MUMBAI: India central bank has proposed linking the official digital currencies of BRICS countries to facilitate cross-border trade and tourism payments, potentially reducing reliance on the US dollar amid rising geopolitical tensions. The recommendation was made by the Reserve Bank of India (RBI) to the government ahead of India hosting the 2026 BRICS summit. Read […]
digital currency
Israel nabs Russian citizen for spying for Iran
Israel has arrested a Russian citizen accused of spying for Iran, the Shin Bet security agency said on Friday. The suspect allegedly photographed Israeli ports and facilities under Iranian intelligence instructions. He reportedly received payments in digital currency for his activities. The 30-year-old, Vitaly Zvyagintsev, was detained in early December following secret investigations. Shin Bet […]
Pakistan urged to regulate crypto, explore digital rupee
ISLAMABAD: Pakistanis are estimated to have invested between $20-30 billion in asset-backed crypto instruments, with trading potentially reaching $300 billion — nearly the size of the country’s $400 billion GDP, experts told the Sustainable Development Policy Institute (SDPI) Conference on Friday. The figures, they stressed, remain indicative due to the absence of a legal framework […]
Dubai takes off with crypto: Fly & shop using digital currency
Dubai is stepping into the future of travel and shopping. Emirates Airline and Dubai Duty Free have partnered with Crypto.com. This move will let passengers pay for air tickets and shopping using digital currencies like Bitcoin. The new payment system is expected to be fully launched by next year, offering travelers more flexibility and modern […]