The value of retail central bank digital currency in circulation saw a significant drop of 24.08 percent ...More

The value of retail central bank digital currency in circulation saw a significant drop of 24.08 percent in 2025-26. Despite this, the Reserve Bank of India continued pilot use cases. Initiatives included direct benefit transfers and public distribution system subsidies. The RBI also explored asset tokenisation and cross-border payment collaborations. ...Less

David Sacks, chair of the President's Council of Advisors on Science and Technology and former White Hous ...More

David Sacks, chair of the President's Council of Advisors on Science and Technology and former White House AI and Crypto Czar, has criticized US Senator Bernie Sanders' proposal to give the public a 50 per cent ownership stake in major American AI companies, warning that government control of artificial intelligence could lead to a "CCP-style social credit system" in the United States. ...Less

In the fiscal year 2025-26, India's financial landscape demonstrated remarkable stability. Both banks and ...More

In the fiscal year 2025-26, India's financial landscape demonstrated remarkable stability. Both banks and non-bank entities showcased solid balance sheets, reflecting a significant uptick in asset quality and sturdy capital reserves. With gross bad loans hitting their lowest levels in decades, comprehensive stress tests reaffirmed that banks are well-prepared for potential financial adversities. ...Less

In an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging ban ...More

In an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in attracting foreign currency non-resident deposits (FCNR(B)). By rolling out a series of enticing incentives for these deposits, the central bank aims to bolster dollar inflows, which will ultimately fortify the stability of the Indian rupee. ...Less

The push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and h ...More

The push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) deposits, aimed at strengthening forex reserves and easing pressures on the rupee. The rupee depreciated nearly 11% last fiscal year and touched a record low of 96.96 against the US dollar in May. It closed at 95.11 on Friday. ...Less

In a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is givi ...More

In a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and behind-the-scenes directives to expand the use of digital yuan, also known as e-CNY, in areas ranging from lottery draws to green electricity charges and fiscal spending. ...Less

Reserve Bank of India's spending on printing money dropped significantly. This happened even as the total ...More

Reserve Bank of India's spending on printing money dropped significantly. This happened even as the total value of currency in circulation grew. Higher denomination notes, especially the Rs 500 note, met this demand. Cash usage remains strong despite digital growth. The RBI plans to enhance banknote security and durability. ...Less

The Reserve Bank of India (RBI) plans to expand its digital rupee pilot to more direct benefit transfer s ...More

The Reserve Bank of India (RBI) plans to expand its digital rupee pilot to more direct benefit transfer schemes and the domestic retail space in the current fiscal year. Additionally, the RBI is exploring the use of CBDC in cross-border transactions, signing MoUs and engaging in bilateral discussions for pilot projects. ...Less

Tether, a major stablecoin issuer, is set to launch a digital token for the Georgian lari. This move has ...More

Tether, a major stablecoin issuer, is set to launch a digital token for the Georgian lari. This move has the backing of Georgia's government, signaling the country's embrace of digital assets. The token, named GELT, aims to boost cross-border trade and fintech development. Georgia is already a significant player in cryptocurrency mining, and new regulations are attracting digital asset businesses. ...Less

The Reserve Bank of India is ready to act to stabilize the foreign exchange market. Governor Sanjay Malho ...More

The Reserve Bank of India is ready to act to stabilize the foreign exchange market. Governor Sanjay Malhotra indicated the rupee may be undervalued. The central bank has tools and reserves to manage volatility. Inflation remains the primary focus for monetary policy. India's economic fundamentals are strong despite global pressures. ...Less

Iran's Nobitex exchange moved billions through Tron and BNB Chain, networks by Justin Sun and Changpeng Z ...More

Iran's Nobitex exchange moved billions through Tron and BNB Chain, networks by Justin Sun and Changpeng Zhao. These blockchains facilitated transactions for sanctioned Iranian entities. Meanwhile, Sun and Binance, Zhao's exchange, backed Donald Trump's crypto firm. This highlights potential conflicts with U.S. policy amid ongoing tensions. ...Less

Zerodha co-founder Nikhil Kamath questioned the long-term suitability of dollar-backed stablecoins for In ...More

Zerodha co-founder Nikhil Kamath questioned the long-term suitability of dollar-backed stablecoins for India and proposed exploring a gold-linked stablecoin. He said such a model could monetise idle household gold holdings while reducing dependence on dollar-dominated digital financial systems and supporting India’s strategic interests. ...Less

