Citizens Financial News

23.11 / 22:47

IPO Provident Citizens Bitcoin India’s own cryptocurrency wallet linked to DigiLocker can address multiple Govt concerns, says Policy 4.0

The Government of India is concerned about the impact of cryptocurrencies and is planning to introduce certain regulations. Global experience till now suggests that attempts at banning cryptocurrencies have failed to curb their rising popularity. In such a situation, the best possible way for the government to keep an eye on crypto activities could be to introduce the country’s own crypto wallet linked to DigiLocker, according to a report published by emerging technology thinktank Policy 4.0.

22.11 / 12:45

Blockchain Digital Citizens Support S. Korea's Democratic Party Backs Support for Crypto, Metaverse

Song Young-gil, leader of the ruling Democratic Party, stated that the South Korean government should stop the crackdown on the crypto sector and start nurturing it instead.

12.11 / 12:03

UPS Lowe's FIVE Citizens Senior Citizens Tax-Saving FDs: Check which banks are offering interest rates up to 7%

When it comes to safe investment options, fixed deposits remain a popular choice for many investors, especially for senior citizens who prefer capital safety over capital appreciation. For senior citizens, FDs are also their first investment choice as they work as a source of regular income for them.

12.11 / 03:27

Citizens Action tracking Customers Nigeria banks tracking, flagging crypto transactions of customers

Nigeria had already taken steps to disable citizens’ participation in transacting using crypto but now it was moving forward to surveil the bank accounts of its citizens. According to the latest update, the Central Bank of Nigeria [CBN] sent an internal memo to commercial banks, asking to put an alert on accounts of users suspected to have engaged in cryptocurrency trading.

09.11 / 23:23

Citizens Career Enterprise Thousands of Americans living abroad got stimulus checks. Here’s why

Thousands of Americans living abroad received stimulus checks during the Covid-19 pandemic, according to federal data.

08.11 / 22:31

Citizens Maxim coinbase Assurant India to soften position on regulating cryptos by taking ‘middle path’

With cryptocurrency adoption showing no signs of stopping, India is reportedly leaning towards a neutral stance as far as regulation is concerned. This is interesting, especially since there were rumors that the winter session of the Indian parliament will see the cryptocurrency bill being introduced. However, recent reports suggest that its previous hardliner approach might be softening of late.

08.11 / 00:33

Digital Citizens Gap Strategy inclusion Financial Nigeria: Was e-Naira’s vision of financial inclusion just a mirage?

Nigeria celebrated the launch of its central bank digital currency [CBDC] with pomp. It also noted massive adoption within just a couple of days – with 367,000 consumer wallets and over 58,600 merchant wallets downloaded in the first week.

07.11 / 19:01

Digital Citizens Gap Continental consultation Zimbabwe now weighing crypto-interest, risks through consultation

Zimbabwe has been among the African countries paying attention to the growing interest of its citizens in crypto. In fact, they have also been willing to regulate the industry. To address this growing interest and make use of the technology, the government of Zimbabwe is considering the adoption of crypto as a legal payment service, according to reports.

03.11 / 21:33

Citi Digital Citizens e-CNY China sees 10% rise in e-CNY wallets, first case of money laundering using digital yuan

The Chinese government may want to reconsider the security of its central bank digital currency [CBDC] in the backdrop of Xinmi police’s crackdown on the first-ever case of money laundering using the digital Yuan.

03.11 / 11:43

COST IPO Citizens Your Queries – Income Tax: Capital gain on sale of inherited property is liable to income tax

By Chirag Nangia

01.11 / 16:19

IPO Digital Citizens Mobile Good news for pensioners! SBI allows Life Certificate (Jeevan Pramaan) submission through video call

SBI Video Life Certificate (VLC) facility for pensioners: The State Bank of India (SBI) has launched Video Life Certificate (VLC) facility for pensioners. The bank said in a statement tody that this facility has been launched with an aim to offer seamless life certificate submission experience for millions of pensioners (other than family pensioners).

29.10 / 12:05

COST UPS Citizens Health insurance: Tips for buying health plan for senior citizens

By A P Singh & Sunil Kadyan

28.10 / 05:37

Digital Citizens Aware digital euro Before Digital Euro, Europe must win over Germany’s worried cash-users

Investigations are underway to prepare the financial sector for a Digital Euro. However, before that, central banks need to check in with the public and understand how private citizens view the proposed CBDC.

27.10 / 23:23

Digital Citizens LocalBitcoins Bitcoin Nigeria’s e-Naira gains more ground as Bitcoin P2P volume shrinks

Although the Federal high court gave Nigeria’s central bank digital currency, e-Naira a green light earlier in October, the Central Bank took four weeks to officially launch it. With the launch of e-Naira on 25 October, 2021, Nigeria became the first African country to launch a CBDC.

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