RavenBlocks
@ravenblocks
149 Following
55 Followers
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@RBIGovernor Opposes ‘Private Money,’ India to Ban Crypto!
India remains the topper for the second consecutive year in 2024 in terms of crypto adoption. Still, it is worth noting that the nation is among countries with a tough and unfavorable set of rules for digital currencies.
During G30, the 39th Annual International Banking Seminar organized in Washington DC, the governor of the Reserve Bank of India, Shaktikanta Das, argued his uncomfortness with the idea of “private money,” which, as per him, is eroding the payment system and the sovereignty of regional governments.
The statement was made while Mr. Das was speaking over the issue concerning cryptocurrencies and stablecoins. Yet he did not oppose blockchain technology; instead, he praised the concept of Central Bank Digital Currency (CBDC), terming it the future of national/ fiat currencies. 0 reply
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Bill Gates Backs Harris with $50M, Crypto World Reacts.
Bill Gates, the co-founder of Microsoft, has reportedly donated around $50 million to Future Forward, a non-profit group backing U.S. Vice President Kamala Harris’s presidential campaign. This donation is notable because Gates has typically kept his political contributions low-key and has not publicly endorsed Harris.
💫According to the New York Times, Gates is concerned about the potential implications of a second term for Donald Trump. He fears that such an outcome could lead to cuts in vital areas like family planning and global health programs—issues his philanthropic organization, the Bill & Melinda Gates Foundation, deeply cares about.While Gates has publicly stated his commitment to work with any candidate he highlights that this election is different.💫
💫As per reports, he said, “I support candidates who show a commitment to improving health care, reducing poverty, and fighting climate change.”. His donation will not appear on… 0 reply
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During a recentevent in Wisconsin, Neel @Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, stated that crypto is used for "very few" transactions.
"People are buying and selling crypto, but they are not paying for goods and services. It almost never happens, unless people are buying drugs or other illegal activities," Kashkari said.
The Fed official has long been a staunch cr
itic of cryptocurrencies. As reported by @U.Today, he stated that the industry was mainly comprised of "fraud, hype, and noise" back in 2022. Earlier this year, hequestioned Bitcoin's utility, arguing that it cannot function as either a currency or an investment. He previously dismissed the largest cryptocurrency as a tool for speculation that is similar toBeanie Babies. 0 reply
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