TMTG, the firm behind Donald Trump's Truth Social, unveiled a troubling report showing a net loss of more ...More

TMTG, the firm behind Donald Trump's Truth Social, unveiled a troubling report showing a net loss of more than $400 million in the first quarter, primarily linked to a nosedive in cryptocurrency valuations. Earnings dipped below $1 million during this period, raising questions about the viability of its substantial investments in the crypto space. ...Less

Former prosecutor Katie Haun has secured $1 billion for new venture funds, focusing on crypto and blockch ...More

Former prosecutor Katie Haun has secured $1 billion for new venture funds, focusing on crypto and blockchain companies, with a strategic blend of AI and financial services. Her firm, Haun Ventures, aims for global investments, leveraging her unique background in law enforcement and tech to navigate evolving markets and policy landscapes, despite past industry volatility. ...Less

India is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve e ...More

India is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in government subsidies. Farmers like Samadhan Sonawane are receiving funds directly for farm equipment. Similar trials are underway for food distribution. The e-rupee offers programmable features to ensure funds are used as intended. ...Less

While India's early efforts are modest compared with those of China, where more than 200 million people u ...More

While India's early efforts are modest compared with those of China, where more than 200 million people use the e-yuan, the world's most populous nation could in theory become its biggest CBDC issuer if the system gains traction. ...Less

Crypto card spending growth 2026: Crypto cards are experiencing a surge in popularity, with monthly trans ...More

Crypto card spending growth 2026: Crypto cards are experiencing a surge in popularity, with monthly transaction volumes reaching approximately $600 million. This growth is driven by seamless integration with existing payment networks like Visa and Mastercard, enabling everyday spending of digital assets. ...Less

Justin Sun is suing World Liberty Financial, a crypto venture co-founded by Donald Trump and his sons. Su ...More

Justin Sun is suing World Liberty Financial, a crypto venture co-founded by Donald Trump and his sons. Sun alleges the company illegally froze his token holdings, worth approximately $320 million. He claims World Liberty secretly installed tools to prevent him from selling his tokens. The company denies the allegations, calling them meritless. ...Less

Iran's central bank has confirmed receiving transit fees for ships in the Strait of Hormuz. The revenue w ...More

Iran's central bank has confirmed receiving transit fees for ships in the Strait of Hormuz. The revenue was deposited in cash currency. Iran's Deputy Parliament Speaker stated the tolls are a rightful fee for using Iranian territorial waters. He also warned of consequences for aggressive US policies. ...Less

Financial markets must become more agile and intelligent. CCIL Chairman Rajeshwar Rao highlighted the nee ...More

Financial markets must become more agile and intelligent. CCIL Chairman Rajeshwar Rao highlighted the need for stronger integration to face technological shifts and geopolitical challenges. Emerging technologies like AI will enhance efficiency and resilience. ...Less

A massive $300 million cryptocurrency heist, the year's largest, has been attributed to North Korea's not ...More

A massive $300 million cryptocurrency heist, the year's largest, has been attributed to North Korea's notorious Lazarus Group. This sophisticated cyberattack targeted KelpDAO, exploiting vulnerabilities in LayerZero's servers. The stolen funds likely fuel the rogue state's illicit nuclear weapons program, highlighting ongoing global cyber threats. ...Less

Iran war: As geopolitical tensions continue with the looming threat of a restart of the conflict in Iran, ...More

Iran war: As geopolitical tensions continue with the looming threat of a restart of the conflict in Iran, India finds itself at a crossroads economically. One innovative solution could be the implementation of multiple time zones: eastern regions could synchronise with Bangladesh while western areas align with Pakistan. ...Less

Crypto entrepreneur Justin Sun on Tuesday sued World Liberty Financial, the digital currency venture co-f ...More

Crypto entrepreneur Justin Sun on Tuesday sued World Liberty Financial, the digital currency venture co-founded by U.S. President Donald Trump and his sons, alleging that World Liberty illegally froze his holdings of tokens issued by the company. ...Less

The introduction of e-RUPI will provide a new level to the governance of information technology. It has b ...More

The introduction of e-RUPI will provide a new level to the governance of information technology. It has been met with enthusiasm by cryptocurrency aficionados, who think that crypto assets and measures to promote the digital ecosystem can coexist together. ...Less

