Unlike equities and fixed income, currencies don’t classify as investments and are more suited for trading/hedging purposes. Also, investors can fall foul of the law if unaware of rules
The statement comes just a few days after the central bank issued a circular that prohibits Indian banks from referring to its now-scrapped April 2018 circular cautioning customers for trading in cryptocurrency.
Read more about HDFC Bank asks customers to ignore communication on crypto transactions on Business Standard. This communication from the bank comes after the RBI on Monday clarified that banks can no longer cite its circular on cryptocurrencies for not offering such products to customers
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Published 2 June 2021
Binance announced on Thursday its first Binance Smart Chain Hackathon for Africa, tagged ‘Decentralised Africa’, with a prize pool of over $30,000 on Tuesday.
It said the 20-day hackathon would empower blockchain engineers to rapidly build blockchain solutions on the Binance Smart Chain in order to solve real problems identified in the African systems.
According to a statement, the hackathon, which is slated for June, is dedicated to the development of DeFi, NFT projects covering savings, lending and borrowing, swaps, royalties and renting, elections, identity management, land ownership, and NFTs marketplaces, among other relevant areas.
Meanwhile, Coinbase announced on Tuesday that its users can now use their Coinbase Card with Apple Pay and Google Pay.