RBI
India’s RBI to Launch ULI Platform, Boosting Credit Access
India is gearing up to launch a new digital platform designed to make lending easier for small and rural businesses, tackling a major issue with credit access across the board....
The RBA Keeps Interest Rates Unchanged at 4.35% Despite Market Turmoil
In a surprising turn in the financial landscape, the Reserve Bank of Australia (RBA) has held the interest rates unchanged at 4.35%. The central bank’s move follows the recent crypto...
India’s SEBI Proposes Multi-Regulator Approach for Cryptocurrency Oversight
India’s Securities and Exchange Board of India (SEBI) has proposed a novel regulatory framework for cryptocurrencies, advocating a multi-regulator approach, according to Reuters. This proposal marks a potential shift in...
Finance Minister of India Calls for Responsible Digital Currency Use
In a recent event in Bengaluru, India, the Finance Minister of India, Smt. Nirmala Sitharaman has declared that India is not against financial technology but emphasized that when it comes...
Nigeria, Turkey, India, Have Largest Adult Population Trading Crypto
According to a recent poll by the business data firm Morning Consult in conjunction with Bloomberg and World Bank, more than half of Nigeria and Turkey’s adult populations trade cryptocurrency...
RBI Governor: The Next Financial Crisis Will Be Due to Cryptos
On Wednesday, in a media summit, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das said that the next financial crisis will be due to private cryptocurrencies. Citing...
Indian Apex Bank Invites Eight Monetary Firms for CBDC Pilot Stage
The Reserve Bank of India has chosen eight commercial banks to participate in a trial stage for launching the central bank digital currency (CBDC) on December 1, 2022. According to...
RBI Announces First Pilot Study For ‘Retail’ Digital Rupee
RBI has announced the launch of the first pilot for the retail digital rupee on Dec 1. Eight banks have been selected to act as an intermediary for the pilot...
Korean Apex Bank Completes Two Testing Stages for its CBDC
Korean central bank tested a program that facilitates cross-border payment via CBDC. It also confirmed that offline CBDC translation was possible. Previously, India released a report for establishing retail and...
Indian Central Bank is Launching Retail and Wholesale CBDC
Reserve Bank of India released a 50-page concept note for CBDC launching. The country will establish a retail and wholesale CBDC to simplify transactions. The Indian crypto community does not...
