[ad_1] Whatās in a symbol? A lot, if one goes by last weekās political storm over Tamil Naduās substitution of Indiaās rupee sign ā ā¹ā with a similar sounding letter in the Tamil script for the logo of its state budget. Union finance minister Nirmala Sitharaman called it an example of ālanguage and regional chauvinism”…
[ad_1] Ah, the sweet irony of great expectations. A digital currency born out of rebellionācreated by an anonymous entity right after the 2008 financial crisis that America gifted the worldāis now being paraded around by the very institutions it was designed to overthrow. Bitcoin was meant to challenge financial systems under sovereign control. By offering…
[ad_1] As part of its test run, it launched two kinds of CBDC in late 2022: a CBDC-W (wholesale) for settlement of secondary market transactions and a CBDC-R (retail) to be used as a digital version of fiat money. This is a sovereign currency.Ā While money transferred through digital platforms such as UPI is a…
[ad_1] Financial bubbles are inherently political. John Lawās doomed pumping of Mississippi Company stock in 18th-century France came with the stateās blessing. Deregulation also helped fuel Japanās 1980s market boom.Ā More recently, Sam Bankman-Fried (SBF), the frizzy-haired mogul jailed for his role in cryptocurrency exchange FTXās collapse, was accused by prosecutors of using over $100…
