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Tag Archives: currency

Viewpoint: Why Modi’s currency gamble was ‘epic failure’

India’s attempt to flush out undeclared wealth did not work, central bank figures show. The move, known as “demonetisation”, was a flagship policy of Prime Minister Narendra Modi. Economic analyst Vivek Kaul looks at what went wrong. The devil, as they say, is in the detail. On page 195 of this year’s Reserve Bank of India (RBI) annual report lies the answer ... Read More »

Bitcoin bond launch brings digital currency step closer to ‘world of high finance’

Bitcoin is getting closer to looking like a traditional financial product. Japanese financial information firm Fisco announced Monday it is experimenting with the country’s first bitcoin-backed bond. The news follows other announcements in the last several weeks for bitcoin options, futures and an exchange-traded fund tracking bitcoin derivatives in the U.S. “I think it’s a very healthy and natural progression of ... Read More »