CURRENT AFFAIRS

Detailed explanation-1: -The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a large financial institution. Nubank said Wednesday it will launch the token, called Nucoin, in the first half of 2023.

Detailed explanation-2: -The Reserve Bank of India is set to launch the pilot of its central bank digital currency (CBDC), which it categorizes as legal tender in a digital form. Commonly known as the digital rupee, it will be exchangeable at par with existing currencies and will be considered acceptable for payments and a safe store of value.

Detailed explanation-3: -8 New Cryptocurrency Launches Calvaria – Best Crypto with the Highest P2E Potential. IMPT – Best Environmental Friendly Crypto to Buy Today in 2022. Tamadoge – New Crypto with Huge Price Increase Following Listings. WeSendit – Best Crypto for Decentralized Networks.

Detailed explanation-4: -Key Takeaways. The first cryptocurrency was eCash, created by David Chaum’s company DigiCash in 1990.

Detailed explanation-5: -The Minister stated in response to another question that RBI has already rolled out a pilot in the retail version of the CBDC (e₹-R), on December 01, 2022. The e₹-R is in the form of a digital token that represents legal tender. It is being issued in the same denominations as the paper currency and coins.