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Difference between CBDC and Online Payment Gateway (Explained with Example)

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Central bank digital currencies (CBDC) have created a buzz worldwide. Countries like The Bahamas & Nigeria have already launched their CBDCs and became the first ones in the race of adopting the centralized digital currency. Other countries like India, Sweden, Russia, China, and UAE are developing and pilot testing their CBDCs. What is Central Bank …

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Central Bank Digital Currency : Which Countries Have Adopted CBDC?

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Digital currencies like Bitcoin and Ethereum have gained huge popularity amongst people throughout the world due to its decentralized nature. Digital currencies like cryptocurrency are not regulated by any bank. They work on distributed ledger technology based on blockchain and remain untraceable. While many tech giants are appreciating this technological advancement, the government is seeing …

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Major Crypto Exchanges Disabled INR Deposit via UPI – How long Crypto will survive in the Indian Market?

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Crypto industry has always been a controversial one in the Indian landscape. Since its emergence in India, RBI has always put it under the radar to make it regulatory. The government has imposed a 30% tax on the profit generated from the exchange of cryptocurrencies (or any virtual digital asset) effective from April 1. As …

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Netflix Documentary on QuadrigaCX – Mysterious CEO Death Revealed CA$250 Millions Crypto Scam

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Netflix has recently released a true crime-based documentary Trust No One: The Hunt for the Crypto King. This documentary covers the infamous QuadrigaCX crypto exchange scandal which had shaken the world of Bitcoin in 2019. Luke Sewell, the director of the film tried to showcase the rise and fall of the QuadrigaCX in a limited …

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Crypto Taxation Impact on Investors & Crypto Exchange Platforms

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Crypto tax laws have been effective from April 1st in India but its effect had started appearing the day Loksabha passes the bill. The government of India imposed a 30% Tax on the profit gained from crypto transfer (sell, exchange, and relinquishment) and 1 % TDS on every transaction related to cryptocurrency and other virtual …

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Crypto Tax India 2022: 30% Tax & 1% TDS on Virtual Digital Assets

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Tax on cryptocurrencies in India will be effective from April 1st as Loksabha has recently passed the Finance Bill 2022 which includes new “Crypto Tax” laws as well. These proposed taxes on virtual digital assets (VDA) will come into an effect from the beginning of the new financial year. Virtual digital assets (VDA) include private …

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India Digital Currency – RBI to Launch Digital Rupee Soon

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Union Budget 2022 not only made headlines in India but also on an international level due to the announcement related to India’s first central bank digital currency – Digital Rupee. In Union Budget 2022, finance minister Nirmala Sitharaman announced that the Reserve Bank of India (RBI) will soon launch its very own digital currency which …

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Cryptocurrency Guide 2022 – Things You Should Know Before Diving Deep

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Cryptocurrency and Bitcoin have become the common talk of every town. But many people find it difficult to understand what it actually means. And most importantly, Is cryptocurrency a secure investment option? To figure out the safe investment possibilities, you should at least know the basics of cryptocurrencies. Let’s dive deeper to understand – what is …

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What is Digital Currency & How Does it Work?

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During Union Budget 2022, Finance minister Nirmala Sitharaman mentioned that RBI would be rolling out India’s very own Digital Currency. Since then everyone is much curious about what exactly digital currency is? What is Digital Currency? Digital currency is any form of currency that can only be managed and accessed through a computer network or …

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