SWIFT Plans to Launch New Central Bank Digital Currency Platform Within Next Two Years

SWIFT Plans to Launch New Central Bank Digital Currency Platform Within Next Two Years

ByNews Polite

Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters. The move, which would be one of the most significant yet for…

Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report

Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report

ByNews Polite

The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday. Nearly two dozen central banks across emerging and advanced economies are…

Central Bank Digital Currency Set to Transform the Way Business Is Done, RBI Governor Says

Central Bank Digital Currency Set to Transform the Way Business Is Done, RBI Governor Says

ByNews Polite

Reserve Bank of India Governor Shaktikanta Das said CBDC is going to be a major transformation of the way business is done — the way transactions are conducted and highlighted that RBI is among the very few central banks in the world which have taken this initiative. While addressing FIBAC…