Bitcoin Current Affairs - 2020

UNICEF: First UN organisation to accept donation through Cryptocurrencies

United Nations Children’s Fund (UNICEF), the Children’s agency of the United Nations has now become the first UN organization to hold and make transactions in cryptocurrency. UNICEF now joins a number of other aid agencies that accept donations in cryptocurrencies, such as American Red Cross. Key Highlights The UNICEF has established UNICEF Cryptocurrency Fund, making Read More…

What is Facebook’s Cryptocurrency ‘Libra’?

After months of speculations and rumours, Facebook has officially announced the details of its new global cryptocurrency called Libra. This Facebook owned cryptocurrency Libra will be launched by social media giant in 2020. LIBRA Explained The name Libra is a Roman unit of weight measure. Name is also tries to invoke a sense of financial Read More…

SEBI to bring Initial Coin Offerings using crypto currencies under its lens

The capital market regulator Securities and Exchange Board of India (SEBI) is planning to bring Initial Coin Offerings (ICO) under its existing legal framework. In recent times, popularity of crypto currencies has increased rapidly and number of entities looking at raising funds through ICO. Background Crypto currencies like bitcoin, ethereum and such offerings have been Read More…

Government sets up Inter-Disciplinary Committee to examine framework for Virtual Currencies

The Union government has constituted a time-bound inter-disciplinary committee to come up with an action plan for dealing with virtual currencies so as to fix the regulatory gaps in the existing framework governing virtual currencies. The committee is required to submit its report within three months. Need The circulation of virtual currencies, of late, has Read More…

Japan officially recognises Bitcoin as currency

Japan has officially recognized bitcoin and digital currencies as legal money along the lines of other fiat currencies with effect from April 1, 2017. The recognition comes after implementation of a new law amending Banking Act in Japan for legalizing these currencies. It will help in integration of digital currency into legal banking system through Read More…