MUMBAI: A man who arrived on a flight from Dubai on Sunday morning was arrested for carrying fake Rs 2,000 notes with a face value of almost Rs 24 lakh. The notes were of high quality, incorporating seven of...
Based on a tip by the CIA, Indian authorities have caught a Pakistani agent smuggling fake Indian currency notes via Dubai and Bangkok. The new notes in circulation were printed in 2016 after India's War on Cash. However, GreatGameIndia...
Malaysian cops seized and destroyed 1,069 bitcoin mining rigs by crushing them with a steamroller — after the miners allegedly siphoned off almost $2 million worth of electricity to power the energy-intensive machines.
You may recall that Russia has been cut off from the SWIFT system. Now if you’re a consumer of Western legacy media, you’d likely not have heard a word on it, but the fact is that Russia was largely prepared for this and has already developed and is now using the SPFS the Russian equivalent of SWIFT, developed by the Central Bank of Russia since 2014.
Michael Burry, the quirky hedge-fund manager made famous in The Big Short movie (played by Christian Bale), complains that no one is paying attention to crypto’s leverage. For months, he has been suggesting that bitcoin is on the precipice of collapse.
One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.”
"The payment settlement method should not be confined to a small number of people and emerging economies should diversify their forex reserves out of US dollars," says an Indian economist who has been watching the developing situation around the globe with a keen eye.
According to geopolitical researcher Brian Berletic, US Treasury Secretary Janet Yellen recently declared that the dollar has no major rivals in the globe, but that assertion could be "wishful thinking" on Washington's behalf. On the contrary, US sanctions on Russia could speed up dedollarisation and help the rise of Yuan.
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.
Thus far, the most severe consequence of Russia's military operation has been the exclusion of Russian banks from the global financial system. But the tide seems to be turning with petrodollar's status threatened as first shipment of Russian coal paid in Yuan is on its way to China.
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