#news #newstoday #tech #technews #latestnews #techupdates #newsupdates The US is considering rejecting the creation of a Central Bank Digital Currency (CBDC) through the Anti-CBDC Surveillance State Act. Unlike cryptocurrencies, a CBDC is a blockchain-based digital version of fiat currency issued and regulated by a central bank.Republican lawmakers, led by Congressman…
#news #newstoday #tech #technews #latestnews #techupdates #newsupdates Kazakhstan, aiming to advance trials of its digital Tenge CBDC this year, has sought the UAE’s expertise to explore the Web3 sector. In a recent development, the National Bank of Kazakhstan signed an MoU with the Central Bank of the UAE (CBUAE) to…
#news #newstoday #tech #technews #latestnews #techupdates #newsupdates The Central Bank of the UAE (CBUAE) plans to launch its Digital Dirham central bank digital currency (CBDC) between October and December. On Thursday, the bank said that the Digital Dirham token will improve security and efficiency of financial transactions, while reducing the…
#news #newstoday #tech #technews #latestnews #techupdates #newsupdates Shaktikanta Das, who assumed office as the 25th Governor of the Reserve Bank of India in December 2018, concluded his six-year tenure this week. In his farewell address, Das praised India’s tech-driven advancements in enhancing its financial ecosystem. He highlighted the introduction of…
Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year, it said on Thursday, the latest step in the currently slow-moving integration of such assets into the wider financial system. Banks and asset managers have been exploring “tokenising” traditional assets like bonds for…
India is one of several countries actively working to integrate Central Bank Digital Currencies (CBDCs) into their financial systems. Over the weekend, the International Monetary Fund (IMF) proposed a framework aimed at facilitating widespread adoption of CBDCs, known as REDI, which stands for Regulation, Education, Design and Deployment, and Incentives….
India’s digital Rupee, or eRupee central bank digital currency (CBDC), is presently in the advanced phases of its trials facilitated by 16 national banks. The eRupee has managed to amass five million users in its pilot stage, RBI Governor Shaktikanta Das claimed Monday. Das was speaking at a conference in…
GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank’s digital currency pilot by offering transactions via the eRupee, three sources directly involved in the discussions said. Indian fintech firms Cred and Mobikwik are the other two that have applied to join the…
Dubai-based ByBit crypto exchange has announced the integration of the eRupee CBDC with its peer-to-peer (P2P) transaction service. In an official statement, the exchange said it has received multiple requests from Indian merchants urging support for eRupee transactions. Since the eRupee is India’s RBI-issued digital currency, the merchants dealing in…
The Reserve Bank of India (RBI) released its latest report detailing the development and roadmap ahead for the digital finance industry. Among several innovations that the RBI praised in this report, the mention of the eRupee central bank digital currency (CBDC) did not go unnoticed. Built like crypto but regulated…
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