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2 weeks ago

Shaktikanta Das: Six major policy decisions in six years as RBI Governor

Outgoing Reserve Bank of India Governor Shakti Kant Das has guided the country’s monetary policy through turbulent times during his six-year tenure. The central bank also announced a monetary policy including a Targeted Long-Term Repo Operations of Rs 1 lakh crore aimed at supporting critical sectors like MSMEs and NBFCs. Indian digital currency revolution Under Das’s leadership, India made significant …

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8 months, 2 weeks ago

UPI, Sovereign Green Bonds, RBI Retail Direct Scheme App: Key Announcements By Shaktikanta Das Today

News 18

RBI Governor Shaktikanta Das on Friday said the RBI MPC has kept the repo rate unchanged at 6.5 per cent for the 7th time in a row. Apart from these, he also took several measures regarding sovereign green bonds, Retail Direct Scheme, and liquidity coverage ratio framework, etc. Trading of Sovereign Green Bonds in International Financial Services Centre RBI Governor …

Retail Mobile App Payment Cent Rate Rbi Banks

1 year, 10 months ago

‘Digital pound’ possible by 2030 in bid to combat falling use of cash

The Telegraph

The Bank of England and Treasury will next week throw their weight behind a "digital pound" as they set out a roadmap to introduce a new central bank currency by 2030. The decision by Mr Hunt and Mr Bailey to throw their weight behind the project comes almost two years after Prime Minister Rishi Sunak set up a taskforce as …

England Bank Digital Treasury Currency Hunt Cbdc

1 year, 11 months ago

Amid sanctions, Russia to begin working on CBDC settlement for cross-border payments

India Today

Amid the ongoing sanctions being imposed on Russia for waging a war against Ukraine, Russia's central bank, known as The Central Bank of the Russian Federation, is set to begin the creation of a cross-border settlement system using a central bank digital currency, claims a report. According to Kommersant, a local media outlet, the country’s central bank will study two …

Russia Model Cbdc

2 years ago

RBI Rolls Out First Pilot Project For Retail Digital Rupee In 4 Cities

ABP News

The Reserve Bank of India on Thursday launched the first pilot project for retail digital rupee in Mumbai, New Delhi, Bengaluru, and Bhubaneswar. The retail digital rupee project has started in a closed user group with the participation of four lenders -- State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank -- as well as customers and …

Retail Central Bank Digital Project Rbi Banks Rupee

2 years ago

Digital Rupee: Check List Of Banks, Cities That Will Be Part Of CBDC Pilot From December 1

ABP News

A month after the Reserve Bank of India launched the Digital Rupee for wholesale, the digital rupee for retail — denoted by e₹-R — will be rolled out as part of a pilot from December 1. Retail digital rupee to be launched in four cities Those in Mumbai, New Delhi, Bengaluru, and Bhubaneswar will be able to transact with e₹-R …

India Retail Cities Bank Digital Rbi Banks

2 years ago

India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?

Firstpost

On 1 December, India will join the list of countries that have introduced a Central Bank Digital Currency. Nigeria In October this year, the Central Bank of Nigeria marked one year since the launch of Africa’s first digital currency, the e-Naira. China’s central bank will expand the trials of its digital currency, the e-CNY, to four provinces, including Guangdong, Jiangsu, …

India China Russia Launch Central Bank Bank Currency

2 years ago

Explained: Why RBI is launching e-rupee in India

Firstpost

Four banks including SBI and ICICI will participate in the launch of the Central Bank Digital Rupee which will initially cover four cities — Mumbai, New Delhi, Bengaluru and Bhubaneswar. While some experts remain cautious about the concept, others are downright enthusiastic E-rupee to launch on 1 Dec: RBI’s rationale behind currency and what experts think Four banks including SBI …