The cryptocurrency market is ever-changing. With cryptocurrency apps like Coinswitch Kuber making signifi ...More

The cryptocurrency market is ever-changing. With cryptocurrency apps like Coinswitch Kuber making significant headway into easing crypto investment. ...Less

The chief executive of Tesla Inc, whose recent tweets have fueled the digital-currency rally, made the re ...More

The chief executive of Tesla Inc, whose recent tweets have fueled the digital-currency rally, made the remark on Twitter while replying to a user who said that gold was better than both bitcoin and conventional cash. ...Less

The digital-currency has plunged over 50 per cent in the past 13 trading days. ...More

The digital-currency has plunged over 50 per cent in the past 13 trading days. ...Less

Iran proposes digital currency for Strait of Hormuz passage tolls. This move highlights a significant san ...More

Iran proposes digital currency for Strait of Hormuz passage tolls. This move highlights a significant sanctions-evasion network. While legitimate channels find this plan unworkable, Iran's crypto ecosystem is growing. The Islamic Revolutionary Guard Corps channels billions through digital assets. This reveals a complex infrastructure for moving funds outside Western financial systems. The transparency of blockchain presents challenges for Iran's plans. ...Less

Bitstamp is one of the major price sources for cryptocurrencies, which have no unified quotation system. ...More

Bitstamp is one of the major price sources for cryptocurrencies, which have no unified quotation system. ...Less

Russian President Vladimir Putin will attend the upcoming BRICS summit in India. New Delhi will host the ...More

Russian President Vladimir Putin will attend the upcoming BRICS summit in India. New Delhi will host the 18th BRICS Summit in September 2026. This marks Putin's second visit to India in less than a year. Leaders from key developing nations will gather. The summit takes place during a period of global uncertainty. ...Less

The giant gaps between those numbers are an indication, if nothing else, of the sheer number of dishonest ...More

The giant gaps between those numbers are an indication, if nothing else, of the sheer number of dishonest people who have been drawn to the fiasco around Mt. Gox and bitcoins. ...Less

Bitcoin dipped below its 200-day moving average for the first time in more than two years on Tuesday. ...More

Bitcoin dipped below its 200-day moving average for the first time in more than two years on Tuesday. ...Less

Iran is considering digital currency payments, potentially Bitcoin or stablecoins, for vessels transiting ...More

Iran is considering digital currency payments, potentially Bitcoin or stablecoins, for vessels transiting the Strait of Hormuz as a sanctions evasion tactic. While crypto market participants deem this unworkable through legitimate channels, the proposal underscores a broader, harder-to-curb sanctions-evasion network. ...Less

The Reserve Bank of India has launched a retail sandbox for its central bank digital currency (CBDC), ena ...More

The Reserve Bank of India has launched a retail sandbox for its central bank digital currency (CBDC), enabling fintech firms to develop and test solutions for the ongoing pilot. This initiative follows the commencement of the e-rupee pilot on December 1, 2022, which has already garnered approximately 7 million users in India. ...Less

The largest digital coin fell as much as 4.1% and was trading at about $29,700 as of 7 a.m. in London. Ot ...More

The largest digital coin fell as much as 4.1% and was trading at about $29,700 as of 7 a.m. in London. Other virtual currencies also retreated, including second-ranked Ether. The Bloomberg Galaxy Crypto Index was down about 4%. ...Less

As India wants to leverage its fintech startup space and reap the benefits of a digital currency -even as ...More

As India wants to leverage its fintech startup space and reap the benefits of a digital currency -even as it seems to have decided to recognise CBDC as the only digital currency - it would do well to exercise the same degree of caution while moving forward to roll out a CBDC. ...Less

It, however, pitched for introduction of an official digital currency with a status of a legal tender and ...More

It, however, pitched for introduction of an official digital currency with a status of a legal tender and appropriately regulated by the Reserve Bank of India. ...Less

Cryptocurrencies rely on blockchain technology, a database shared across a network of computers, in which ...More

Cryptocurrencies rely on blockchain technology, a database shared across a network of computers, in which records are difficult to change once added. ...Less

The internet-search giant is also restricting ads for financial products including binary options. ...More

The internet-search giant is also restricting ads for financial products including binary options. ...Less

Codenamed “Project Dunbar,” the development also proves that financial institutions could use central ban ...More

