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RBI to Introduce Pilot for Deposit Tokenisation Using CBDC Layer: Report
The Reserve Bank of India is set to begin a pilot for deposit tokenisation, leveraging the wholesale CBDC as its base. The initiative will test blockchain-based deposits for improved speed, security, and transparency in regulated financial markets. Officials also plan to explore tokenising money market instruments, including commercial papers, as p...
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RBI Cuts Repo Rate To 5.50%: What This Means
The repo rate is the interest rate at which the RBI lends money to commercial banks.
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Uber Reportedly Exploring Stablecoin Adoption to Cut Cross-Border Transfer Costs
Uber is looking to reduce the costs of processing international money transfers, and it is now analysing if stablecoins can help in the process. Dara Khosrowshahi, the CEO of Uber, spoke about Uber's ongoing stablecoin study phase during the Bloomberg Tech conference held this week in San Francisco.
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Donald Trump Establishes Strategic Bitcoin Reserve, Crypto Stockpile Utilising Seized Assets
US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a separate crypto stockpile. These reserves will be funded exclusively with crypto assets seized during federal investigations, rather than using taxpayer money to acquire new tokens.
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EU’s ESMA Sets Deadline for Crypto Service Providers to Restrict Non MiCA-Compliant Stablecoins
The European Securities and Markets Authority (ESMA) of the EU has asked crypto-asset service providers (CASPs) to put such procedures in place that can assess the compliance of ARTs and electronic money tokens (EMTs) with MiCA. Those found to be non-compliant must be restricted from being circulated, the ESMA has said.
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What Is MuleHunter.Ai? All About RBI's New Tool To Detect Financial Fraud
The Reserve Bank Innovation Hub (RBIH) has introduced MuleHunter.AI, an advanced AI tool aimed at combating financial fraud by detecting and flagging mule accounts involved in money laundering.
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Delhi Court Reserves Order On Summoning Lalu Yadav, Tejashwi In Land For Job Case
The Rouse Avenue court on Saturday reserved an order on summoning former Railway Minister Lalu Prasad Yadav and former Bihar Deputy Chief Minister Tejashwi Yadav and others in land for a job money laundering case under PMLA.
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Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
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Court Reserves Order On Probe Agency Chargesheet Against Arvind Kejriwal
A Delhi court on Tuesday reserved for June 4 its order on whether to take cognisance of the Enforcement Directorate's supplementary charge sheet against Chief Minister Arvind Kejriwal in the money laundering case linked to the alleged excise
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IPL 2024 Prize Money: KKR Get Rs 20 Crore, SRH Rs 13 Crore. RR And RCB Earned...
The organisers had reserved a total of Rs 46.5 crore for the IPL 2024 season. Here's the full list of award winners and prize money.
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RBI to Introduce Pilot for Deposit Tokenisation Using CBDC Layer: Report
The Reserve Bank of India is set to begin a pilot for deposit tokenisation, leveraging the wholesale CBDC as its base. The initiative will test blockchain-based deposits for improved speed, security, and transparency in regulated financial markets. Officials also plan to explore tokenising money market instruments, including commercial papers, as p...
-
RBI Cuts Repo Rate To 5.50%: What This Means
The repo rate is the interest rate at which the RBI lends money to commercial banks.
-
Uber Reportedly Exploring Stablecoin Adoption to Cut Cross-Border Transfer Costs
Uber is looking to reduce the costs of processing international money transfers, and it is now analysing if stablecoins can help in the process. Dara Khosrowshahi, the CEO of Uber, spoke about Uber's ongoing stablecoin study phase during the Bloomberg Tech conference held this week in San Francisco.
-
Donald Trump Establishes Strategic Bitcoin Reserve, Crypto Stockpile Utilising Seized Assets
US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a separate crypto stockpile. These reserves will be funded exclusively with crypto assets seized during federal investigations, rather than using taxpayer money to acquire new tokens.
-
EU’s ESMA Sets Deadline for Crypto Service Providers to Restrict Non MiCA-Compliant Stablecoins
The European Securities and Markets Authority (ESMA) of the EU has asked crypto-asset service providers (CASPs) to put such procedures in place that can assess the compliance of ARTs and electronic money tokens (EMTs) with MiCA. Those found to be non-compliant must be restricted from being circulated, the ESMA has said.
-
What Is MuleHunter.Ai? All About RBI's New Tool To Detect Financial Fraud
The Reserve Bank Innovation Hub (RBIH) has introduced MuleHunter.AI, an advanced AI tool aimed at combating financial fraud by detecting and flagging mule accounts involved in money laundering.
-
Delhi Court Reserves Order On Summoning Lalu Yadav, Tejashwi In Land For Job Case
The Rouse Avenue court on Saturday reserved an order on summoning former Railway Minister Lalu Prasad Yadav and former Bihar Deputy Chief Minister Tejashwi Yadav and others in land for a job money laundering case under PMLA.
-
Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
-
Court Reserves Order On Probe Agency Chargesheet Against Arvind Kejriwal
A Delhi court on Tuesday reserved for June 4 its order on whether to take cognisance of the Enforcement Directorate's supplementary charge sheet against Chief Minister Arvind Kejriwal in the money laundering case linked to the alleged excise
-
IPL 2024 Prize Money: KKR Get Rs 20 Crore, SRH Rs 13 Crore. RR And RCB Earned...
The organisers had reserved a total of Rs 46.5 crore for the IPL 2024 season. Here's the full list of award winners and prize money.