India Bengaluru Mumbai Financial Digital Payments Bank Digital

2 years ago

RBI to launch retail digital rupee pilot on 1 December

Live Mint

Mumbai: The Reserve Bank of India on Tuesday announced the launch of a pilot for retail digital rupee on 1 December with four banks in four cities, a month after testing the wholesale central bank digital currency. The pilot, RBI said in a press release, would cover select locations in a closed user group, comprising participating customers and merchants. While …

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2 years, 1 month ago

Binance CEO sees no threat to crypto from central banks' digital currencies

The Hindu

Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as they would validate blockchain technology and build trust among sceptics, the CEO of the world's largest crypto exchange, Binance, said on Wednesday. Most major central banks, including the U.S. Federal Reserve, the Bank of England and the European Central Bank, are studying the potential …

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2 years, 1 month ago

CBDC will transform the way of doing business: RBI Governor Shaktikanta Das on e-rupee launch

India TV News

RBI E-Rupee CBDC: The RBI will follow up on the wholesale e-rupee pilot with a similar trial on the retail side this month itself, governor Shaktikanta Das said on Wednesday. The broader wish of the RBI is to execute a full-fledged launch of the CBDC "in the near future", Das said, choosing not to share a timeline for the same. …

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2 years, 1 month ago

RBI to launch India’s first digital rupee project: What is a CBDC and how will it work?

Firstpost

The Reserve Bank of India will roll out the digital rupee for the wholesale segment today as part of its pilot project. The digital rupee will give a big boost to the economy and positively change the banking scenario of the country After months of talks and rumours swirling, the Reserve Bank of India will roll out the digital rupee …

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2 years, 1 month ago

Digital Rupee: RBI To Begin First Pilot In Wholesale Segment on Tuesday

News 18

India’s First Central Bank Digital Currency: The Reserve Bank of India on Monday said the first pilot in the digital rupee– wholesale segment will commence on Tuesday. The announcement comes after the central bank earlier this month said that it will soon commence pilot launch of the digital rupee for specific use cases. The RBI also said, “The first pilot …

Bank Digital Currency Central Pilot Cbdc Digital Rupee

2 years, 2 months ago

RBI to soon launch e-rupee on pilot basis for limited use

India TV News

Digital money : The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India. "As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e-rupee, from time to time," the central bank …

Bank Digital Digital Currency Rbi Cbdc

2 years, 3 months ago

Weekly Crypto Roundup: UK’s crackdown, Iran’s CBDC, and crypto carbon credits

The Hindu

On Friday, Bitcoin was close to falling under the $19,000 level while Ether was hovering above the $1,300 level. Sanctioned platforms like Tornado Cash even offer ways to “mix” legitimate and stolen crypto funds to make tracing them more difficult. Human rights activists are worried that Iran’s digital currency could be used to surveil or cut the spending power of …

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2 years, 4 months ago

CBDC: Nepal To Issue Its Own Digital Currency, Prepares Legal Changes

ABP News

Nepal’s central bank, the Nepal Rastra Bank, is preparing to launch its own central bank digital currency soon. Following a study that noted that the introduction of a CBDC is indeed a feasible project, the NRB said it is ready with revisions to the Nepal Rastra Bank Act, 2002, that would allow it to issue a digital variant of its …

India Nepal Bank Digital Digital Currency Currency Cbdc

2 years, 6 months ago

RBI to adopt graded approach to introduce digital currency

Firstpost

The RBI said that it has been exploring the pros and cons of the introduction of Central Bank Digital Currency in India and the appropriate design elements of CBDCs that could be implemented with little, or no disruption are under examination New Delhi: The Reserve Bank of India on Friday said that it is proposing to adopt a graded approach …

India Monetary Policy Bank Digital Currency Currency Financial Stability Rbi

2 years, 7 months ago

Nirmala Sitharaman flags anonymity as 'inherent risk' in use of blockchain

Firstpost

The finance minister’s remarks come ahead of the launch of the budgetary announcement of CBDC which is based on the blockchain technology and billed as being similar to paper currency Mumbai: Finance Minister Nirmala Sitharaman on Saturday flagged anonymity as an “inherent risk” in blockchain technology and called for taking precaution in future with a rise in the use of …

