India’s eRupee CBDC to Get Offline Payments Feature, Programmability Tweaks: RBI Governor

India’s eRupee CBDC to Get Offline Payments Feature, Programmability Tweaks: RBI Governor

ByNews Polite

The Reserve Bank of India (RBI) is looking to adopt offline strategies to ensure that the eRupee CBDC enters the financial system of rural and remote parts of India. RBI governor Shaktikanta Das reportedly stated that the central bank plans to experiment with offline solutions to drive the adoption of…

Davos 2024: RBI Governor Calls Crypto ‘Highly Speculative’ Amid Others Preaching Representation

Davos 2024: RBI Governor Calls Crypto ‘Highly Speculative’ Amid Others Preaching Representation

ByNews Polite

The ongoing 2024 session of the annual World Economic Forum (WEF) in Davos has brought together leaders of global finance industry under one roof. The topic of cryptocurrencies is gaining major traction among speakers and attendees, with industry experts shading divided opinions around the niche and upcoming financial technology. Speaking…

RBI Governor Shaktikanta Das Issues Crypto Warning After Terra’s LUNA, UST Collapse

RBI Governor Shaktikanta Das Issues Crypto Warning After Terra’s LUNA, UST Collapse

ByNews Polite

Shaktikanta Das, the governor of the Reserve Bank of India has stated in an interview that the country’s central bank has rightly been cautioning against cryptocurrencies, following the collapse of Terra’s UST and LUNA. On May 15, RBI officials warned that with most cryptocurrencies denominated by the US dollar, it…