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Digital Rupee: RBI Aims To Expand Use Cases, Features Of Retail, Wholesale CBDC
1 year, 6 months ago

Digital Rupee: RBI Aims To Expand Use Cases, Features Of Retail, Wholesale CBDC

News 18  

The Reserve Bank of India targets to expand the use cases and features of CBDC-Retail and CBDC-Wholesale, according to the central bank’s annual report released on Tuesday. “During 2023-24, the Reserve Bank aims at expanding the ongoing pilots in CBDC-Retail and CBDC-Wholesale by incorporating various use cases and features. “As the Reserve Bank embarks upon the journey of realising the …

Bank Rbi Cbdc Digital Rupee Use Cases Retail Wholesale
FedNow won’t give agency power to seize bank accounts for political beliefs
1 year, 7 months ago

FedNow won’t give agency power to seize bank accounts for political beliefs

Associated Press  

CLAIM: The Federal Reserve is launching a new program that will give it the power to monitor, freeze and even seize private bank accounts based on a person’s behavior or political beliefs. THE FACTS: A post circulating widely on social media claims a new government program will give the Federal Reserve broad powers to monitor and seize people’s personal bank …

Bank Power Officials Federal Fed System Bank Accounts
E-Rupee to be piloted by 5 more banks in 9 more cities soon
1 year, 10 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
What is a digital pound and how would I use it?
1 year, 10 months ago

What is a digital pound and how would I use it?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Treasury and the Bank …

England Money Bank Digital Treasury Sign Launched
Digital Rupee: Understanding the risks of using digital currency
1 year, 11 months ago

Digital Rupee: Understanding the risks of using digital currency

Live Mint  

Digital currency is essentially a replacement of conventional paper currency by currency in the form of digital data on a technology-based platform on a mobile device or otherwise. According to Stas Protassov, Co-founder and executive board member, Acronis, one of the risks which exist for most if not all digital currencies is double-spending scams exploiting protocol issues or application software …

India Indian Digital Risk Digital Currency Currency Risks
Don't create 'fear psychosis' on privacy concerns: RBI governor Shaktikanta Das
2 years ago

Don't create 'fear psychosis' on privacy concerns: RBI governor Shaktikanta Das

The Hindu  

Asserting that the newly-introduced Central bank digital currency does not leave any trail with a bank, RBI governor Shaktikanta Das on December 7 said there is no need to create a "fear psychosis" in the minds of people over privacy concerns. The pilot on the wholesale Central bank digital currency has been very satisfactory, and the RBI is keen to …

Bank Currency Central Rbi Das Concerns Privacy Concerns
Reserve Bank to trial digital currency in 'limited-scale pilot' scheme
2 years, 4 months ago

Reserve Bank to trial digital currency in 'limited-scale pilot' scheme

ABC  

The Reserve Bank of Australia will trial its own digital currency as part of a research project to evaluate the future of Central Bank Digital Currencies in Australia. Key points: The RBA will launch a pilot central bank digital currency as part of a research project The CBDC will be a real claim on the Reserve Bank, meaning it will …

Research Bank Digital Digital Currency Currency Project Central
Global experiments with digital currency: Do stable coins have a role to play?
3 years ago

Global experiments with digital currency: Do stable coins have a role to play?

Hindustan Times  

We’ll soon hear the clink of the digital rupee to keep up with the era of the cryptocurrency. A lot needs to be worked out in due course, including a new definition for a bank note to account for the incoming digital currency as well as the small matter of stability and risk elimination, something crypto currencies don’t do very …

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