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Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador
24.9.2024
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January...
Australia’s central bank launches 3-year program for wholesale CBDC
18.9.2024
RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present
Australia’s central bank launches 3-year program for wholesale CBDC
18.9.2024
RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present
Report: Central Bank Gold Demand Surges in July Amid Rising Prices
3.9.2024
Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven...
JPMorgan Executive Sees Big Future for India’s CBDC Initiative
30.8.2024
Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank digital currency (CBDC), the e-rupee. He noted that CBDCs represent a significant...
RBI Governor Warns Against Rapid CBDC Launch, Advocates Gradual Approach
27.8.2024
The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the importance of gradual central bank digital currency...
India amasses 5M central bank digital currency users
26.8.2024
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions
India amasses 5M central bank digital currency users
26.8.2024
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions
India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report
24.8.2024
The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather...
Past rate cuts indicate potential crypto bull market catalyst — 21Shares
23.8.2024
The Federal Reserve is expected to begin lowering its benchmark interest rate in September
Past rate cuts indicate potential crypto bull market catalyst — 21Shares
23.8.2024
The US Federal Reserve is expected to begin lowering its benchmark interest rate in September
Past rate cuts indicate potential crypto bull market catalyst — 21Shares
23.8.2024
The US Federal Reserve is expected to begin lowering its benchmark interest rate in September
Binance’s return to India comes with $86M tax demand
20.8.2024
While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm
Bybit introduces Indian digital rupee CBDC payment option
31.7.2024
The use of the CBDC on the cryptocurrency exchange will enhance security and, it hopes, attract merchants
Key Interest Rate Decisions Coming This Week From Fed, BOJ, BOE
30.7.2024
The Fed is expected to hold policy steady but indicate an imminent rate cut, while the Bank of England is seen easing policy and the Bank of Japan is likely to hike rates
HK bank supports nation's regulatory goals with reserve services
19.7.2024
This development aligns with the city’s regulatory goals and represents a forward-thinking approach to integrating traditional banking with cutting-edge financial technologies
Zimbabwe central bank ironing out wrinkles in new currency
4.6.2024
The new currency, an outgrowth of the government’s gold-backed token, is performing well economically but receiving mixed public reviews
India Repatriates 100 Tonnes of Gold From UK, Aims to Move More
4.6.2024
According to local media reports, the Reserve Bank of India has repatriated 100 tonnes of gold that was held in the vaults of the Bank of England. The operation, carried out in special circumstances due to the quantity of gold moved, may be repeated as India seeks to hold more gold domestically...
India’s SEBI Open to Crypto Oversight, RBI Seeks Stablecoin Ban
16.5.2024
The Securities and Exchange Board of India (SEBI) has proposed a multi-regulator approach to oversee cryptocurrency trading. In contrast, the Reserve Bank of India (RBI) seeks a stablecoin ban.
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India Working on Offline Transferability of Digital Rupee, Says Central Bank Governor
8.5.2024
India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has emphasized the importance of ensuring the digital rupee’s ease of use. RBI Governor...