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2 years, 10 months ago

30% tax on cryptocurrency: India’s plunge in the realm of digital currency

Op India

The exponential growth of the cryptocurrency in India was just a phenomenon until it was given a considerable attention by the government. Taking a conservative stand on the taxation of digital currency, Finance Minister Nirmala Sitharaman on Tuesday announced that government would earn 30% behind every penny of profit earned by way of transfer of virtual money. The launch of …

India Tax Budget Cryptocurrency Crypto Bank Digital

3 years, 5 months ago

RBI Contemplating Pilot Launch of Digital Currency in Near Future: Deputy Guv

News 18

The Reserve Bank is working on a phased implementation strategy for its own digital currency and is in the process of launching it in wholesale and retail segments in the near future, RBI Deputy Governor T Rabi Sankar said on Thursday. “Like other central banks, RBI has also been exploring the pros and cons of introduction of CBDC since quite …

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3 years, 6 months ago

Bitcoin not for us, HSBC CEO says

The Hindu

HSBC has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers, because they are too volatile and lack transparency, its Chief Executive Noel Quinn told Reuters. "For similar reasons we're not rushing into stable coins,"he said, referring to digital currencies such as Tether that seek to avoid the volatility typically associated …

China Bitcoin Reuters Hsbc Ubs Quinn Currencies

3 years, 8 months ago

Japan's central bank kicks off experiments on issuing digital currency

The Hindu

The Bank of Japan began experiments on Monday to study the feasibility of issuing its own digital currency, joining efforts by other central banks that are aiming to match the innovation in the field achieved by the private sector. The first phase of experiments, to be carried out until March 2022, will focus on testing the technical feasibility of issuing, …

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3 years, 10 months ago

Is India going to ban Bitcoin? Here is story so far

India Today

The Indian government is closer than ever to impose a blanket ban on crypto-currency trading, mining and investments in the country. A bill for the same has already been proposed and on Tuesday, Finance Minister Nirmala Sitharaman said in the Rajya Sabha that a high-level Inter-Ministerial Committee has been constituted under the Chairmanship of Secretary to study the issues related …

Finance India China Indian Digital Bitcoin Digital Currency

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Articles for Cbdc, search results for launch

Shaktikanta Das: Six major policy decisions in six years as RBI Governor

UPI, Sovereign Green Bonds, RBI Retail Direct Scheme App: Key Announcements By Shaktikanta Das Today

‘Digital pound’ possible by 2030 in bid to combat falling use of cash

Amid sanctions, Russia to begin working on CBDC settlement for cross-border payments

RBI Rolls Out First Pilot Project For Retail Digital Rupee In 4 Cities

Digital Rupee: Check List Of Banks, Cities That Will Be Part Of CBDC Pilot From December 1

India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?

Explained: Why RBI is launching e-rupee in India

RBI to launch retail digital rupee pilot on 1 December

Binance CEO sees no threat to crypto from central banks' digital currencies

CBDC will transform the way of doing business: RBI Governor Shaktikanta Das on e-rupee launch

RBI to launch India’s first digital rupee project: What is a CBDC and how will it work?

Digital Rupee: RBI To Begin First Pilot In Wholesale Segment on Tuesday

RBI to soon launch e-rupee on pilot basis for limited use

Weekly Crypto Roundup: UK’s crackdown, Iran’s CBDC, and crypto carbon credits

CBDC: Nepal To Issue Its Own Digital Currency, Prepares Legal Changes

RBI to adopt graded approach to introduce digital currency

Nirmala Sitharaman flags anonymity as 'inherent risk' in use of blockchain

30% tax on cryptocurrency: India’s plunge in the realm of digital currency

RBI Contemplating Pilot Launch of Digital Currency in Near Future: Deputy Guv

Bitcoin not for us, HSBC CEO says

Japan's central bank kicks off experiments on issuing digital currency

Is India going to ban Bitcoin? Here is story so far