India reiterates concerns over digital currency trading
India’s central bank reiterated its hesitation over digital currency after advising financial institutions that they are expected to reverse a trade ban in 2018, Bloomberg reported Friday (June 4). the Reserve Bank of India (RBI) recently asked lenders not to cite a 2018 central bank circular as a rationale for preventing digital currency trading. A court had since overturned the order. “There is no change in the position of RBI”, Governor of RBI Shaktikanta Das told the media, according to Bloomberg. “We have major concerns regarding the cryptocurrency, which we have conveyed to the government.”
In other news, Capital Unchained, Inc. Unveiled the “Initial Closing” of a $ 25 Million Series A Capital Raise Led by NYDIG in Addition to Stone Ridge Holdings Group, According to a Friday (June 4) ad. The Austin, Texas-based company is developing a financial services system for businesses and individuals who maintain long-term bitcoin wealth and wish to own a private key. “Historically, there has been a lack of investment in dedicated bitcoin infrastructure … but we expect this increase to be the first in a growing trend of all-bitcoin companies attracting capital investment at scale. which has long been deserved “, Unchained Capital Head of Business Development Parker lewis said in the ad.
On another side, Progressive care inc. now allows people to pay with bitcoin for its COVID-19 rapid testing services at the company’s PharmcoRx locations, according to a Friday (June 4) ad. Management noted in the statement that the move comes just before “the world’s largest Bitcoin conference” takes place this weekend, “drawing more than 50,000 visitors to Pharmco’s main market in the Miami metro area.” . According to the announcement, most international air carriers require testing based on the COVID-19 PCR, which PharmcoRx provides, as a “prerequisite for travel.”
And Digital anchor unveiled Ethereum-backed institutional loans through Anchorage Financing, according to a Way Publish. To this end, institutional clients can now leverage an “Ethereum-backed” US dollar line of credit through a BankProv Partnership. “We are taking our full service offering for the cryptocurrency community to the next level”, CEO of BankProv David Mansfield said in the ad. BankProv is one of America’s oldest banks, having operated for over two centuries as The Provident Bank before its “modern rebranding” last year.