Digital Currency News
Businesses can take payment for a very low cost by using stablecoins, and governments can run conditional cash transfer schemes more easily than in the past
Central Bank Digital Currency going to bring major transformation in the way business is done: RBI Governor
RBI Governor Shaktikanta Das said that the central bank will to try and launch the CBDC in a full-fledged manner in the near future
The interbank market is anticipated to become more effective with the use of the digital rupee
The Reserve Bank of India will roll out the digital rupee for the wholesale segment today as part of its pilot project. The digital rupee (CBDC) will give a big boost to the economy and positively change the banking scenario of the country
RBI to soon launch e-rupee: What is the digital currency and how is it different from cryptocurrency?
The Central Bank Digital Currency is a legal tender issued by the bank. The Reserve Bank said it will soon begin the pilot launch of e-rupee for specific use cases in the country
The RBI said that it has been exploring the pros and cons of the introduction of Central Bank Digital Currency in India and the appropriate design elements of CBDCs that could be implemented with little, or no disruption are under examination
He said the digital currency issued by the RBI would be numbered in units, just like every fiat currency has an unique number
Finance minister Nirmala Sitharaman on Tuesday announced that the Reserve Bank of India (RBI) will soon introduce digital currency based on blockchain technology.
Union Budget 2022: Digital currency by RBI to be launched in 2022-2023, announces Nirmala Sitharaman
The RBI has been working on a plan to introduce the Central Bank Digital Currency (CBDC) for the past few months
WazirX trading platform deals with outages as cryptocurrencies dip; opens floodgates for memes on Twitter
WazirX crashed for several hours, and today, the platform suffered its second outage this week.
Finance Minister Nirmala Sitharaman on Wednesday said she will go through the Supreme Court order allowing banks and financial institutions to provide services related to cryptocurrencies
Banks spent last decade pulling out their economies from 2008 financial crisis, might spend next decade dealing with climate change.
Backers including financial companies Paypal Holdings Inc and Mastercard Inc also exited Libra project.
China's digital currency will not seek full control of individuals' transaction details, says central bank official
China is preparing to be the first country to roll out a digitised domestic currency, a development that is being closely watched by the world's financial services industries
Demonetisation 3rd anniversary: Banning high-value notes failed to meet objectives, but digitisation may check black money generation
The defenders argued that demonetisation would help digitise the economy and make future black money generation difficult as there would be an audit trail all the time.
Facebook CEO touted his optimistic vision of Libra and what it could mean for people around the world.
Facebook is open to looking at alternative approaches for the currency token it would use, says project head.
Amid sharp regulatory scrutiny, the 21 firms backing Libra pledged to forge ahead with the project.
Libra backers need to answer how they would ensure the currency is not used for illegal activities.
The Democrat who chairs the panel has been fiercely critical of Facebook, wants to halt Libra project.