Currencies

The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies. The BIS, often dubbed the central bankers’ central bank, outlined its concerns, including stablecoins’ potential to undermine monetary sovereignty, transparency issues and the risk of capital flight from emerging economies. It comes less than a week after the US Senate passed a bill to create a regulatory framework for US-dollar-pegged stablecoins, a move which, if rubberstamped by the House, is expected to...

June 27, 2025 – Dubai, United Arab Emirates Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies – bringing seamless access to digital assets to a broader global audience. With just a few clicks, users can now purchase USDT, BTC, ETH and more directly with their credit cards while benefiting from real-time currency conversion and cashback of up to 10 USDT. To further sweeten the deal, new users making their first transaction in...

The platform also supports Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Litecoin (LTC) and Dogecoin (DOGE), providing global investors with a simple, safe and efficient digital asset investment channel.London, UK, June 27, 2025 (GLOBE NEWSWIRE) -- Recently, the price of Bitcoin has successfully broken through $105,000, and Ethereum has also stabilized at the $2,400 mark. Mainstream currencies such as Solana, XRP, Litecoin and Dogecoin have all ushered in a strong rebound, and investors' attention has reached an all-time high. JAMining's AI-driven cloud mining solution provides a reliable entry point for...

India's external debt rose significantly by 10 per cent, reaching USD 736.3 billion at the close of March 2025, compared to USD 668.8 billion in the previous year, as stated by the Reserve Bank of India (RBI) on Friday.This increase boosted the percentage of external debt to GDP, which now stands at 19.1 per cent, up from 18.5 per cent a year ago. The RBI highlighted a 'valuation effect' driven by the appreciation of the US dollar, adding USD 5.3 billion. Without this effect, external debt would have risen...

India saw a sharp decline in net claims by non-residents during the fourth quarter of FY25, with the figure dropping by $34.2 billion to stand at $330 billion as of March-end, according to data released by the Reserve Bank of India (RBI) on Friday. This decline was driven primarily by a stronger rise in Indian residents’ overseas financial assets, which surged by $60 billion, significantly outpacing the $25.8 billion increase in foreign-owned assets in India. The data is part of India’s International Investment Position (IIP) for the quarter ended March...

Bybit launches limited-time event allowing crypto purchases with 25+ local fiat currencies. Users can buy USDT, BTC, and ETH via credit card with real-time conversion and up to 10 USDT cashback. First-time buyers in new currencies get an extra 5 USDT bonus, stackable with cashback rewards. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies — bringing seamless access to digital assets to a broader global audience. With just a few clicks, users...

Bybit launches limited-time event allowing crypto purchases with 25+ local fiat currencies. Users can buy USDT, BTC, and ETH via credit card with real-time conversion and up to 10 USDT cashback. First-time buyers in new currencies get an extra 5 USDT bonus, stackable with cashback rewards. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies — bringing seamless access to digital assets to a broader global audience. With just a few clicks, users...

India will need $1.3 trillion in cumulative green, social, sustainability and sustainability debt (GSS) by 2030 as it transitions to decarbonising sectors like cement and steel, a report by Japan's MUFG Bank and London based advocacy group Climate Bonds Initiative said.The report said that by 2030, $756 billion is expected to come from private sources opening up space for both infrastructure-scale and innovative financing models."Decarbonising steel and cement alone will require $650 billion, presenting one of India’s largest opportunities for transition-aligned capital," the report said.Until December 2024, India’s cumulative GSS...

Cryptocurrency in India is growing fast. From college students in tier-2 cities to retirees looking for new investment avenues, the appeal is broad and rising. But while adoption is accelerating, understanding is not – and that is where the danger lies.Recently, a 72-year-old man in East Delhi lost ₹40 lakh in a crypto scam. He was shown fake profits through a sophisticated online dashboard and was lured into repeatedly investing before being shut out entirely. This isn’t an isolated case. Such stories are becoming common across India, and they all...