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Can CBDC encourage the expansion of the Indian economy?

The Indian industry stands to gain from CBDC in a number of ways. Learn everything about it below.

March 31, 2023 07:57 AM

Banks in Russia will begin testing digital ruble CBDC on customers

Now, the testing won't start until the regulatory structure for execution has been approved by the Central Bank.

March 29, 2023 05:37 PM

CBDCs might lead to a Dark Future for the World

The adoption of CBDCs by central banks worldwide might eventually result in a dystopian nightmare where individuals are forced to do anything from spend their money to save it.

March 24, 2023 04:49 AM

Launch of Digital Dirham Strategy by UAE Central Bank

CBDC will solve local and international payment difficulties, improve financial inclusion, and advance a cashless society as part of the UAE's digital transformation.

March 24, 2023 04:02 AM

CBDC adoption may destabilize banks: US Treasury Research

According to U.S. Treasury research, banks would become unstable if CBDCs were completely integrated into the economy. Let's explore the study's primary facets.

March 23, 2023 12:06 PM

Amid a cash crunch, CBDC adoption is rising in Nigeria

Nearly 18 months after introducing its national CBDC in the midst of a severe cash crisis, Nigeria has seen a rise in CBDC acceptance. Transactions in eNaira now have a value of 22 billion nairas, or $47.2 million.

March 22, 2023 06:30 PM

Florida CBDC ban: Governor cites "reckless adoption" of digital dollar

Ron DeSantis, governor of Florida, has demanded a CBDC ban for the whole state. By 2023, according to DeSantis, he planned to have CBDC legislation on his desk for approval.

March 21, 2023 12:18 PM

IMF examines CBDC design: Context of Islamic banking, discovers risks

Several nations lack Islamic banking infrastructure, resulting in Islamic banks having a surplus of cash.

March 21, 2023 07:10 AM

US Fed to launch FedNow payment service: How will it impact CBDCs?

There are worries that the US Federal Reserve's FedNow quick payment service will prematurely extinguish the nation's interest in a digital currency. Yet, FedNow will start in July.

March 18, 2023 03:00 PM

RBI to collaborate with UAE's central bank for CBDC

RBI has recently sign MoU with UAE’s central bank to promote emerging areas of fintech, particularly central bank digital currency (CBDCs) cross-border transactions.

March 16, 2023 10:54 AM

Developments on Swift’s CBDC Connector

After more testing, which was successful, Swift will produce a beta version for central banks to evaluate even more thoroughly. Let's investigate it thoroughly.

March 15, 2023 04:20 PM

CBDCs should safeguard privacy rather than be used for surveillance: Ex-CFTC chair

Anti-money laundering and Know Your Customer regulations, according to former CFTC Chair Christopher Giancarlo, are out-of-date and legally dubious, and crypto technology might do better.

March 14, 2023 05:25 AM

Retail CBDC Worth Crores In Circulation: RBI

It is anticipated that the retail CBDC pilot would soon be expanded to include cities like Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna, and Shimla.

March 13, 2023 09:50 AM

Kochi Metro Accepts Payments via CBDC

Being the first metro in the nation to use the e-rupee, which is now seen as the money of the future, is something to be proud of for Kochi Metro.

March 12, 2023 04:55 AM

Ripple Faces New Challenge as Swift Enhances CBDC Cross-Border Testing

For interoperability and liquidity, the SpendTheBits app combines a CBDC portal, a mobile and merchant app, and an exchange portal. Let us find out more.

March 10, 2023 12:16 PM

SWIFT will continue testing the CBDC project

In order to connect the digital currencies of various nations, the banking network is attempting to create a system.

March 09, 2023 03:20 PM

ANZ will experiment offline CBDC payments using smart cards

In order to test offline CBDC payments using smart cards that can be loaded with money and used like actual currency, ANZ is collaborating with two institutions. Let's explore it further.

March 08, 2023 02:43 PM

CBDC accepted by WeChat China as a payment method

WeChat Pay presently has more over 1 billion active monthly users and exclusively accepts CBDC payments on specific applications.

March 07, 2023 06:49 PM

CBDC project ‘Icebreaker' concluded by Bank for International Settlement

A project that examines the potential benefits and difficulties of utilising UBDC in international payments has been completed by BIS in collaboration with the central banks of Sweden, Norway, Israel, and Sweden.

March 07, 2023 05:56 PM

Central Bank of Brazil Announces Experimental CBDC

The central bank of Brazil has formally initiated the CBDC experiment. Let's see what else there is to it.

March 07, 2023 04:09 PM

BIS claims that 'hub-and-spoke' cross-border transfers benefit retail CBDC

The approach enables central banks to maintain nearly complete control over their currencies while providing customers with the best foreign currency rates and speedier transactions.

March 06, 2023 05:05 PM

Ripple Working on Private XRP Ledger for CBDC: Ex-Executive

Here is what Matt Hamilton actually says about XRP Ledger and its private counterparts.

March 05, 2023 08:05 PM

India considers CBDC offline functionality: RBI executive director

According to the executive director of RBI, India's recently established internal CBDC is now being assessed for offline use. Let's find out more about it.

March 04, 2023 05:26 PM

All you need to know about CBDC pilot in Australia

The development of a CBDC is being investigated in more than 114 nations, including Australia. Let's learn more about it!

March 03, 2023 08:00 PM

Potential South Dakota amendment to UCC would outlaw cryptocurrency but not CBDC

Beginning on July 1, 2024, the legislation, which a Republican state lawmaker wrote, will outlaw the use of cryptocurrencies as a medium of trade.

March 03, 2023 02:00 PM

Central Bank Digital Currency (CBDC) Vs Cryptocurrency

Although having different capacities, some people think the CBDC vs. crypto argument should be seen in the perspective of capturing the unbanked population. Should we analyze both in depth today? Lets go!

March 02, 2023 11:18 PM

What is Central Bank Digital Currency (CBDC)?

CBDC is a digital representation of legal tender linked to a nation's reserve currency. The central banks that issue the assets, oversee their supply, and formulate corresponding policies are in charge of these digital currencies. Let's explore CBDCs in detail in this post.

March 01, 2023 11:00 PM

UK is on track with CBDC development: BoE Deputy Governor

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