Tag: cryptocurrencies

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“Cryptocurrencies challenge state regulation not merely due to anonymity but due to decentralised architecture”. Explain the statement. Discuss its implications for India’s financial system.

Topic: Cryptocurrencies Q5. “Cryptocurrencies challenge state regulation not merely due to anonymity but due to decentralised architecture”. Explain the statement. Discuss its implications for India’s financial system. (15 M) Difficulty Level: Medium Reference: InsightsIAS Why the question The rapid growth of cryptocurrencies has exposed regulatory gaps that go beyond anonymity, raising concerns about decentralised financial …

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How do cryptocurrencies and digital anonymity tools enable proliferation financing of Weapons of Mass Destruction (WMDs)? What reforms are needed in international financial regulations?

Topic: Basics of cyber security; money-laundering and its prevention. Q6. How do cryptocurrencies and digital anonymity tools enable proliferation financing of Weapons of Mass Destruction (WMDs)? What reforms are needed in international financial regulations? (10 M) Difficulty Level: Medium Reference: IE Why the question The FATF’s 2025 report shows how cryptocurrencies and anonymity tools are …

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Stablecoins

 Source: WEF  Context: Recent volatility in the stablecoin market, such as the collapse of TerraUSD, has drawn attention to the challenges facing these digital assets.    What are Stablecoins?  Stablecoins are digital cryptocurrencies designed to maintain a stable value by pegging their worth to assets like fiat currencies (e.g., USD, EUR), commodities (e.g., gold), or …

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Global regulation of cryptocurrencies

  Source: IE  Context: The article highlights the differences in cryptocurrency regulations worldwide.    What is cryptocurrency and how it is different from Central bank currencies? Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized technology called blockchain, which records all transactions transparently. Unlike central bank …

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RBI wants full ban on crypto, legal experts say it is too late:

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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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: 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 …

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Cryptocurrency and related issues: 

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 …

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RSTV: IN DEPTH- BAN ON CRYPTOCURRENCY

 Introduction: In recent years, cryptocurrencies have taken the financial world by storm. Spearheaded predominantly by Bitcoin, there’s been a phenomenal rise in the price of cryptocurrencies. Today, there are over a thousand cryptocurrencies in existence. Not just individuals, big firms and businesses are also getting into the cryptocurrency business. Tech giant Facebook proposed to …

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