india: RBI in CBDC talks with US, Hong Kong and Swift for cross-border payments
Mumbai: India’s banking regulator is in discussions with its counterparts in the US and Hong Kong, as well as the Society for Worldwide Interbank Financial Telecommunications (Swift), to assess the feasibility of quick and inexpensive digital cross-border settlements that could involve transacting through central bank digital currencies (CBDC), people close to the development told ET. … Read more