange Reserves
Prime Minister Narendra Modi on Monday underlined New Delhi's position as a "close friend" of the Maldives and emphasised his government's readiness to respond to medical and economic emergencies as part of its 'neighbourhood first' foreign policy.
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Global Bank Messaging Network SWIFT to Trial Live Digital Currency Transactions in 2025
SWIFT will trial live transactions of tokenised assets and digital currencies next year. Banks and asset managers hope that by using digital units - usually blockchain-based tokens that represent a share of the underlying asset - trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions.
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98% Of Rs 2,000 Notes Have Been Returned Since Withdrawal Order: RBI
The Reserve Bank of India on Tuesday said 98 per cent of the Rs 2,000 denomination notes have been returned since its May 2023 move to withdraw the currency notes.
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
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Epic Games, EA, Roblox Among Video Game Companies Hit with EU Complaint for 'Tricking Consumers'
An EU consumer complaint on Thursday accused videogaming firms of misleading gamers into spending money. The move against Epic Games, Electronic Arts, and Roblox among others has come amid rising concerns about children turning into gaming addicts.
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What are AI Tokens: Explained
In the last few days, the AI tokens category emerged as a topic of buzz among members of the global tech community. This happened after tech giants like Apple and Nvidia reportedly initiated discussions around investing in OpenAI.
-
NIA Court Sentences UP Man To 10 Years In Jail For Smuggling Fake Currency
A National Investigation Agency (NIA) court here sentenced a man to 10 years of rigorous imprisonment (RI) on Thursday for his involvement in the smuggling of fake Indian currency notes.
-
What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
-
With YouTube As Guide, UP Men Printed Rs 500 Notes On Rs 10 Stamp Paper
Two people were arrested for running a fake currency notes-making racket and circulating dummy notes worth Rs 30,000 in Uttar Pradesh's Sonbhadra district, officials said on Friday.
-
RBI Ready To Counter Rupee Slide, Fund Outflow Post-US Election: Sources
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.
-
5 Major Scholarships To Study Abroad For Indian Students
Fluctuating foreign currency exchange rates can add to these financial challenges, prompting many to seek scholarships or loans.
-
Visa’s Crypto Partner Firm Transak Confirms Data Breach, Over 92,500 Users Impacted
In an official statement, Transak revealed that the personal details of 92,554 users were exposed in a data breach. The platform, which provides a gateway for converting fiat currencies into cryptocurrency, operates in over 162 countries, according to its website.
-
Minor Among 2 Detained For Duping Army Officer With Fake Currency Notes
Delhi Police has nabbed two people, one of them a juvenile, who allegedly defrauded an army officer by stealing his mobile phone and Rs 50,000, an officer on Thursday said.
-
RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
-
Huge Currency Swap Agreement To Help Maldives On Foreign Exchange Reserves
Prime Minister Narendra Modi on Monday underlined New Delhi's position as a "close friend" of the Maldives and emphasised his government's readiness to respond to medical and economic emergencies as part of its 'neighbourhood first' foreign policy.
-
Global Bank Messaging Network SWIFT to Trial Live Digital Currency Transactions in 2025
SWIFT will trial live transactions of tokenised assets and digital currencies next year. Banks and asset managers hope that by using digital units - usually blockchain-based tokens that represent a share of the underlying asset - trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions.
-
98% Of Rs 2,000 Notes Have Been Returned Since Withdrawal Order: RBI
The Reserve Bank of India on Tuesday said 98 per cent of the Rs 2,000 denomination notes have been returned since its May 2023 move to withdraw the currency notes.
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
-
Epic Games, EA, Roblox Among Video Game Companies Hit with EU Complaint for 'Tricking Consumers'
An EU consumer complaint on Thursday accused videogaming firms of misleading gamers into spending money. The move against Epic Games, Electronic Arts, and Roblox among others has come amid rising concerns about children turning into gaming addicts.
-
What are AI Tokens: Explained
In the last few days, the AI tokens category emerged as a topic of buzz among members of the global tech community. This happened after tech giants like Apple and Nvidia reportedly initiated discussions around investing in OpenAI.
