Digital Currency

Digital Currency News

What are stablecoins and and how do they work? All you need to know
Business

What are stablecoins and and how do they work? All you need to know

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
Business

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

RBI to conduct pilot for digital rupee today; details here
Business

RBI to conduct pilot for digital rupee today; details here

The interbank market is anticipated to become more effective with the use of the digital rupee

RBI to launch India’s first digital rupee project: What is a CBDC and how will it work?
Business

RBI to launch India’s first digital rupee project: What is a CBDC and how will it work?

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?
Business

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

RBI to adopt graded approach to introduce digital currency
Business

RBI to adopt graded approach to introduce digital currency

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

India's official digital currency likely to debut by early 2023, says top government source
Business

India's official digital currency likely to debut by early 2023, says top government source

He said the digital currency issued by the RBI would be numbered in units, just like every fiat currency has an unique number

RBI to issue digital currency based on blockchain: What blockchain technology is, how it works
Business

RBI to issue digital currency based on blockchain: What blockchain technology is, how it works

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
India

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
News & Analysis

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 says will go through Supreme Court order on cryptocurrency
Business

Finance Minister Nirmala Sitharaman says will go through Supreme Court order on cryptocurrency

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

Could climate change be responsible for the next financial crisis? Yes, says a new report
Business

Could climate change be responsible for the next financial crisis? Yes, says a new report

Banks spent last decade pulling out their economies from 2008 financial crisis, might spend next decade dealing with climate change.

After Mastercard and Paypal, Vodafone Groups exits from Facebook's Libra project
News & Analysis

After Mastercard and Paypal, Vodafone Groups exits from Facebook's Libra project

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
News & Analysis

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
Business

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 Mark Zuckerberg says Libra must be encouraged, China already working on similar ideas
News & Analysis

Facebook CEO Mark Zuckerberg says Libra must be encouraged, China already working on similar ideas

Facebook CEO touted his optimistic vision of Libra and what it could mean for people around the world.

Facebook is open to use a stablecoin instead of a synthetic unit for Libra
News & Analysis

Facebook is open to use a stablecoin instead of a synthetic unit for Libra

Facebook is open to looking at alternative approaches for the currency token it would use, says project head.

Libra shouldn't be launched until the international risks it poses are addressed: G7 nations
News & Analysis

Libra shouldn't be launched until the international risks it poses are addressed: G7 nations

Amid sharp regulatory scrutiny, the 21 firms backing Libra pledged to forge ahead with the project.

Facebook's Libra must address a core set of legal and regulatory challenges: Brainard
News & Analysis

Facebook's Libra must address a core set of legal and regulatory challenges: Brainard

Libra backers need to answer how they would ensure the currency is not used for illegal activities.

Facebook CEO Mark Zuckerberg to testify before US panel regarding cryptocurrency Libra
News & Analysis

Facebook CEO Mark Zuckerberg to testify before US panel regarding cryptocurrency Libra

The Democrat who chairs the panel has been fiercely critical of Facebook, wants to halt Libra project.