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The Digital Rupee (e₹) [6] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [7] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [8] Digital Rupee is using blockchain distributed-ledger technology. [9]
Various studies have found that crypto-trading is rife with wash trading. Wash trading is a process, illegal in some jurisdictions, involving buyers and sellers being the same person or group, and may be used to manipulate the price of a cryptocurrency or inflate volume artificially.
A bitcoin-based currency featuring instant transactions, decentralized governance and budgeting, and private transactions. 2014 NEO: NEO Da Hongfei & Erik Zhang SHA-256 & RIPEMD160: C# [38] dBFT: China based cryptocurrency, formerly ANT Shares and ANT Coins. The names were changed in 2017 to NEO and GAS. 2014 MazaCoin: MZC BTC Oyate Initiative ...
Binance, the world's biggest crypto exchange, was hit with a fine of 188.2 million rupees ($2.25 million) in June 2024, a month after it registered with the FIU in an effort to resume operations ...
India's finance minister announced the creation of a digital rupee and a new crypto tax plan as the country moves to embrace blockchain technology.
Coinswitch is an Indian cryptocurrency exchange and trading platform headquartered in Bangalore, Karnataka. [1] Founded in 2017, the platform enables users to trade Virtual Digital Assets (VDAs) with Indian Rupees. In October 2021, Coinswitch secured $260 million in Series C funding, valuing the company at $1.9 billion. [2] [3] [4]
Users in India cannot convert rupees into cryptocurrency but can trade between different cryptocurrencies. [98] In May 2022, Coinbase-backed Mara raised $23 Million to build an African crypto Exchange. [99]
This monumental transaction follows the sale of 25kg of gold from a UAE gold exporter to a buyer in India for around 128.4 million rupees ($1.54 million), according to Reuters.
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