Digital Finance FAQ

 

Please introduce yourself?

We are leading Educational and Informative Web site in Kerala Based on Digital Finance / Commerce / Cooperation etc . We provide all information to students in the above mentioned areas with the support of Leading Coaching Centers in Kerala and it is free. We also conduct some prize oriented on line competitions in this filed also. For getting the same please visit our site regularly

Contact us at

INDIA DIGITAL BASE , 

AN ON LINE EDUCATIONAL VENTURE 

BY EDUCATION ZONE WEB INC,

EDUCATION & INFORMATIVE WEBSITE

THRISSUR , KERALA , INDIA

Admin anuarunmenon@gmail.com 

Technical Support mayawebanalysis@gmail.com

What is the difference between digital currency and cryptocurrency? ( Email Question )

A digital currency is issued by the Central bank while cryptocurrencies such as Bitcoin and Ethereum are private and have no issuers as such. According to the RBI, a digital currency is not comparable to private virtual currencies, which are at odds to the historical concept of money. Digital Currencies includes cryptocurrencies. 

“They are not commodities or claims on commodities as they have no intrinsic value,” Rabi Sankar , Deputy Governor of RBI , had said. Private cryptocurrencies are also unregulated and de centralised and tend to be highly volatile. In contrast, a C B D C will be the same in value as the paper currency and will be regulated and issued by the Central bank. However, both the Digital Rupee as well as private virtual currencies are based on block chain technology.

Please give examples for various types of digital currencies ? ( Email Question )

Central Bank Digital Currencies ( Eg  e - CNY of China ) and 

Cryptocurrencies with legal denomination like Bit Coin , Etherium , Doge Coin, Alt Coin , etc

Stable coins with legal denomination like Tether etc

Is Bit Coin transactions  is legal ? ( Email Question )

If it is approved by your country , then it is legal ( Eg USA , Canada and UK )

You can ask your doubts connected with Digital Currencies  as well as C B D C  in this section through  any of the emails provided in our site...

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What is Data anonymize ?

Answer Data anonymization is a type of information clearance / sanitization whose intent is privacy protection. It is the process of removing personally identifiable information from data sets, so that the people whom the data describe remain anonymous.

Question asked by Minera Cijeza  

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