Search For "central bank digital currency"
After a turbulent year for cryptocurrency, 2023 may see movement towards r
Updated : 4 weeks ago IST
Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said earlier this month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "next financial crisis" will come from private cryptocurrencies.
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Will CBDC (Central Bank Digital Currency) help India to achieve five trill
Updated : 1 month, 2 weeks ago IST
New Delhi [India], December 13 (ANI/PNN): India's quest to eradicate black money has been a long one considering the prominence of cash over digital currency and the gigantic population which previously believed in stashing cash under their mattresses. Will the advent of Central Bank Digital
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Bringing efficiency in cross-border payments among motivations behind whol
Updated : 1 month, 2 weeks ago IST
Bringing efficiency in cross-border payments is another important motivation for introducing Central Bank Digital Currency in the wholesale segment.
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In a World's First, Soulbound Tokens to be issued as Digital Medals by Ind
Updated : 1 month, 4 weeks ago IST
Chennai (Tamil Nadu) [India], December 1 (ANI/BusinessWire India): Today the world's first Token of Appreciation, Soulbound Token, will be issued by Dr K Jayanth Murali IPS, Director General of Police, Idol Wing CID, Tamil Nadu to outstanding members of his team. This is not the first time t
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RBI to launch retail digital rupee on Thursday on pilot basis
Updated : 2 months ago IST
According to a statement from RBI, the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants. The eRs-R would be in the form of a digital token that represents legal tender.
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Central Bank Digital Currency is going to be major transformation of the w
Updated : 2 months, 4 weeks ago IST
While addressing FIBAC on Wednesday, Governor Shaktikanta Das said, "Yesterday, we launched the trial of our digital currency, Central Bank Digital Currency (CBDC) project. It was indeed a landmark moment in the history of currency in our country. Going forward, it will be a landmark moment.
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UK central bank considering a central bank digital currency
Updated : 3 months ago IST
The central bank of the United Kingdom said people were using cash less and financial technology (fintech) firms have started to offer new forms of money and new ways to pay. The Bank posted a statement last week that these changes mean new opportunities and risks that the central bank needs
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RBI releases 'concept note' on Central Bank Digital Currency
Updated : 3 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], October 7 (ANI): The Reserve Bank of India (RBI) on Friday released a so-called 'concept note' on Central Bank Digital Currency (CBDC) with an objective to create awareness about the planned features of the digital rupee.
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Fintech system in India has evolved, poised for giant leap: Shaktikanta Da
Updated : 4 months, 1 week ago IST
Mumbai (Maharashtra) [India], September 20 (ANI): Reserve Bank of India Governor Shaktikanta Das has said the fintech system in India has evolved and is poised for a giant leap.
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RBI working on phased implementation of digital currency
Updated : 6 months, 1 week ago IST
New Delhi [India], July 20 (ANI): The Reserve Bank of India (RBI) is working on a phased implementation of the Central Bank Digital Currency (CBDC) in both wholesale and retail segments, Ajay Kumar Choudhary, Executive Director, RBI, said on Wednesday.
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China Matters highlighted the 6th World Intelligence Congress: China's Dig
Updated : 7 months, 1 week ago IST
Beijing [China], June 24 (ANI/PR Newswire): The year was 2014 when China's banking sector shook hands on a private banking license deal with the country's Big Tech giants like Alibaba and Tencent among others. This is when digital payments system including Alipay and WeChat, was born. But li
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RBI to adopt graded approach to introduction of digital currency
Updated : 8 months ago IST
Mumbai (Maharashtra) [India], May 28 (ANI): The Reserve Bank of India (RBI) proposes to adopt a graded approach for the introduction of digital currency in the country, according to the RBI's annual report for FY 2021-22.
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