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Union Finance Minister Nirmala Sitharaman speaks during a press conference at NMC in New Delhi, Thursday, Sept. 16, 2021. (PTI /Manvender Vashist)

No proposal to recognise Bitcoin as a currency: FM Nirmala Sitharaman

It was introduced in 2008 by an unidentified group of programmers as a cryptocurrency as well as an electronic payment...

29 Nov 2021 1:23 PM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

RBI working on digital currency, pilot projects likely in near future:...

The RBI has also been exploring the pros and cons of introduction of CBDCs since quite some time

22 July 2021 10:18 PM IST

Union Minister of Finance Nirmala Sitharaman with MoS Pankaj Chaudhary arrives at Parliament for the presentation of the Union Budget 2022-23, in New Delhi, Tuesday, Feb 1, 2022. (PTI Photo/Kamal Kishore)

India's digital currency to debut by early 2023

Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed 'digital...

6 Feb 2022 11:16 AM IST

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

RBI to issue Digital Rupee in FY23-Sitharaman

Digital currency will also lead to a more efficient and cheaper currency management system

2 Feb 2022 9:10 AM IST

BR Balakrishnan, a director general of investigations at the income tax department in the southern state of Karnataka, said notices were sent following the survey to assess the penetration and patterns of virtual currency trade. (Photo ;PTI)

USD 60 million in virtual currency hacked in Japan

Japan is a major centre for virtual currencies and as many as 50,000 shops in the country are thought to accept bitcoin.

20 Sept 2018 10:05 AM IST

The Swiss-based Libra association, which includes Facebook and a variety of partners, said a shift to using individual currencies was made after hearing comments and complaints on its original proposal.

Facebook-backed Libra returns with new 'stablecoins' linked to single...

Central bank officials and others have expressed concern about a blow to their sovereignty from Libra coins pegged to a...

16 April 2020 9:06 PM IST

The Swiss-based Libra association, which includes Facebook and a variety of partners, said a shift to using individual currencies was made after hearing comments and complaints on its original proposal.

Facebook-backed Libra back with new 'stablecoins' linked to single...

Central bank officials and others have expressed concern about a blow to their sovereignty from Libra coins pegged to a...

16 April 2020 9:06 PM IST

Wipro Chief Azim Premji

Wipro beefs up security after receiving a -"threatening letter-"

Wipro confirms that it has filed a complaint with the local law enforcement authorities after receiving a threatening...

7 May 2017 10:02 AM IST

Bitcoin operates by giving each user a unique public key, which is a string of numbers. Users can transmit money in the form of digital bitcoins from one public key to another.

What is Bitcoin? A look at the digital currency

Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously.

16 May 2017 2:36 PM IST

Bitcoin operates by giving each user a unique public key, which is a string of numbers. Users can transmit money in the form of digital bitcoins from one public key to another.

Govt panel looking into usage of crypto-currencies

Government has been debating issues concerning bitcoins and sought public opinion on it a few months ago.

28 July 2017 4:13 PM IST

It also may appeal to those worried about a lack of supply of cash, such as in India, where Narendra Modi scrapped high-denomination bank notes from circulation.

Bitcoin moves past $1,000-mark after 3 years

Its biggest daily moves in 2016 were around 10 per cent, still very volatile compared with fiat currencies.

3 Jan 2017 12:53 AM IST

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

Bitcoin rises 10 per cent, recovers from last week's brutal selloff

Bitcoin investors and analysts believe the decline in its value was a natural correction after a heady run-up in prices.

26 Dec 2017 12:50 PM IST