RBI to test CBDC by crediting a portion of allowances to its officers’ digital walletsThe Reserve Bank of India will initiate a test by crediting reimbursement allowances to the digital currency wallets of its officers. This ...
Retail users power up e-Rupee transactionsThe Central Bank Digital Currency (CBDC), or e-rupee, has seen significant growth among retail users. As of March 2024, e-rupee circulation...
RBI proposes distribution of CBDC through non banks; seeks to broaden retail access to digital currencyThe Reserve Bank of India (RBI) is expanding the usage of Central Bank Digital Currency (CBDC) by allowing distribution through Non-bank Pa...
Digital Rupee: RBI widens scope of CBDC; non-banking payment companies to facilitate transactionsDigital Rupee transaction: The Reserve Bank of India has proposed that CBDC (Central Bank Digital Currency) or, the eRupee, to be accessibl...
How to use RBI's Digital RupeeThe e-Rupee (of RBI Digital Rupee) would exist as a digital token that represents for money. It would be distributed in the same denominati...
How will RBI's CBDC Digital Rupee work, how is it different from digital money?RBI is all set to commence the pilot project of India's very own digital currency —Digital Rupee — for the wholesale segment from November ...
Digital Currency: Potential and challengesThere are some risks, primarily cyber risks, associated with CBDC, although its introduction seeks to make business transactions easier. ET...
RBI to soon launch CBDC pilot project; blockchain world high on spiritsRBI also expressed concern about the popularity of cryptocurrency in recent years. The proliferation of crypto assets can pose significant ...
Plan to introduce CBDC in India within FY23, but gradually: RBIAs announced in the Union Budget for the ongoing fiscal, the Central Bank Digital Currency (CBDC) will be introduced in India within the on...
RBI to adopt graded approach to introduce digital currencyThe 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...
Discussions on with RBI over digital currency: Nirmala SitharamanSitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by t...
Cautiously progressing to introduce CBDC; do not want to rush it: RBI GovernorIn her Budget 2022-23 speech, Finance Minister Nirmala Sitharaman had announced that the RBI will introduce a digital currency in the next ...
A quick guide for Reserve Bank of India on how to develop digital rupeeThe CBDC design is closely linked to its policy motivation. For instance, countries that are exploring a sovereign digital currency to impr...
What is digital rupee? And how will it work?CBDC is a digital or virtual currency but is not comparable to the private virtual currencies that have mushroomed over the last decade.
Fed to release paper on central bank digital currency soon, Powell saysPowell said on Wednesday that no decision has been made and that the priority is for the U.S. payments system to remain "stable and trustwo...
The need for digital currency and why should RBI have oneOver the past four and a half years, approximately Rs 24 lakh crore of net cash has been pumped into circulation and likely withdrawn throu...
Central banks wake up to digital currency, create new framework with WEFThe framework is to help central banks evaluate, design and potential deploy digital currency.