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An unknown Indian-origiAn unknown Indian-origin crypto investor buys an artwork for $69 3 mnn crypto investor buys an artwork for $69 3 mn

According to the New York Times, the most expensive painting ever sold was a Leonardo da Vinci that went for $450.3 million in 2017. The Art Newspaper reported that Twobadour, the steward of Metapurse whose real identity is also unknown, said he understands that valuation might sound like a fantastical number, but we do believe that down the line this has the potential to become the most valuable piece of art ever . Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on top

India has a backdoor entry into digital currency Will it take it?

Synopsis Covid-19 has made people reluctant to handle cash for fear of infection. The pandemic has also underscored the need to extend timely financial support to people who don’t have bank accounts. iStock India’s central bank is opening its balance sheet to the public. Retail investors will have online access to the government bond market via investment accounts with the Reserve Bank. As the government’s investment bank, the RBI manages institutional buying and selling in gilt securities. Skepticism is high about “Retail Direct” because previous attempts at bringing public debt to the masses haven’t gone anywhere. But if the initiative takes off, it could be a precursor to an interest-paying digital currency competing with bank deposits.

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