Currencies

In a move that positions Oklahoma at the forefront of digital asset investment, Rep. Cody Maynard, R-Durant, successfully passed the Strategic Bitcoin Reserve Act in the state's House of Representatives. The bill, House Bill 1203, allows for a portion of state funds to be invested in digital currencies, including Bitcoin. According to the Oklahoma House of Representatives, this initiative aims to utilize technological advances in currency to enhance Oklahoma's financial stability. Under this new legislation, the state treasurer is authorized to invest up to 5% of the General Revenue Stabilization...

Gamers in European Union countries will soon start to see real-world currencies alongside virtual coin prices in video games. The US government is also urging parents to be aware of hidden expenses in their children’s games. The EU ruling comes after increasing pressure to regulate the opaque world of in-game microtransactions. The European Commission’s Consumer Protection Cooperation (CPC) has outlined new principles for game developers to abide by when offering in-game purchases to gamers. They aim to prevent unfair businesses practices, such as leaving customers with unusable virtual currencies.New microtransaction...

The Indonesian rupiah yesterday fell to its lowest level since the Asian financial crisis of 1998, reflecting concerns about the government’s fiscal trajectory and the uncertainties about incoming U.S. tariffs. According to The Jakarta Post, the rupiah momentarily fell to around 16,654 against the U.S. dollar, its weakest since June 1998, before recovering slightly. The currency has been one of the worst performers in emerging markets in 2025, declining by more than 3 percent since the start of the year. Tuesday’s reading was slightly lower than the previous low of...

The Indian rupee gained marginally on Wednesday to end at 85.705 per US dollar, up from the previous close of 85.755, LSEG data showed. Dollar inflows, maturity of positions in the non-deliverable forwards market with a sharp focus on tariff announcement on India by the US kept the rupee in a 20-paisa range during the day, traders said.The currency opened at 85.69 to $1 and weakened up to 85.89 to $1 during the day, before closing slightly stronger, according to LSEG data. The dollar index was largely stable at 104.2.“There...

Zain Jaffer is the founder and president of Zain Ventures, a family office that invests in real estate and proptech. getty In interviews, U.S. President Donald Trump and Treasury Secretary Scott Bessent have mentioned that they want the U.S. dollar to stay strong. Technically speaking, should the U.S. dollar be strong or weak relative to other currencies? It depends whose point of view you take. The fact that whatever position someone takes has pros and cons reveals the complexity of their positions. Many Americans might wonder, what is wrong with...

Share Tweet Share Share Email India’s attitude towards cryptocurrencies has been a topic of debate and shift over the past ten years. The legal status of cryptocurrencies in India is complex and very dynamic, as in the case of March 2025, it is currently in a stage marked by regulatory developments, taxation policies, and technological advancements. Background Information The 2018 move was that of Reserve Bank of India (RBI) prohibition on all banks accepting cryptocurrency transactions, in consideration of the apprehension over financial stability and criminal uses. The...

Share Tweet Share Share Email India’s attitude towards cryptocurrencies has been a topic of debate and shift over the past ten years. The legal status of cryptocurrencies in India is complex and very dynamic, as in the case of March 2025, it is currently in a stage marked by regulatory developments, taxation policies, and technological advancements. Background Information The 2018 move was that of Reserve Bank of India (RBI) prohibition on all banks accepting cryptocurrency transactions, in consideration of the apprehension over financial stability and criminal uses. The...

Donald Trump's World Liberty Financial crypto venture will launch a dollar-pegged stablecoin, it said in a statement on Tuesday, after raising more than half a billion dollars from selling a separate digital token.The stablecoin, called USD1, will be fully backed by US Treasuries, dollars and other cash equivalents and is designed to keep a value of $1 (roughly Rs. 85), World Liberty said in the statement.Dollar-pegged stablecoins such as Tether and USDC have ballooned in recent years and now act as a key cog in the multi-trillion dollar crypto trading...

Bitcoin (BTC) price hovers around $87,000 on Wednesday after recovering 4% in the last three days. Ethereum (ETH) and Ripple (XRP) find support around their key level, suggesting a recovery on the cards. Traders should keep an eye on Trump’s upcoming “Liberation Day” on April 2, with significant tariff announcements, which could trigger increased volatility in the cryptocurrency market due to the potential impact of reciprocal tariffs. Solana’s (SOL) price hovered around $142 at the time of writing on Wednesday after recovering by 7% so far this week. Asset management companies...

MUMBAI: The Indian rupee is set to open higher on Wednesday following weak U.S. consumer confidence data that heightened anxieties regarding the U.S. economic trajectory. The resumption of equity flows should provide an additional impetus to the rupee. The 1-month non-deliverable forward indicated that the rupee will open at 85.62 to 85.64 against the U.S. dollar compared with 85.7550 in the previous session. The Indian currency snapped a nine-day winning run on Tuesday, during which it has rallied by 2%. A predominantly softer dollar, the return of foreign capital to...