A new RBI report said that there is an over 100% increase in fake Rs 500 notes and below. Here is how to check their authenticity.
In criminal law, fraud is associated with deception and trickery; nonetheless, banks consider any diversion of funds to be fraud. In consideration of this, there is an ongoing discussion about a change in definition of ‘fraud.'
We want nice things. We want to live in a nice house, eat good food and have fulfilling relationships. We want to travel to exotic places, listen to great music and experience fun. We want to build something that lasts, achieve something great and leave a better world for tomorrow.
Even though it's still too premature to predict how the US dollar will fare during this economic shift, it is almost certain that it will emerge weaker and less dominant than before. This comes as a result of the gold backed ruble which is the new paradigm shift for the global economy.
A joint project between the Central Bank of Canada and the Massachusetts Institute of Technology will be researching the possibility of an entirely digital Canadian dollar, it was announced yesterday.
International Monetary Fund Managing Director Kristalina Georgieva stated that the IMF is "working hard" on a global central bank digital currency platform. The International Monetary Fund (IMF) is “working...
Jamaica, Bahamas and the Caribbean have all sunk their toes into the virtual currency market by launching the Central Bank Digital Currency. The country's CBDC is called the Jam-Dex and it carries with it a tagline as relaxed as the nation's reputation: "No cash, no problem".
After the Chinese digital Yuan prototype garnered attention, the number of countries where central banks have issued digital currencies has increased.
Based on estimates, the BOE's yearly loss may surpass £20 billion as early as next year. Furthermore, the UK treasury is set to bail-out the Bank Of England's £11 billion QE losses.
In the near future, central banks will need to introduce some sort of alternative system in order to preserve economic authority as many conventional currencies begin to lose public confidence due to inflation. Towards this end, the BIS is set to allow member banks to hold 1% of their reserves in Bitcoin.