“I think we certainly need to understand the technology, we need to proceed cautiously on building out a rupee CBDC. Also, I think urgency to do it because there is a consumer demand at this point is simply not there,” says Raghuram Rajan, Former RBI Governor & Prof, University of Chicago Booth School. Mythili Bhusnurmath: … Read more
RBI Governor Shaktikanta Das has lashed out at crypto assets once again. In an interview with ET Now, Das reiterated his concerns over the crypto assets. The RBI chief said, “cryptos may lead to dollarization of the developing countries like India as the prices of crypto tokens are mostly denominated in dollars.” He said that … Read more
New Delhi: The debate between crypto assets and traditional hard assets isn’t a new fad, but it is definitely gaining more attention from around the world as global economies look at digital tokens more seriously. Many blockchain enthusiasts claim cryptocurrencies are the future, whereas their adversaries argue that the Generation Z asset class has miles … Read more
New Delhi: Vernacular language films have begun riding the NFT wave as global NFT marketplace creator NFTically is launching its first-ever NFT Collectible based on a Marathi film. NFTically is a first-of-a-kind global NFT marketplace creator and a B2B SaaS for launching white-label NFT Stores & Marketplaces to Mint, Buy or Sell NFTs. Directed by … Read more
The outlook for the global asset management industry, plagued in recent years by unmerciful downward pressure on fees, is starting to look brighter. With meme stocks, decentralized finance and non-fungible tokens capturing the headlines, money managers need to keep up with the zeitgeist. A new report suggests that the cryptocurrency markets offer a great opportunity … Read more
Evolving rules, environmental concerns and competition from central banks threaten to undermine many of the world’s fast-growing crypto assets, crypto and macro experts said, while creating opportunities for those able to adapt. Europe and the United States are both working on regulating digital assets and their providers – moves welcomed by investors, who hope the … Read more
It’s a Catch-22 situation for wealthy Indians who bought Bitcoins from overseas markets and held them in offshore wallets as the fate of cryptos hangs in limbo in India. They are now in a quandary over how to account for, and whether to disclose, these ‘digital assets’. If they hide these investments from the taxman, … Read more