News Muncher - searching for adoption

6 months, 4 weeks ago

RBI’s digital rupee must leap over many hurdles for wider adoption

The Reserve Bank of India has been striving to boost the adoption of its Retail-Central Bank Digital Currency or e-rupee. RBI is also aiming to onboard more non-bank payment service operators and make the e-rupee inter-operable with India’s Unified Payments Interface. Despite having clearly defined use-cases for their country-specific CBDCs, these pilot projects suffered from weak internet connectivity and poor …

India China Adoption Nigeria Bank Digital Currency Rbi

1 year, 4 months ago

G20 Summit 2023 New Delhi Declaration Crypto Regulation Policy Global Consensus Emerging IMF FSB CBDC Digital Rupee

ABP News

Prime Minister Narendra Modi announced on Saturday that the G20 had achieved unanimous agreement on a leaders' declaration. Among other notable developments, it appears that the much-discussed global coordination on crypto regulation has taken a solid step forward, as Finance Minister Nirmala Sitharaman said that a “global consensus” is emerging on virtual digital asset policies. Sitharaman said, “Global push for …

Global Crypto New Delhi Imf Risks Fsb Cbdc

1 year, 9 months ago

Understanding the current state of crypto assets in India

Live Mint

It is a sweeping wave for some and a conundrum for others but crypto is the new buzzword in the world of investment finance. On the whole, the government seems to be accepting crypto and the underlying blockchain technology rather than casting them away as ‘risky’ or even ‘banning’ them. Banking is still not a breeze given RBI’s concerns The …

India Crypto Indian Rbi Inr Cbdc Crypto Assets

1 year, 11 months ago

E-Rupee to be piloted by 5 more banks in 9 more cities soon

The Hindu

Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday. The Reserve Bank, which began piloting the central bank digital currency or e-rupee for retail customers in early December with eight banks in five cities, stressed …

Bank Banks Wholesale Cbdc

2 years, 1 month ago

CBDC is the UPI Moment for Fintechs: Rise of CBDC and Death of Crypto - News18

News 18

The fall of fraudulent and failing crypto exchanges is coinciding with the rise of CBDC across the world. CBDC, when programmed to be part of a smart contract, will reduce these layers of paper contracts and checks thus reducing the cost of trade or transactions both local and international. The promise of lower cost and reducing the global banks hegemony …

India International Trade Crypto Bank Digital Currency

2 years, 3 months ago

e-HKD: Hong Kong To Start Testing CBDC In The Coming Months

ABP News

Central Bank Digital Currency, or CBDC, is becoming a keen topic of interest among governments and central banks across the globe. To jump on to the digital coin bandwagon, the Hong Kong Monetary Authority announced in June its intention to introduce its own CBDC, which will be called e-HKD. Hong Kong’s CBDC test will be supported by the building of …

Hong Kong Digital Cbdc Hkma

2 years, 6 months ago

RBI unveils Payments Vision 2025 with intent to increase e-payments

India TV News

Highlights The core theme of the vision documents is E-Payments for Everyone, Everywhere, Everytime The volume of cheque-based payments are expected to be less than 0.25% of total retail payments UPI is expected to register average annualised growth of 50% and IMPS/ NEFT at 20% The RBI on Friday came out with its 'Payments Vision 2025' document which seeks a …

Payments Vision Digital Domestic 2025 Cent Rbi

3 years ago

The crypto phenomenon

The Hindu

A bulletin that announces issues to be discussed in the winter session of Parliament, which began in early December, had on its list the proposed cryptocurrency Bill. Following interviews with people knowledgeable on the subject, Frontline found that the collective opinion is that India should not lose out on this opportunity which, a crypto investor says, “is India’s Crypto moment”. …

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