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E-Rupee CBDC Said to Hit RBI Target of 1 Million Daily Transactions by End of 2023
Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.
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Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report
The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday. Currently, large state-owned and private lenders, including State Bank of India, Bank of Baroda, ICICI Bank, HDFC Bank, Ko...
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Central Bank Digital Currency Transactions to Remain Anonymous 'To a Certain Degree': RBI
Central bank digital currencies (CBDC) transactions would remain anonymous to a certain degree, Reserve Bank of India Deputy Governor T Rabi Sankar said on Wednesday. The IT department allows cash transactions up to a certain limit to be carried out without government ID proof, but the RBI is yet to clarified the degree to which CBDC transactions w...
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Anna May Wong Will Become The First Asian American To Feature On US Currency: Report
The coin includes the words, 'quarter dollar' and a Latin phrase "E pluribus unum," which means "out of many, one."
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Dinakaran Arrested, Panneerselvam Camp To Step Up Pressure For Expulsion: 10 Points
Nephew of the jailed AIADMK General Secretary VK Sasikala, TTV Dinakaran was arrested by the Delhi Police around Tuesday midnight on charges of fixing a deal to bribe Election Commission officials to get the party's 'two leaves' election symbol allotted for the Amma faction that he led as his aunt's proxy. The Crime Branch believes that the 27-year...
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Digital Transactions Not a Short-Term Substitute for Cash, Says PM Modi
"Digital transactions facilitate formal accounting and sizing of the economy," he said.
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Sweden's Digital Currency Efforts With 'E-Krona' May Come to Fruition in 2 Years
"Although it may appear simple at first glance to issue e-krona, this is something entirely new for a central bank and there is no precedent to follow."
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E-Rupee CBDC Said to Hit RBI Target of 1 Million Daily Transactions by End of 2023
Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.
-
Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report
The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday. Currently, large state-owned and private lenders, including State Bank of India, Bank of Baroda, ICICI Bank, HDFC Bank, Ko...
-
Central Bank Digital Currency Transactions to Remain Anonymous 'To a Certain Degree': RBI
Central bank digital currencies (CBDC) transactions would remain anonymous to a certain degree, Reserve Bank of India Deputy Governor T Rabi Sankar said on Wednesday. The IT department allows cash transactions up to a certain limit to be carried out without government ID proof, but the RBI is yet to clarified the degree to which CBDC transactions w...
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Anna May Wong Will Become The First Asian American To Feature On US Currency: Report
The coin includes the words, 'quarter dollar' and a Latin phrase "E pluribus unum," which means "out of many, one."
-
Dinakaran Arrested, Panneerselvam Camp To Step Up Pressure For Expulsion: 10 Points
Nephew of the jailed AIADMK General Secretary VK Sasikala, TTV Dinakaran was arrested by the Delhi Police around Tuesday midnight on charges of fixing a deal to bribe Election Commission officials to get the party's 'two leaves' election symbol allotted for the Amma faction that he led as his aunt's proxy. The Crime Branch believes that the 27-year...
-
Digital Transactions Not a Short-Term Substitute for Cash, Says PM Modi
"Digital transactions facilitate formal accounting and sizing of the economy," he said.
-
Sweden's Digital Currency Efforts With 'E-Krona' May Come to Fruition in 2 Years
"Although it may appear simple at first glance to issue e-krona, this is something entirely new for a central bank and there is no precedent to follow."
