GS Paper 3: Topics Covered: IT and related issues. RBI wants full ban on crypto, legal experts say it is too late: Context: On Christmas Eve in 2013, the Reserve Bank of India (RBI) had issued a note cautioning Indians about financial, legal and security risks of cryptocurrency. It came four years after the …
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GS Paper 2: Topics Covered: Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights. Context: The Reserve Bank of India has been working on a phased implementation strategy for a CBDC and the pilot may be launched by the end of this year. The …
GS Paper 3 Topics Covered: Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights. Context: Reserve Bank of India (RBI) Shaktikanta Das has sounded alarm on cryptocurrencies, cautioning investors on the potential pitfalls of the digital currency. Concerns raised: Cryptocurrencies are a very serious concern from …
Continue reading “RBI governor Shaktikanta Das sounds alarm on cryptocurrencies:”
GS Paper 3 Topics Covered: Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights. Context: RBI Governor Shaktikanta Das recently said the central bank continues to have “serious and major” concerns about cryptocurrencies like Bitcoin and has conveyed them to the government. Background: Private cryptocurrencies …