Codenamed “Project Dunbar,” the development also proves that financial institutions could use central bank digital currencies to transact directly with one another on a shared platform, reducing the need for intermediaries and cutting costs and time. ...Less

The e-rupee—India’s central bank digital currency (CBDC)—is issued in the same denominations as coins and ...More

The e-rupee—India’s central bank digital currency (CBDC)—is issued in the same denominations as coins and bank notes. Users may transact with it through a digital wallet offered by participating banks and stored on mobile phones or similar devices. Unlike savings bank account balance, the e-rupee does not earn any interest income. ...Less

The prototype aims to enable digital currency for interbank settlements for a consortium consisting of th ...More

The prototype aims to enable digital currency for interbank settlements for a consortium consisting of the Bank of Thailand and eight commercial banks in Thailand. ...Less

Iran is reportedly tightening control over the Strait of Hormuz. Oil tankers may face cryptocurrency tran ...More

Iran is reportedly tightening control over the Strait of Hormuz. Oil tankers may face cryptocurrency transit fees and detailed checks. This move aims to monitor vessel movements during a ceasefire. Shipping companies are pausing operations due to warnings. The situation creates a gridlock with hundreds of ships waiting. Access to the strait remains a critical issue in ongoing negotiations. ...Less

Addressing a roundtable on 'Investing in India's Digital Revolution' in San Francisco, the minister encou ...More

Addressing a roundtable on 'Investing in India's Digital Revolution' in San Francisco, the minister encouraged constant engagement with investors to understand and address their concerns. The Finance Minister said she was open to receive suggestions, understand pain points and offer necessary redressal wherever possible. ...Less

Finance Minister Nirmala Sitharaman, in her Budget 2022 speech announced that the Reserve Bank of India ( ...More

Finance Minister Nirmala Sitharaman, in her Budget 2022 speech announced that the Reserve Bank of India (RBI) will be launching Central Bank Digital Currency or CBDC. The RBI is yet to come out with a framework for digital currency. Read on to know how Digital currency is likely to change the way you make transactions and digital payments. ...Less

In a striking maneuver, President Donald Trump's family business is broadening its horizons international ...More

In a striking maneuver, President Donald Trump's family business is broadening its horizons internationally while tapping into the burgeoning world of cryptocurrencies. This bold expansion sparks a debate about ethical implications and potential conflicts of interest, especially with foreign dealings and prospective government contracts coming under the microscope. ...Less

The move on CBDC comes at a time when there has been a huge shift seen towards private virtual currencies ...More

The move on CBDC comes at a time when there has been a huge shift seen towards private virtual currencies called cryptocurrencies. ...Less

The RBI, he informed, is trying to calibrate policy on digital payments as per the feedback being receive ...More

The RBI, he informed, is trying to calibrate policy on digital payments as per the feedback being received from stakeholders. Highlighting the growing significance of digital payments segment in the country, Sankar noted that it was growing at the rate of 40 to 50 per cent per annum. ...Less

The research by the US-based Atlantic Council think tank highlighted that all G20 countries except for Ar ...More

The research by the US-based Atlantic Council think tank highlighted that all G20 countries except for Argentina are now in one of those far-along phases although, notably, the United States is falling increasingly behind. ...Less

Tim Cook said Apple has been looking at crypto, but might not offer users a way to pay with it anytime so ...More

Tim Cook said Apple has been looking at crypto, but might not offer users a way to pay with it anytime soon. ...Less

Genesis filed for bankruptcy in January owing at least $3.4 billion to creditors and reached an agreement ...More

Genesis filed for bankruptcy in January owing at least $3.4 billion to creditors and reached an agreement in principle on a restructuring plan, supported by Digital Currency Group, and its primary creditors, including Gemini, in February. ...Less

According to M Nagaraju, secretary, department of financial services, ministry of finance, government sch ...More

According to M Nagaraju, secretary, department of financial services, ministry of finance, government schemes can give the central bank digital currency a strong boost. CBDC has been integrated into schemes, such as Subhadra Yojana, which supports women in Odisha, and the Delhi government's cash incentive scheme for women. ...Less

Roughly 100 countries are now looking at CBDCs, the IMF estimates, and it published a study on Wednesday ...More

