RBI
India’s RBI to Launch ULI Platform, Boosting Credit Access
ULI platform to revolutionize lending by speeding up credit access for small, rural businesses. Digital flow of data via ULI aims to slash loan processing…
The RBA Keeps Interest Rates Unchanged at 4.35% Despite Market Turmoil
The Reserve Bank of Australia has kept the interest rates unchanged at 4.35% despite recet market turmoil. The RBA has decided to stay vigilant before…
India’s SEBI Proposes Multi-Regulator Approach for Cryptocurrency Oversight
SEBI proposes multi-regulator oversight for cryptocurrency trading, diverging from RBI's concerns. Stablecoins could face prohibition, the panel aims to finalize recommendations by June. India's regulatory…
Finance Minister of India Calls for Responsible Digital Currency Use
The Finance Minister of India has emphasized the need for proper regulation and government backing in the digital currency market. The Reserve Bank of India…
Nigeria, Turkey, India, Have Largest Adult Population Trading Crypto
More than half of Nigeria and Turkey's adult populations trade cryptocurrency monthly. India has 300 million people in crypto, representing 29% of India’s adult population.…
RBI Governor: The Next Financial Crisis Will Be Due to Cryptos
Governor Shaktikanta Das says crypto poses risks for financial stability. He adds that the valuation of crypto has gone down from 190 to 140 billion.…
Indian Apex Bank Invites Eight Monetary Firms for CBDC Pilot Stage
The Indian central bank will commence the first pilot digital rupee tomorrow. The pilot will test the robustness of digital rupee creation and distribution. The…
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…
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…
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…
