7.3% of Indians owned digital currency in 2021, 7th highest in world: UN

Date:

Over seven per cent of India’s population owns digital currency, according to the UN, which said that the use of cryptocurrency rose globally at an unprecedented rate during the COVID-19 pandemic.

The UN trade and development body UNCTAD said that in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the population that owns cryptocurrencies.

Ukraine topped the list with 12.7 per cent, followed by Russia (11.9 per cent), Venezuela (10.3 per cent), Singapore (9.4 per cent), Kenya (8.5 per cent) and the US (8.3 per cent).

In India, 7.3 per cent of the population owned digital currency in 2021, ranking seventh in the list of top 20 global economies for digital currency ownership as share of population.

UNCTAD urged authorities to take actions to curb the expansion of cryptocurrencies in developing countries, including ensuring comprehensive financial regulation of cryptocurrencies through regulating crypto exchanges, digital wallets and decentralised finance, and banning regulated financial institutions from holding cryptocurrencies (including stablecoins) or offering related products to clients.

━ related

Inauguration of Online Education Program “PAHAL” for Rural Children: Bridging the Education Gap

An online education program called "PAHAL" has been inaugurated with the aim of providing quality education to rural children. This initiative seeks to bridge the education gap by leveraging technology and digital platforms, enabling access to educational resources and opportunities for students in remote areas. PAHAL aims to empower rural children and equip them with the knowledge and skills needed to thrive in the digital age.

PM Modi to Embark on Visit to Japan, Papua New Guinea, and Australia for G7 and Quad Summits

Prime Minister Narendra Modi is set to embark on a significant international visit to Japan, Papua New Guinea, and Australia, where he will participate in the G7 Summit and the Quad Leaders' Summit. This diplomatic tour underscores India's commitment to multilateral cooperation, regional stability, and strengthening strategic partnerships with key nations. The summits will provide a platform for discussions on important global issues and pave the way for enhanced collaboration among participating countries.

World Telecommunication Day 2023: Connecting Communities and Advancing Digital Inclusion

World Telecommunication Day 2023 is celebrated globally to acknowledge the transformative power of telecommunications in connecting people, bridging the digital divide, and fostering socio-economic development. This annual observance highlights the importance of universal access to communication technologies and encourages efforts to leverage telecommunications for sustainable development and inclusive growth.

Uttar Pradesh Secures Second Position in GI-Tagged Products, Boosting Cultural and Economic Heritage

Uttar Pradesh, the vibrant state of India, has now claimed the second position in the country for having a substantial number of Geographical Indication (GI) tagged products. This achievement not only showcases the rich cultural diversity and traditional craftsmanship of the state but also highlights the economic potential and market value of these unique products. The GI tags provide protection and recognition to these products, fostering their preservation and contributing to the growth of local industries and artisans.

National Dengue Day 2023: Raising Awareness and Combating Dengue Fever in India

National Dengue Day 2023 is observed in India to raise awareness about dengue fever, its prevention, and control measures. With the aim of reducing the incidence of dengue and its impact on public health, various initiatives and campaigns are organized nationwide. National Dengue Day serves as a reminder to individuals, communities, and healthcare professionals to remain vigilant and take proactive measures to combat dengue.