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 …

Domestic Systemically Important Banks (D-SIBs):

GS Paper 3: Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.   Context: Reserve Bank of India has released its list of Domestic Systemically Important Banks (D-SIBs) in 2021. It has identified the state-owned lender State Bank Of India and the private lenders ICICI Bank and HDFC …