Digital Rupee offline transactions: The RBI has announced that its Central Bank Digital Currency (CBDC) can now be programmed and used offline. Soon, users will be able to conduct offline transactions, even in areas with limited internet connectivity. During the recent Monetary Policy Committee review meeting on February 8, the RBI governor Shaktikanta Das said, … Read more
Former President Trump vowed Wednesday night to block the creation of a federal digital currency, calling it a “dangerous threat to freedom.” “Tonight, I am also making another promise to protect Americans from government tyranny,” Trump said at a rally in Portsmouth, N.H. “As your president, I will never allow the creation of a central … Read more
NEW DELHI: India’s central bank digital currency transactions crossed the one million mark a day for the first time on December 27 and has since hit a peak of over two million in a day. While CBDC or the e-rupee project is currently in the pilot stage, RBI had set a target of reaching a … Read more
NEW DELHI: The RBI is likely to launch the pilot of central bank digital currency (CBDC) for transactions for interbank borrowing or call money market by October, the regulator’s executive director Ajay Kumar Choudhary said on Sunday on the sidelines of the G20 Leaders’ Summit here. The pilot of the wholesale CBDC, known as the … Read more
NEW DELHI: The Reserve Bank is likely to launch the pilot of Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or call money market by October, central bank Executive Director Ajay Kumar Choudhary said on Sunday.The pilot of the wholesale CBDC, known as the Digital Rupee-Wholesale (e-W), was launched on November 1, 2022, … Read more
Cost of global payment transactions for individuals and the risks associated with them could come off considerably if the central bank digital currency (CBDC) becomes a reality, said Reserve Bank of India Deputy Governor, T Rabi Sankar. “Why is the average cost of transaction for retail 6%? It is not (because of) technology, technology can … Read more