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New platform to transform lending soon, says Das
3 months, 4 weeks ago

New platform to transform lending soon, says Das

The Hindu  

Reserve Bank of India Governor Shaktikanta Das on Monday said a technology platform called Unified Lending Interface, currently at a pilot stage, would enable friction-less credit while delivering banking services to farmers and MSME borrowers. “This platform facilitates seamless and consent based flow of digital information, including even land records of various States, from multiple data service providers to lenders,” …

India Credit Das Uli Cbdc
Hoarding ‘Britcoin’ to be banned over bank run fears under Sunak’s digital currency proposals
1 year, 10 months ago

Hoarding ‘Britcoin’ to be banned over bank run fears under Sunak’s digital currency proposals

The Telegraph  

Consumers will be blocked from hoarding new “digital pounds” issued by the Bank of England because officials fear a run on high street banks, according to a consultation paper that suggests a new form of money could be introduced by 2030. Governor Andrew Bailey and Chancellor Jeremy Hunt revealed a roadmap on Monday night for creating a new central bank …

Bank Digital Currency Mr Hunt Cbdc
‘Digital pound’ possible by 2030 in bid to combat falling use of cash
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
Digital rupee not the magic bullet Central government is hoping for
1 year, 11 months ago

Digital rupee not the magic bullet Central government is hoping for

The Hindu  

Published : Dec 29, 2022 10:30 IST In recent times, the financial world has been in a state of excitement after the Reserve Bank of India announced the launch of the pilot for a retail digital rupee on December 1. Crypto gamble It is to be noted that with the threat of cryptocurrency, which began with Bitcoin in 2009, now …

India Financial Bank Digital Currency Cent Rbi
India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?
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
With West’s SWIFT Punishment to Russia, India Must Offer the World a Better Alternative – Its GPI
2 years, 9 months ago

With West’s SWIFT Punishment to Russia, India Must Offer the World a Better Alternative – Its GPI

News 18  

The Russian invasion of Ukraine has resulted in European countries quickly knocking off Russian banks from the international payment network SWIFT. India’s Central Bank Digital Currency is a mouthful and CBDC sounds like a non-functioning government acronym, so let’s call it “e-Rupee” — a simple name that clearly defines its form and linkage to India’s fiat currency, the Rupee. To …

Global India Russia Digital Central Banks Cost Countries
We don't track crypto trading: Finance Ministry
3 years ago

We don't track crypto trading: Finance Ministry

The Hindu  

The government doesn’t collect information on cryptocurrency or Bitcoin transactions in the country and has no plans to recognise Bitcoin as a currency, the Finance Ministry told Parliament on Monday. “RBI has been examining use cases and working out a phased implementation strategy for introduction of CBDC with little or no disruption,” the Minister said, adding that an official digital …

India Cryptocurrency Crypto Bitcoin Currency State Ministry
Central Bank Digital Currencies: These Are The 13 Guiding Principles Set Out By G7 Finance Leaders
3 years, 2 months ago

Central Bank Digital Currencies: These Are The 13 Guiding Principles Set Out By G7 Finance Leaders

ABP News  

New Delhi: Group of Seven finance ministers and central bankers have endorsed 13 public policy principles for retail central bank digital currencies, and have said the digital payment ecosystem should be grounded in transparency, the rule of law and sound economic governance. They added: "Strong international coordination and cooperation on these issues helps to ensure that public and private sector …

International Policy Financial Financial System Bank Digital Economic Governance