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Showing posts from May, 2021
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Crypto Banks Vs. Traditional Banks   Hi Friends,   I hope you must have enjoyed reading my previous article on “Cryptos & Blockchain Vs. RBI” in my blog & linked in . Being revised here for a while, I had mentioned about the “Regulatory aspect & not the Banning aspect” to be looked after by the Indian Govt., on 19.05.2021 there is a news from the Govt. Circles that Govt. Has set up a Panel of experts to look in to the Regulatory aspect instead of banning it. I talked about the arrogant behaviour of RBI towards Cryptos and this report clearly shows about my positive opinion.   Now, please enjoy my next article “Crypto Banks Vs. Traditional Banks”. Crypto Banks Vs. Traditional Banks A Banking system is a network of financial institutions where one can deposit and withdraw money.   To understand this article, let’s understand the terms : Crypto banks, Traditional banks, Blockchain banks based on blockchain technology, Crypto wallets, etc.... Crypto Banks : In si
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  Cryptos & Blockchain Vs. Reserve Bank of India Hi Friends !!!   Great Suspense !!!   ü    What RBI will do with Indian Crypto Industry ? ü    What Govt. Of India will do with Indian Crypto Industry ? ü    Who will win – Indian Crypto Industry or RBI ?   “All these billion dollar questions”............   Look at the attitude or say behaviour of RBI towards Crypto currencies specially private crypto currencies. In the entire World only RBI has given a distinct name to crypto currencies  - Private crypto currencies and Public crypto currencies, otherwise every one recognises it as crypto currencies operated under different blockchains and CBDC (Central Bank Digital Currencies). RBI says crypto currencies which are not issued by or owned by Central Bank of India (RBI) are all private crypto currencies and such currencies should be banned from operations. This regulation is included in the Bill pending in the Indian Parliament for approval. Now here, let’s discuss in brief about  Bloc