CURRENT AFFAIRS

Detailed explanation-1: -India’s first crypto-currency exchange “Coinome” has been launched by Mumbai-based payment gateway Billdesk . Coinome is incorporated under Hatio Innovations Pvt. Ltd, a wholly owned subsidiary of BillDesk.

Detailed explanation-2: -Is Cryptocurrency In India Legal or Not? Cryptocurrencies as a payment medium in India are not regulated by any central authority. There are no rules and regulations or any guidelines laid down for settling disputes while dealing with cryptocurrency. So, trading in cryptocurrency is done at investors’ risk.

Detailed explanation-3: -Binance is one of the leading crypto exchanges in India, offering a wide range of tools for trading online. The platform supports over 600 coins and has a daily trading volume of 1.2 billion, with more than 1, 400, 000 transactions per second.

Detailed explanation-4: -2010: First Sale Using Crypto Two years later, the first sale of an item using Bitcoin took place with someone swapping 10, 000 Bitcoin for two pizzas. This attached a cash value to cryptocurrencies for the first time.

Detailed explanation-5: -Union Budget 2022-23 – The government of India recognized cryptocurrencies and decided to tax 30% of any virtual asset. The FM also announced the launch of a CBDC called the digital rupee.