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Nalezeno "Reserve Bank": 385

RBI Governor Remains Critical of Crypto, Says World Can Not Take Crypto Mania Like Tulip Mania

11.1.2024
Source: X / @FinMinIndia The governor of the Reserve Bank of India, Shaktikanta Das, has reiterated the central bank’s negative stance on crypto. He said that the RBI’s position on cryptocurrency remains unchanged. “Traveling down that path will create huge risks. I don’t think...

India's Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks

4.1.2024
CoinDesk has viewed a letter dated Dec. 29 by the Reserve Bank of India (RBI) Governor Shaktikanta Das to staff that said the usage of the e-rupee (CBDC) "exceeded the milestone of 1 million transactions in a day on Dec. 27, 2023." A separate letter from one of the banks participating in...

India’s Digital Rupee Hit 1 Million Daily Transactions in December: Report

4.1.2024
Source: AdobeStock / picsmart India’s digital rupee hit 1 million daily transactions in December, aligning with the Reserve Bank of India’s targeted goal for daily transactions by the end of 2023, Reuters reported. The central bank digital currency (CBDC), known as the e-rupee,...

Indian Government is Actively Collaborating With Crypto Industry: Liminal Custody’s Country Head

19.12.2023
Manhar Garegrat, Country Head Liminal Custory As we conclude 2023, the Indian and global crypto industry went through quite a few milestones in terms of regulatory developments. In an exclusive interview with CryptoNews, Manhar Garegrat, the Country Head for India and Global Partnerships of Liminal...

Australian Cash Use in Decline as 75% of Residents Now Seen as ‘Low Cash Users’

15.12.2023
On Dec. 12, Michele Bullock, the governor of the Reserve Bank of Australia, revealed that as much as 75% of Australians are now considered to be “low cash users.” Bullock also noted that the reduction in the use of cash for transactions is putting a strain on the cash distribution...

India’s Central Bank Governor Warns Crypto Poses Higher Risk to Emerging Markets

6.11.2023
Reserve Bank of India (RBI) Governor Shaktikanta Das has once again warned about the threats that cryptocurrencies pose to global financial stability, particularly for emerging market economies. Speaking at the Business Standard BFSI Insight Summit 2023 in Mumbai, Das stressed the importance...

Fed, BOE officials share continuing interest in CBDCs, stablecoin regulation

27.10.2023
Sir Jon Cunliffe looks at payment solutions of the past and future in his last speech as deputy governor of the BOE

India's Central Bank Launches Wholesale CBDC Pilot For Inter-Bank Borrowing

20.10.2023
The Reserve Bank of India has initiated a wholesale Central Bank Digital Currency (CBDC) pilot program for inter-bank borrowing. The central bank had earlier announced its plans to test the wholesale CBDC, with the pilot now underway as of October. RBI’s executive director Ajay Kumar Choudhary...

Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024

16.10.2023
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024

India’s Central Bank RBI Launches CBDC Pilot in Call Money Market

14.10.2023
India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand its e-rupee testing to cover the entire wholesale...

Mastercard Announces Successful Wrapped CBDC Trial in Partnership with Reserve Bank of Australia

13.10.2023
Mastercard has announced a successful demonstration of an innovative solution that enables the wrapping of Central Bank Digital Currencies (CBDCs) on various blockchain networks. This solution emerged from a collaboration between Mastercard, Cuscal, and Mintable as part of a research project...

Zimbabwe turns gold-backed digital token into payment method

10.10.2023
The Reserve Bank of Zimbabwe first introduced its new project, in which every issued digital token would be backed by a physical amount of gold held in the bank’s reserves, in April 2023

Exclusive: Reserve Bank of Australia’s Approach Towards Issuing eAUD is “Multifaceted,” Says Canvas Head David Lavecky

9.10.2023
A recent report from the U.S.-based Atlantic Council think tank revealed that a total of 130 countries are now exploring central bank-issued digital currencies (CBDCs). Over half of those are already in advanced development, pilot or launch phases. However, when it comes to Australia, the process...

India working on 5-point crypto legislation as ban is ruled out

11.9.2023
Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI

India's Central Bank Explores New Features to Boost Digital Rupee Adoption

11.9.2023
The Reserve Bank of India (RBI) is actively collaborating with financial institutions to introduce innovative features aimed at popularizing the Central Bank Digital Currency (CBDC), Reuters reported. Currently, retail CBDC transactions in India are averaging around 18,000 daily, significantly...

India’s Central Bank Digital Currency Has 1.5M Users, 300K Merchants, Says RBI Chief

11.9.2023
Reserve Bank of India (RBI) Governor Shaktikanta Das has revealed that India’s central bank digital currency (CBDC) now has around 1.5 million users. In addition, over 300,000 merchants are currently accepting payments in digital rupees, and the pilot is being operated through 13 banks in...

RBI Governor Touts CBDC as Solution to 'High Cost, Low Speed' Cross-Border Payments

5.9.2023
Reserve Bank of India’s (RBI) Governor Shaktikanta Das has touted Central Bank Digital Currencies (CBDCs) as a solution to 'high cost, low speed' cross-border payments. In a recent keynote address at the G20 TechSprint Finale 2023 in Mumbai, RBI Governor emphasized the potential of CBDCs...