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Nalezeno "india": 1953

India’s FIU Considers Approving More Offshore Crypto Exchanges

6.9.2024
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction...

Turkey Seeks to Join BRICS to Strengthen Global Influence

4.9.2024
Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity...

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...

India’s HDFC Bank Launches New UPI and CBDC Features

2.9.2024
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed...

Payments in National Currencies Surge to 92% Among SCO Members

1.9.2024
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran...

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...

Telegram Under Scrutiny in India, But Ban not Imminent: Reports

27.8.2024
Telegram, perhaps the most prominent messaging service used by the cryptocurrency ecosystem, is under scrutiny in India but not in immediate danger of a ban, multiple reports have indicated. Indian authorities have asked the investigators for an update on the investigation after Telegram CEO Pavel...

Former Russian PM: BRICS Not Ready for Common Currency

27.8.2024
Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency, emphasizing the importance of increasing payments in national currencies instead. He cited challenges in creating a common currency, particularly between large economies like...

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...

Wazirx Begins INR Withdrawal Phase 1: Users Can Withdraw Up to 33%

26.8.2024
Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed....

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