The Indian government is looking for parliament to debate a bill which would ban bitcoin and other cryptocurrencies inside the country and allow the reserve bank to create its own cryptocurrency.
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A European Central Bank board member has said that the organisation doesn't yet see a business case for developing a digital currency. He said, however, this doesn't stop the ECB looking into it.
Facebook now appears to be altering course with its Libra cryptocurrency. Reports suggest that it will act as a digital version of existing currencies such as the dollar and the euro.
UNICEF has announced that it will now be accepting donations in the form of bitcoin and ether. This will be made possible through the organization's newly established Cryptocurrency Fund.
Hong Kong-based digital asset exchange AAX will be the world's first to be powered by the LSEG's technology with an aim to create a high-speed, secure platform for trading digital currency.
Facebook is reportedly working on its own digital currency in the form of stablecoin that will allow users to transfer money via WhatsApp. The service is said to be slated for initial launch in India.
Bitcoin has seen another massive dip in price, having fallen below $4,000 in the past 24 hours. Other cryptocurrency tokens like ether and Litecoin have also suffered double-digit percentage drops.
The Reserve Bank of India is exploring the possibilities of issuing its own cryptocurrency, adding that it's rather uncomfortable with "non-fiat cryptocurrencies" such as bitcoin.
The Palestinian Monetary Authority is mulling over a decision to develop and roll out a digital currency called the Palestinian pound because it has no control over the foreign currencies used now.
Reasearchers from Microsoft and the University of Maryland are proposing a new version of Bitcoin. Called Permacoin, this digital currency would actually create value in the real world by storing data
