The Rs. 2,000 note is being phased out of circulation but will remain valid currency until September 30.

A circular from the Reserve Bank of India dated May 19 announced the withdrawal of Rs 2,000 currency notes from circulation. The memo said that the notes will remain valid tender until September 30. According to the document, the RBI's "Clean Note Policy" necessitates the change. Th...

An Encyclopedia of Luxury Japanese Brands

In a digital currency sector that is one of the largest in the world but is still mostly unregulated, the problems with wemix, a digital coin produced by South Korean game company Wemade, last year were a wake-up call for investors and regulators alike. When it comes to "play-to-earn" v...

U.S. employment data boosts the dollar and yields, and gold prices fall.

On Thursday, gold prices dipped as the U.S. weekly jobs data suggested a tight labor market, which could keep the Fed on its rate-hiking cycle and support the currency and Treasury yields.

At 3:23 p.m. ET on Thursday, spot gold had fallen to $1,836.39 per ounce after gaining in each of ...

Attempts to combat inflation and a depreciating currency in Japan may require a $30 trillion stimulus package

Towards that end, a top legislator from the ruling party has suggested that Japan set its sights on roughly 30 trillion yen for the new economic package that will be drafted later this month.

After meeting with Prime Minister Fumio Kishida, Liberal Democratic Party policy head Koichi Ha...

Retail CBDC pilot to be started by Bank of Thailand

The retail Central Bank Digital Currency (CBDC) pilot programme, slated to run from late 2022 to mid-2023, has officially begun, according to the Bank of Thailand.

The study, which will concentrate on the growth of retail CBDC and its potential effects across the banking sector, will ma...

Singapore Central Bank’s Guidelines Discourage Crypto Trading

On Monday, the Monetary Authority of Singapore issued guidelines limiting the promotional activities of the cryptocurrency trading service providers for the general public. The MAS intends to protect retail investors from potential risks by doing so.

Singapore is home to a number of cry...

Australian football league secures $25M deal with Crypto.com

Highlights :

• The Australian Football League and Crypto.com come together under a  five-year partnership. Cryro.com will not only be the first major crypto sports sponsorship in Australia but also the first for women’s sports.

Co-Founder and CEO Kris ...

Is digital currency trustworthy

Highlights :

•             Another hack creates chaos in NFT

Around $18.7 million was hacked from Lympo on 10th January 2022 around 12.32 pm UTC

Lympo: A sports NFT minting platform suffered from a secu...

Australia Proposes Digital Currency for Central Bank

On Wednesday, the Australian Treasurer, Josh Frydenberg, announced a consultation on reforms for digital currency, turning heads of crypto enthusiasts.

He said in a speech in Melbourne that the government was analyzing plans for a central bank for digital currency. He stated that the go...

Modi chairs meeting on Cryptocurrency, raises concerns about money laundering and terror financing

Prime Minister Narendra Modi conducted a meeting and discussed cryptocurrency, with government sources. It was strongly believed at the meet that cryptocurrency can mislead the youth by over-promising and non-transparent advertising.

Highlights

• Prime M...

MoneyGram collaborates with Stellar Development Foundation to allow users to send money using USDC Stablecoin

Highlights

• MoneyGram partners with Stella Development Foundation
• This collaboration is done for blockchain payments

MoneyGram, International money-transfer giant strikes a deal with a non-profit organization, Stellar Development Foun...

Visa develops new concept to make digital currencies Interoperable

Highlights

• Visa working on a system to connect different blockchain networks
• It will help in conversion of digital currency

Visa, the payments giant is working to develop a system to connect different blockchain networks. This will a...

Fantom Foundation to develop a digital currency for Tajikistan

Highlights

• Fantom Foundation to develop a central bank digital currency
• Three banks will be rolling out a digital currency trial nationwide

Tajikistan's largest banks has been enlisted to develop a central bank digital curre...

Hackers return heist money

Money from the one of the greatest crypto heists has been returned to Poly network. A hacker who had stolen cryptocurrency worth over $600m has returned most of the assets that were stolen. As confirmed by Poly Network on Thursday, Ether tokens worth of $268m has been recovered. crypto-currencies...

CHINESE STOCKS END HIGHER; SHANGHAI TO HAND OUT DIGITAL CURRENCY

Highlights –

• Chinese stocks end higher; Shanghai to hand out digital currency.
• Shanghai Composite Index ended up 0.21 percent, at 3,591.84 points.
• The ChiNext Index gained 1.28 percent to close at 3,242.61 points.
• Shanghai ...

BEIJING TO HAND OUT AROUND $6.27 MILLION IN DIGITAL CURRENCY

Highlights –

• Beijing to hand out around $6.27 million in digital currency.
• Beijing Local Financial Supervision and Administration Bureau will do the same through a lottery system.
• China has been developing digital yuan since 2014, but...

PBOC RAISE RESERVE REQUIREMENT RATIO FOR FOREIGN CURRENCY DEPOSITS

Highlights –

• PBOC raise reserve requirement ratio for foreign currency deposits.
• Chinese currency renminbi (RMB) remains high against the U.S. dollar.
• RMB has likely experienced some overshooting against the U.S. dollar.
• RM...

THREE TECH FIRMS ARE INTERESTED TO JOIN SOUTH KOREA’S CBDC PILOT PROJECT

Highlights:

• Three tech giants of South Korea are willing to join South Korea’s central bank digital currency (CBDC) pilot project. 
• The companies who are willing to bid should complete a CBDC Simulation Research Proposal Request Form and su...

SOUTH KOREA LOOKING FOR TECH PARTNER TO LAUNCH DIGITAL WON

Highlights:

• South Korea’s central bank will be taking bids for a technology partner to launch its digital won project.
• The trial is being planned to test the use of digital currency for the settlement and remittance of everyday goods and service...

INDIA'S FOREX RESERVES RISE TO USD 589.465 BILLION

HIGHLIGHTS

• India's Forex Reserves have risen to US $ 589.465 billion.
• FCA of India have also increased.
• In the same period, the Gold Reserves of India also increased.

India's foreign exchange (Forex) reserves have ...