Search For "central bank digital currency"
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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Reliance Retail, Innoviti Technologies, ICICI Bank & Kotak Mahindra Ba
Updated : 3 years, 1 month ago IST
Bengaluru (Karnataka) [India], February 3 (ANI/PRNewswire): Innoviti Technologies in collaboration with Reliance Retail, ICICI Bank and Kotak Mahindra Bank, on Thursday announced the launch of in-store acceptance of retail payments via Digital Rupee - Retail [eRs-R]. After being the first to
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After a turbulent year for cryptocurrency, 2023 may see movement towards r
Updated : 3 years, 2 months ago IST
Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said earlier this month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "next financial crisis" will come from private cryptocurrencies.
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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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Bringing efficiency in cross-border payments among motivations behind whol
Updated : 3 years, 3 months ago IST
Bringing efficiency in cross-border payments is another important motivation for introducing Central Bank Digital Currency in the wholesale segment.
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In a World's First, Soulbound Tokens to be issued as Digital Medals by Ind
Updated : 3 years, 3 months ago IST
Chennai (Tamil Nadu) [India], December 1 (ANI/BusinessWire India): Today the world's first Token of Appreciation, Soulbound Token, will be issued by Dr K Jayanth Murali IPS, Director General of Police, Idol Wing CID, Tamil Nadu to outstanding members of his team. This is not the first time t
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RBI to launch retail digital rupee on Thursday on pilot basis
Updated : 3 years, 3 months ago IST
According to a statement from RBI, the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants. The eRs-R would be in the form of a digital token that represents legal tender.
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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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UK central bank considering a central bank digital currency
Updated : 3 years, 4 months ago IST
The central bank of the United Kingdom said people were using cash less and financial technology (fintech) firms have started to offer new forms of money and new ways to pay. The Bank posted a statement last week that these changes mean new opportunities and risks that the central bank needs
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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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Fintech system in India has evolved, poised for giant leap: Shaktikanta Da
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 20 (ANI): Reserve Bank of India Governor Shaktikanta Das has said the fintech system in India has evolved and is poised for a giant leap.
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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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