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Latest Articles in digital currency
RBI Targets 1 Million Users For CBDC By June End
While the RBI has not specified a specific date for the full-fledged launch of the CBDC, it intends to adopt a careful and deliberate approach, stated RBI Deputy Governor
Read MoreZimbabwe’s New Gold-backed Digital Currency: Everything You Need To Know
Zimbabwe’s gold-backed digital currency comes one year after the country issued gold coins to help steady its fast-depreciating currency
Read MoreDigital Rupee All Set For Pilot Launch By RBI
In a concept note, the RBI stated that the CBDC, being a sovereign currency, holds unique advantages of central bank money, especially trust, safety, liquidity, settlement finality and integrity
Read More7.3% Indians Owned Digital Currency In 2021, 7th Highest In World: UN
Over seven per cent of India's population owns digital currency, according to the UN, which said that the use of cryptocurrency rose globally at an unprecedented rate during the COVID-19 pandemic
Read MoreWill Respect Privacy And Protect Personal Data While Using Digital Yuan: China
The People's Bank of China is a front-runner in developing and issuing a central bank digital currency (CBDC)
Read MoreUK Think Tank Calls For Global Digital Currency Rules
Key to realising the full potential of CBDCs is ensuring that they can operate across different markets to facilitate wholesale cross-border payments, says think tank
Read MoreDigital Rupee: How Will It Bring A Change?
The idea of a central bank digital cash (CBDC) has went forward movement lately, with a rising number of central banks declaring endeavors to investigate CBDC use plans
Read MoreRegulating Crypto Assets, Digital Currency India's Priorities: IMF Official
Overall, the IMF is looking at India in a very positive fashion, Tobias Adrian, Financial Counselor and Director of the Monetary and Capital Markets Department told PTI on Tuesday
Read MoreDiscussions On With RBI Over Digital Currency: Sitharaman
Last week, RBI Governor had said the central bank does not want to rush and is carefully examining all aspects before introduction of the CBDC
Read MoreCyber Security, Frauds Main Concerns With Digital Currency: RBI
The RBI had earlier this year announced that it has started work on the CBDC, in line with other major central banks of the world which are looking at a fiat digital currency.
Read MoreCash Going To Co-exist With RBI's Digital Currency: Former Governor Subbarao
The former RBI governor also noted that privacy is also going to be a big issue when the RBI launches the digital currency.
Read MoreGlobal Crypto Exchange CrossTower Enters India Despite Policy Uncertainty
India’s digital currency market has grown from $923 million in April 2020 to $6.6 billion in May 2021. Among 154 countries, India ranks 11th in cryptocurrency adoption
Read MoreCryptoBiz Exchange Takes Huge Strides With A Solid Technical Team
The government is also examining possible regulations of cryptocurrency exchanges with a focus on protecting investors and preventing market manipulation, as well as financial account reporting as it relates to crypto asset exchange accounts and payment service accounts that accept cryptocurrencies.
Read MoreModi Government Looking To Bring Digital Rupee In A Phased Manner
Recently, RBI Deputy Governor T Rabi Shankar expressed the government’s intention to launch its own version of digital currency in a phased manner.
Read MoreRBI Contemplating Pilot Launch Of Digital Currency In Near Future: Dy Guv
The Deputy Governor further said legal changes would be necessary as the current provisions have been made keeping in mind currency in a physical form under the Reserve Bank of India Act.
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