Wednesday, March 29, 2023

RBI

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. The...

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. Das...

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 apex...

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...

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...

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...
 

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