Roughly 100 countries are now looking at CBDCs, the IMF estimates, and it published a study on Wednesday looking at six nations including China, Sweden and the Bahamas where digital money is already up and running or at an advanced stage. ...Less

The central bank presidents for Honduras and Guatemala both said the banks were studying digital currenci ...More

The central bank presidents for Honduras and Guatemala both said the banks were studying digital currencies with the aim of eventually introducing them into the economy, including via a central bank digital currency ...Less

If issued, a central bank digital currency (CBDC) would complement cash and could act as a liquid, safe s ...More

If issued, a central bank digital currency (CBDC) would complement cash and could act as a liquid, safe settlement asset and an anchor for the payments system ...Less

The central bank presidents for Honduras and Guatemala both said the banks were studying digital currenci ...More

The central bank presidents for Honduras and Guatemala both said the banks were studying digital currencies with the aim of eventually introducing them into the economy, including via a central bank digital currency. ...Less

A federal government panel is examining options such as banning, regulating or limited intervention for v ...More

A federal government panel is examining options such as banning, regulating or limited intervention for virtual currencies in India. ...Less

SWIFT plans to trial live transactions of tokenised assets and digital currencies next year. The initiati ...More

SWIFT plans to trial live transactions of tokenised assets and digital currencies next year. The initiative aims to make trading quicker and more efficient. Despite banks exploring tokenisation, market adoption has been slow. Central banks are also testing digital currencies to facilitate these trades. ...Less

The Fed official said the US central bank should study the pros and cons of potentially creating an offic ...More

The Fed official said the US central bank should study the pros and cons of potentially creating an official digital currency, a process the Fed is undertaking now. But he said any proposal to create a US central bank digital currency, or CBDC, must clear a "high bar." ...Less

Banks, credit card companies and digital payments processors are nervously watching the push to create an ...More

Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin. ...Less

The report, titled ‘Future of Money’, said CBDCs have the capacity to boost financial inclusion by offeri ...More

The report, titled ‘Future of Money’, said CBDCs have the capacity to boost financial inclusion by offering a safe and affordable means of making transactions for people with no access to traditional banking services. ...Less

The past 18 months have seen turmoil in the crytpo market, including the failure of TerraUSD, an unbacked ...More

The past 18 months have seen turmoil in the crytpo market, including the failure of TerraUSD, an unbacked stablecoin, in May 2022, the collapse of crytpo exchange FTX in November and the bankruptcy of banks such as Silicon Valley Bank and Signature Bank, which serviced crypto providers. ...Less

A top government source said the digital currency issued by the RBI would be numbered in units, just like ...More

A top government source said the digital currency issued by the RBI would be numbered in units, just like every fiat currency has an unique number. ...Less

The growing use of digital currency will result in rise in cyber laundering as hacking attacks and online ...More

The growing use of digital currency will result in rise in cyber laundering as hacking attacks and online scams take centre stage on Internet. ...Less

Digital currency, backed by an asset such as gold or fiat is known as stable coin –– whose value is not a ...More

Digital currency, backed by an asset such as gold or fiat is known as stable coin –– whose value is not as volatile as cryptocurrencies like bitcoin or ethereum. ...Less

Visa will begin piloting a programme with blockchain software firm ConsenSys after discussions with 30 ce ...More

Visa will begin piloting a programme with blockchain software firm ConsenSys after discussions with 30 central banks about goals related to government-backed digital currencies, according to a Bloomberg report. ...Less

As a financial services innovation, CBDCs are likely to play a pivotal role in shaping the 'future of val ...More

As a financial services innovation, CBDCs are likely to play a pivotal role in shaping the 'future of value transfer', the report said, adding that most central banks worldwide are now in various stages of their evaluation of launching their national digital currencies. ...Less

January 3 marked the seventh anniversary of Bitcoins. ET takes a look at the current status of this digit ...More

January 3 marked the seventh anniversary of Bitcoins. ET takes a look at the current status of this digital currency. ...Less

Cred becomes the first fintech platform in India to offer access to the e-rupee, a digital currency launc ...More

Cred becomes the first fintech platform in India to offer access to the e-rupee, a digital currency launched by the Reserve Bank of India. The rollout will initially target a select set of users with YES Bank facilitating the issuance of e-rupee tokens. Adoption of the digital currency has faced challenges globally. ...Less

The creation of the FBI's "virtual asset exploitation" unit comes after the Justice Department's largest- ...More

