Crypto News In Hindi – Digital Currencies: Research into digital currencies is progressing at a rapid pace around the world, with research ongoing in 86% of countries and trials underway in 60%.

Mi Yi, 37, uses public transport to work at a financial company in central Beijing. Like other urban Chinese, they pay for everything with their phones instead of cash. A few weeks ago, Mi Yi left Ali Group’s Ant Group payment tool and started paying in her Chinese currency of Renminbi (RMB).

Crypto News In Hindi

Crypto News In Hindi

The central bank, the People’s Bank of China, released the wallet as a pilot project. A change in everyday life can become a means of exchange for many people around the world. 60% of international banks are experimenting with digital currency.

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There are about 3.71 million digital currency transactions in the world in Mi wallet. Cryptocurrencies like Bitcoin, Ripple, Ether are out of control. It was published by the government. However, thanks to digital currency, physical money printed in the form of notes and coins will not disappear forever. Today, people in the world have 3.71 billion dollars in their pockets, wallets and banks.

Digital currency will help stop fraud Digital currency will help governments stop fraud Transferring money and goods to other countries will be easier. It will be useful in times of crisis. Michael Sung, director of the Fintech Research Center at Fudan University in Shanghai, said digital money will dramatically change the world’s financial system.

After announcing the creation of Libra, China has been quietly researching since 2014. After Facebook announced the creation of the digital currency Libra in 2019, work began quickly. The announcement that private companies account for 33 percent of the world’s population is affected by the international financial system which surprised all countries.

Last year, Federal Reserve chairman Jerome Powell told a United Nations committee that he warned Libra that it would be the fastest growing currency. Some banks are also working on the digital currency side. In April, JPMorgan and DBS announced plans to partner with Singapore’s state-owned investment firm Temasek to create an investment house. Other similar features are also considered.

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86% of central banks conduct monetary policy research A survey conducted by the Bank for International Settlements, the Swiss central bank, revealed that 86% of banks conduct monetary policy research. About 60% of the National Bank tries. U.S. The Federal Reserve was unable to comment on the speculation. The president of the European Central Bank, Christine Lagarde, says that we want to implement the digital euro by 2025.

By 2027, 18 billion worth of assets will be in digital form. According to some estimates, within three years twenty percent of the world’s population will be connected to central bank money. About 18 billion of the world’s wealth may be digital by 2027. China is not the first country to introduce digital currency. The Bahamas introduced sand dollars in the last six months. However, China was the first major country to introduce a monetary system. 28 million people use digital money in China. Mumbai Police Tip: Dealing with seven crores worth Rs 39: Investing in crypto without proper research will ruin your life, listen to online business first.

Tweeting in his usual fashion, the Mumbai Police has warned investors about money laundering. Mumbai police have advised against investing in crypto without research.

Crypto News In Hindi

Mumbai Police Commissioner (CP Mumbai Police) wrote on social media that being misled by someone or investing money without doing research can ruin your life. You should know all the steps of online business before investing.

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Mumbai Police posted it on social media with the hashtag cybersecurity. It has the Bitcoin logo and the Mumbai Police logo. Here the price of Bitcoin is shown up and down. When the price of Bitcoin rises, it represents more profit, and when it falls, it represents more risk. So the greater the profit, the greater the risk.

Actually, this document from the Mumbai police is about cyber fraud and unscrupulous investors. There has been a big drop in the price of cryptocurrencies recently.

The price of the cryptocurrency has dropped by 25% in the last 24 hours. In this, the price of the most popular currency, Bitcoin, fell by 8%. Ethereum price is down 21%. The prices of Binance Coin, XRP and Cardano dropped by more than 10%. Fortunately, the sale of these coins was at a good price. This means that the downward spiral may continue in the future.

The crypto market is currently dominated by bears. The price of Bitcoin reached 31,938 thousand. The price of Ethereum has reached the level of $1,890. Similarly, the price of the Binance coin fell by 10.72%, while the price of Dogecoin fell by 19.26%. It’s less than half a dollar. The price of Ethereum has dropped below $1,900.

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Polkadot’s price dropped by 20.49%. It is currently selling for $9.60. Uniswap’s price dropped by 10%. It is currently trading at $17.5. Bhaskar’s explanation: There will not be a complete law on the use of money, the government will introduce new laws; Learn all about digital currency

The central government is not in a position to completely ban money, i.e. digital money. The government will introduce new laws to control the implementation of the money in the country. For this reason, the government can create a new professional body. Even before this, the government had created a group of experts. The council has forwarded its recommendations to the government. Let us tell you what cryptocurrency is and what the current laws and regulations are in the country…

What are the recommendations of the expert committee? The central government has set up an expert committee on spending under the chairmanship of former finance minister Subhash Garg. The committee had recommended a complete ban on cryptocurrencies by 2019. The government accepts that the recommendations of the committee headed by Subhash Garg are outdated. Now there is a need to introduce new laws instead of a complete ban on money.

Crypto News In Hindi

What will the new committee do? The new committee will explore ways to develop blockchain technology used in cryptocurrencies. In addition, the committee will make recommendations to manage the currency as a digital asset instead of cash. This committee may be asked to review the performance of the monetary policy of the Reserve Bank of India (RBI). However, the proposal to form a new committee is still ongoing and no final decision has been taken.

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What is the Ministry of Finance planning? The Ministry of Finance has followed the number of businesses entering the country which is rising. The ministry is consulting with all stakeholders on the potential implications of the spending. Recently, the finance secretary, Anurag Thakur, held a meeting with people associated with the industry and banking. Anurag Thakur had said that the names of people to be included in the committee are being considered. Representatives of opposition parties can also participate in the committee. His team is likely to present the budget to Finance Minister Nirmala Sitharaman by the end of this month.

Is the government ready with financial management? In order to have laws about the use of money in the country, the government had prepared the 2021 Money Law Act. This bill was supposed to be presented in the budget session of the Turkish National Assembly, but due to other reasons have not yet been presented. The bill is expected to be tested in the National Assembly. This bill was drafted based on the recommendations of the Garg Committee. The current bill makes it a crime to own financial assets in the country.

Is RBI ready for digital currency? On January 25 this year, the RBI released a manual on the payment system. It has been reported that the RBI will accept a new digital currency or digital currency as currency.

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