India Says Crypto Not Illegal As It’s Taxed Like Gambling Win
The Indian government said it doesn’t treat trading in crypto assets as illegal, a day after it announced taxing such transactions just the same as winnings from gambling. Read More Here
Tag: digital currency
Will Central Bank Digital Currencies Doom Dollar Dominance?
Some say that issuance of central bank digital currencies will transform the international monetary status quo by eroding the US dollar’s dominance of cross-border payments and greatly reducing transaction costs. But this is not going to happen. Read More Here
A Digital Nixon Shock?
US President Richard Nixon’s 1971 decision to end the US dollar’s convertibility into gold had such far-reaching consequences that it took policymakers decades to learn to manage the new system. Now, digital technologies are driving a new monetary revolution that could end the greenback’s global primacy altogether. Read More Here
Crypto Crunch Time
The likelihood that the world’s major central banks will sooner or later issue their own digital currencies has brought increased scrutiny of the sector’s existing private players. Sooner or later, cryptocurrency enthusiasts who have long argued that politicians would never dare to regulate Bitcoin and the rest will need to think again. Read More Here
Five Myths About Cryptocurrency
Cryptocurrencies might turn out to be a massive speculative bubble that ends up hurting many naive investors. Indeed, many cryptocurrency fortunes have already evaporated with the recent plunge in prices. But whatever their ultimate fate, the ingenious technological innovations underpinning them will transform the nature of money and finance. Read More Here
Jack Ma Re-Emerges On The Digital Yuan Vanguard
Months after his run-in with Beijing authorities, one that scrapped history’s biggest initial public offering, Jack Ma’s true whereabouts have finally been verified: at the very center of Xi Jinping’s boldest effort yet to modernize China’s economy. Read Here | Asia Times
Bitcoin, Bit By Bit
Yes, Bitcoin is what some call a deflationary currency. Because the system was designed to allow the creation of only a finite number of bitcoins, there will come a point where, as demand rises, the value of the currency will only go up (making the price of goods and services fall, hence the term deflation). And that could […]
looking beyond borders 