The creation of the FBI's "virtual asset exploitation" unit comes after the Justice Department's largest-ever financial seizure earlier this month. ...Less

Roughly 100 countries are now looking at CBDCs, the IMF estimates, and it published a study on Wednesday ...More

Roughly 100 countries are now looking at CBDCs, the IMF estimates, and it published a study on Wednesday looking at six nations including China, Sweden and the Bahamas where digital money is already up and running or at an advanced stage. ...Less

"On crypto, I have said that we are in the process of consultation. Whatever decision the government is g ...More

"On crypto, I have said that we are in the process of consultation. Whatever decision the government is going to take, will be after the consultation," she said. ...Less

The RBI said that it has been exploring the pros and cons of the introduction of CBDC in India and the ap ...More

The RBI said that it has been exploring the pros and cons of the introduction of CBDC in India and the appropriate design elements of CBDCs that could be implemented with little, or no disruption are under examination. ...Less

There are some risks, primarily cyber risks, associated with CBDC, although its introduction seeks to mak ...More

There are some risks, primarily cyber risks, associated with CBDC, although its introduction seeks to make business transactions easier. ET takes a look at the use cases and challenges CBDC could bring. ...Less

What’s behind the bitcoin ATM crackdown? Rising bitcoin ATM and crypto ATM fraud risks are driving strict ...More

What’s behind the bitcoin ATM crackdown? Rising bitcoin ATM and crypto ATM fraud risks are driving strict 60-day shutdown orders across the U.S., reshaping how users access digital currency. Cities like Haverhill are acting fast as scams surge, targeting vulnerable users and causing significant financial losses. With weak regulation and irreversible transactions, crypto ATM networks are becoming high-risk entry points for fraud. Authorities are prioritizing consumer protection over convenience, pushing urgent bans and tighter rules. This crackdown signals a turning point for bitcoin ATM adoption, forcing the industry toward stronger security, transparency, and trust. ...Less

For more such web stories click on the ET icon below ...More

For more such web stories click on the ET icon below ...Less

Sitharaman said the distributed ledger technology is a beautiful technology which will help in democratis ...More

Sitharaman said the distributed ledger technology is a beautiful technology which will help in democratisation but flagged anonymity as an "inherent risk" which we need to guard ourselves from. ...Less

"On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital ...More

"On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be needed in the future," the Telegraph quoted Bank of England Governor Andrew Bailey and finance minister Jeremy Hunt as saying in the joint report. ...Less

Technology is enabling monetary authorities to give ordinary people access to a kind of electronic cash t ...More

Technology is enabling monetary authorities to give ordinary people access to a kind of electronic cash they have never had before. ...Less

The Survey said the introduction of Central Bank Digital Currency (CBDC) will provide a boost to digital ...More

The Survey said the introduction of Central Bank Digital Currency (CBDC) will provide a boost to digital financial services by laying the framework for “another generation of financial innovation”. ...Less

The digital currency project will seek to identify innovative use cases and business models that could be ...More

The digital currency project will seek to identify innovative use cases and business models that could be supported by the issuance of a CBDC. ...Less

Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Cu ...More

Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year. She had also announced the government will levy 30 per cent tax on gains made from any other private digital assets from April 1. ...Less

Sitharaman, in her Budget speech on February 1, had announced that Digital Rupee or Central Bank Digital ...More

Sitharaman, in her Budget speech on February 1, had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year. She had also announced the government will levy 30 per cent tax on gains made from any other private digital assets from April 1. ...Less

On the very first day of the winter session of the Parliament, the government received questions regardin ...More

On the very first day of the winter session of the Parliament, the government received questions regarding the looming ban of cryptocurrency and the RBI’s plans to introduce an official digital currency. ...Less

The eNaira, which took several years to develop, will “make financial transactions easier and seamless fo ...More

The eNaira, which took several years to develop, will “make financial transactions easier and seamless for every strata of the society,” the Central Bank of Nigeria said in emailed statement on Saturday. The digital currency will complement the physical naira. ...Less

The government is collaborating with banks to implement a system for routing and settling interest subsid ...More

The government is collaborating with banks to implement a system for routing and settling interest subsidies on education loans through digital currency wallets. This initiative aims to integrate with the Unified Portal for Education Loan, enhance the efficiency of subsidy claims, and reduce fraud by using Central Bank Digital Currency (CBDC). ...Less

