India expands national payment network to Singapore: What’s in it for crypto?
One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program. Go to Source Powered by WPeMatico
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India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50k users
The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said. Go to Source Powered by WPeMatico
Crypto could spark the next financial crisis, says India’s RBI head
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown. Go to Source Powered by WPeMatico
India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims
An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated risks. “This is essentially what we are doing in the CBDC experiments,” he stressed. RBI … Read more
RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks
India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then expand to cover nine more cities across India. RBI Picks 8 Banks, 13 Cities to Test Retail Digital Currency The … Read more
First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28
New York governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy. Go to Source Powered by WPeMatico
The Reserve Bank of India to launch a retail CBDC pilot in December
The digital rupee is intended as a supplement to the current payment system and not its replacement. Go to Source Powered by WPeMatico
India’s Central Bank RBI Starts Digital Currency Pilot With 4 Banks: Report
India’s central bank, the Reserve Bank of India (RBI), has reportedly asked four banks to pilot the country’s central bank digital currency (CBDC) ahead of its public launch. RBI to Pilot India’s CBDC With Public-Sector Banks The Reserve Bank of India (RBI), the country’s central bank, has reportedly asked four public-sector banks to trial India’s … Read more
Binance distances from WazirX as Indian regulators keep chasing crypto
The ownership of WazirX became a hot topic as CZ claimed the deal never went through, but three years later, there’s still no clarity. Go to Source Powered by WPeMatico
Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency
India’s central bank, the Reserve Bank of India (RBI), is working on a “phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segments.” Necessary amendments have been made to the RBI Act, 1934 to allow the central bank to pilot and issue a digital currency. India’s Central Bank Digital Currency … Read more
