Why West’s crypto rules matter for East’s financial futureThe US CLARITY Act addressing legal uncertainty will shape global crypto regulation. Eastern hubs like the UAE and Singapore are moving ahe...
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
India's digital currency push targets its leaky welfare systemWhile 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 po...
India's digital currency push targets its leaky welfare systemIndia is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in...
CBDC usage soars 39-fold among retail users, plunges in wholesaleIn the wholesale segment, the outstanding amount stood at ₹8 lakh in March 2024, from ₹10.6 crore last year, and in the retail segment, the...
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...
CBDC big update: Soon use RBI’s Digital Rupee for offline transactionsSoon, offline transactions can be conducted using the RBI's Digital Rupee. The Reserve Bank of India (RBI) has stated that its Central Bank...
RBI plans to widen use of wholesale digital currencyThe Reserve Bank of India is planning to introduce wholesale a central bank digital currency (CBDC) in the call money market, an official t...
CBDC a more energy-efficient option than cryptos: RBIEstimates indicate that non-Proof of Work permissioned networks – what CBDCs are likely to be – are significantly more energy efficient tha...
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 CBDC: Digital Rupee pilot starts from November 1; SBI, HDFC, 7 other banks to participate in wholesale launchDigital Rupee pilot for wholesale segment: RBI has identified nine banks including State Bank of India, Bank of Baroda, Union Bank of India...
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...
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.