A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype y ...More

A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype yuan with 200 million users, India is gearing up for a pilot and some 130 countries representing 98% of the global economy are exploring digital cash. ...Less

The move will make the Boston-based asset manager one of a handful of large financial services firms to h ...More

The move will make the Boston-based asset manager one of a handful of large financial services firms to have integrated digital currencies into its website. ...Less

New Delhi, Jul 20 (PTI) The Reserve Bank of India is in the process of implementing the Central Bank Digi ...More

New Delhi, Jul 20 (PTI) The Reserve Bank of India is in the process of implementing the Central Bank Digital Currency (CBDC) in a phased manner for the wholesale and retail segments, an official said on Wednesday. ...Less

Nirmala Sitharaman, in her statement while moving the amendments, has clarified the tax on private digita ...More

Nirmala Sitharaman, in her statement while moving the amendments, has clarified the tax on private digital assets does not indicate GoI's stance on their legitimacy. ...Less

On Tuesday, Finance Minister Nirmala Sitharaman, while presenting the Union Budget, mooted launch of a di ...More

On Tuesday, Finance Minister Nirmala Sitharaman, while presenting the Union Budget, mooted launch of a digital Rupee by RBI during 2022-23, “using blockchain and other technologies.” ...Less

The multiple central bank digital currency bridge project (mBridge), joined by the monetary authorities i ...More

The multiple central bank digital currency bridge project (mBridge), joined by the monetary authorities in Hong Kong, Thailand, China and the United Arab Emirates, has achieved a prototype that reduces the time of international transfers to seconds from days when using the traditional correspondent banking, according to a BIS report Tuesday. ...Less

Data from Google Ads Transparency Centre shows that parties are shelling out nearly Rs 117 crore on the s ...More

Data from Google Ads Transparency Centre shows that parties are shelling out nearly Rs 117 crore on the search giant alone. This is against the Rs 10 crore spent on political ads in the runup to the 2019 general elections. ...Less

Some degree of anonymity can, perhaps, be built into the blockchain-based model that identifies accounts. ...More

Some degree of anonymity can, perhaps, be built into the blockchain-based model that identifies accounts. A CBDC could prevent private payment system providers from monopolising transaction data, via the self-reinforcing loop of data, network externalities and activities, attracting ever more users. ...Less

Indian payment firms GooglePay, PhonePe, AmazonPay, and Indian fintech firm Cred are among five companies ...More

Indian payment firms GooglePay, PhonePe, AmazonPay, and Indian fintech firm Cred are among five companies reportedly seeking to join the Reserve Bank of India's digital currency pilot. The e-rupee, a digital alternative to physical currency, was initially allowed only by banks but has since declined to around 100,000-200,000 a day. ...Less

India will host the summit, which will be held later this year. If the recommendation is accepted, a prop ...More

India will host the summit, which will be held later this year. If the recommendation is accepted, a proposal to link the digital currencies of BRICS members would be put forward for the first time. The RBI's proposal builds on a 2025 declaration at a BRICS summit in Rio de Janeiro, which pushed for interoperability between members' payment systems to make cross-border transactions more efficient. ...Less

India's central bank has proposed linking BRICS nations' digital currencies to facilitate cross-border tr ...More

India's central bank has proposed linking BRICS nations' digital currencies to facilitate cross-border trade and tourism payments, potentially reducing reliance on the U.S. dollar. This initiative, to be discussed at the 2026 BRICS summit, builds on previous calls for payment system interoperability among member states. ...Less

“We are evaluating the issue of scope, technology, distribution and validation mechanism etc.” Sankar sai ...More

“We are evaluating the issue of scope, technology, distribution and validation mechanism etc.” Sankar said. Earlier in July, Sankar had said that RBI is working toward a “phased implementation strategy” of CBDC in India where a pilot to test a general-purpose digital currency is a possibility in the near future. ...Less

Finance Minister Nirmala Sitharaman stated that the government and the Reserve Bank are actively involved ...More

Finance Minister Nirmala Sitharaman stated that the government and the Reserve Bank are actively involved in enhancing the central bank digital currency (CBDC) for cross-border payments. The RBI initiated a pilot project for wholesale CBDC with nine banks, and a retail version of CBDC or e-rupee was launched on December 1, 2022. ...Less