Search For "cbdc"
China's "yuan diplomacy": A new form of debt trap
Updated : 2 years, 11 months ago IST
News reports suggested that China has now been trapping African nations into debt and as part of "forgiving" that debt China wants them to use the Chinese CBDC the Digital Yuan for all international commerce, trade and finance payments. By doing so, China has been establishing the Digital Yu
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RBI, UAE Central Bank sign MoU to facilitate cross-border CBDC transaction
Updated : 2 years, 12 months ago IST
Under the MoU, the two central banks will collaborate on various emerging areas of fintech, especially central bank digital currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI.
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Eight banks participated in digital currency project: RBI Deputy Governor
Updated : 3 years, 1 month ago IST
T Rabi Sankar said that there are currently over 50,000 retail central bank digital currency (CBDC) users in India.
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Will CBDC (Central Bank Digital Currency) help India to achieve five trill
Updated : 3 years, 3 months ago IST
New Delhi [India], December 13 (ANI/PNN): India's quest to eradicate black money has been a long one considering the prominence of cash over digital currency and the gigantic population which previously believed in stashing cash under their mattresses. Will the advent of Central Bank Digital
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RBI's digital rupee a "game changer", says SBI Chairman
Updated : 3 years, 3 months ago IST
The RBI on Thursday announced the launch of a digital rupee retail pilot for a closed user group.
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Central Bank Digital Currency is going to be major transformation of the w
Updated : 3 years, 4 months ago IST
While addressing FIBAC on Wednesday, Governor Shaktikanta Das said, "Yesterday, we launched the trial of our digital currency, Central Bank Digital Currency (CBDC) project. It was indeed a landmark moment in the history of currency in our country. Going forward, it will be a landmark moment.
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RBI releases 'concept note' on Central Bank Digital Currency
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 7 (ANI): The Reserve Bank of India (RBI) on Friday released a so-called 'concept note' on Central Bank Digital Currency (CBDC) with an objective to create awareness about the planned features of the digital rupee.
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RBI working on phased implementation of digital currency
Updated : 3 years, 7 months ago IST
New Delhi [India], July 20 (ANI): The Reserve Bank of India (RBI) is working on a phased implementation of the Central Bank Digital Currency (CBDC) in both wholesale and retail segments, Ajay Kumar Choudhary, Executive Director, RBI, said on Wednesday.
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China Matters highlighted the 6th World Intelligence Congress: China's Dig
Updated : 3 years, 8 months ago IST
Beijing [China], June 24 (ANI/PR Newswire): The year was 2014 when China's banking sector shook hands on a private banking license deal with the country's Big Tech giants like Alibaba and Tencent among others. This is when digital payments system including Alipay and WeChat, was born. But li
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Fireblocks appoints former Head of Fintech from Bank of England as New Dir
Updated : 3 years, 9 months ago IST
New York [US], May 31 (ANI/PRNewswire): Fireblocks (www.fireblocks.com), the industry leader and award-winning digital asset and crypto technology provider, announced today it has appointed the former Head of Fintech at the Bank of England, Varun Paul, as its new Central Banking Digital Curr
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RBI to adopt graded approach to introduce digital currency
Updated : 3 years, 9 months ago IST
New Delhi [India], May 28 (ANI): The Reserve Bank of India (RBI) on Friday said that it is proposing to adopt a graded approach to the introduction of Central Bank Digital Currency (CBDC) in conformity with the objectives of monetary policy, financial stability and efficient operations of cu
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Wide use of digital currencies in cross-border payments to be credit negat
Updated : 4 years, 6 months ago IST
Singapore, Sep 13 (ANI): Wide adoption of central bank digital currencies (CBDCs) in cross-border payments and settlements will be credit negative for banks because of lower fees and commissions, Moody's Investors Service said on Monday.
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