CBDC
India Gets Huge CBDC Push With Retail Giant Reliance
In a huge push for the adoption of India’s retail CBDC, retail giant Reliance Retail announced earlier today that it would start accepting the digital Rupee-Retail (e₹-R) in its stores....
China’s Changsha Claims Over 300,000 Merchants Accepted Digital Yuan
Changsha, a city in China, has seen widespread adoption of the digital yuan with over 300,000 stores and vendors now accepting payment in the country’s central bank digital currency (CBDC)....
Cardano Rides With Bulls, Will It Break Beyond $0.4 Region?
Cardano has been showing a remarkable performance lately as it continues to be in the green region throughout the week. While some believed that ADA would never rise from its...
Bitcoin Soars to $37K in Nigeria as Apex Bank Enforces Digital Cash
Recently, the prices of major cryptocurrencies in Nigeria, the most populous African country in the world, have been growing exponentially as its apex bank urges citizens to go digital. According...
Montenegro to Join Hands with Ripple to Develop CBDC
In its pursuit of a central bank digital currency (CBDC), the Baltic nation of Montenegro has enlisted the aid of Ripple, the crypto firm specializing in international money transfers. Montenegro’s...
Cross-Border CBDC Payment System Announced by Chinese Blockchain Firm
Hong Kong-based blockchain company Red Date Technology has introduced a new digital payments system that aims to connect the two sectors of stablecoins and central bank digital currencies (CBDCs). The...
Ukraine Deputy Prime Minister Wants to Receive Salary in CBDC
At the World Economic Forum, Mykhailo Fedorov, Ukraine’s deputy prime minister, told reporters that he hopes to be the first to receive payment in the country’s new central bank digital...
CBDCs are Different from Cryptocurrencies; Says IMF Executive
Indian Economist, the Executive Director of the International Monetary Fund (IMF), and the former Chief Economic Advisor to the Government of India, K V Subramanian, talked about the necessity of...
Jim Cramer: Get Out of Crypto and Scale-Out of Chinese Stocks
On Monday, Jim Cramer from CNBC said that investors have a good chance to get out of crypto and scale out of Chinese stocks as neither can be trusted. In...
Russian Federation Codifies Digital Ruble as the Official Currency
Reportedly, a group of deputies headed by Anatoly Aksakov, the Chairman of the Financial Market Committee submitted a bill on the issuance and the use of the digital ruble, the...
Crypto Influencer BitBoy Says ‘CBDC is already here, It’s $USDC’
Twitter influencer BitBoy warns the community about the circulation of $USDC, claiming that it is a central bank digital currency (CBDC). As part of Circle’s CEO Jeremy Allaire’s announcement, the...
Nigeria, Turkey, India, Have Largest Adult Population Trading Crypto
According to a recent poll by the business data firm Morning Consult in conjunction with Bloomberg and World Bank, more than half of Nigeria and Turkey’s adult populations trade cryptocurrency...
RBI Governor: The Next Financial Crisis Will Be Due to Cryptos
On Wednesday, in a media summit, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das said that the next financial crisis will be due to private cryptocurrencies. Citing...
BIS Allows Banks to Hold 2% Of Their Reserves in Cryptocurrencies
The Bank for International Settlements (BIS) has now allowed banks to now hold 2% of their reserves in cryptocurrencies as per its recently released Prudential Treatment of Crypto Asset exposure...
Nigerian Central Bank To Boost CBDC Use by Limiting Fiat Use
Nigerian central bank reduces ATM cash withdrawal limit to boost e-Naira. Withdrawal limit has been reduced from $337 to $45. Nigerian government is looking to tax cryptocurrencies. With the goal...
Perry Warjiyo Announces the Use of Indonesia’s CBDC in Metaverse
Perry Warjiyo announced that BI’s digital currency can be used in the metaverse. Last week, BI launched the design for its digital currency following the trend of many central banks’...
Indian Apex Bank Invites Eight Monetary Firms for CBDC Pilot Stage
The Reserve Bank of India has chosen eight commercial banks to participate in a trial stage for launching the central bank digital currency (CBDC) on December 1, 2022. According to...
RBI Announces First Pilot Study For ‘Retail’ Digital Rupee
RBI has announced the launch of the first pilot for the retail digital rupee on Dec 1. Eight banks have been selected to act as an intermediary for the pilot...
India To Roll Out Retail Pilot Program for Digital Rupee
Peter Schiff took to Twitter to report that the RBI will roll out a retail pilot program for the digital rupee. The Federal Reserve authorities launched a 12-week pilot program...
NYFed and MAS To Bring Cross-border Payments via Wholesale CBDCs
NY Fed and MAS’s Project Cedar x Ubin+ explore wholesale central bank digital currencies (wCBDCs). Project Cedar Phase II x Ubin+ will offer insight into the functionality of a multi-currency...
David Chaum Introduces CBDC Technology that Protects Privacy
David Chaum introduced CBDC technology to enhance privacy. CBDC may take over as the industry standard for crypto transactions. The CBDC can prevent tracking down the unlawful currency. David Chaum,...
Korean Apex Bank Completes Two Testing Stages for its CBDC
Korean central bank tested a program that facilitates cross-border payment via CBDC. It also confirmed that offline CBDC translation was possible. Previously, India released a report for establishing retail and...
Hong Kong’s Crypto Industry Draws In Mainland China Businesses
Crypto businesses in Mainland China are considering moving to Hong Kong. Hong Kong regulators are implementing measures to promote cryptocurrency use. Regulators in Hong Kong are looking to draw in...
Zimbabwe Learns Lesson From Nigeria’s eNaira for Its CBDC Plans
As per the Deputy Governor, Zimbabwe is preparing to introduce a digital currency. Matshe called eNaira’s slow adoption a learning point for Zimbabwe. Zimbabwe sent teams to visit central banks...
Reserve Bank of India Launches Digital Rupee on November 1
Pilot Central-Bank-backed Digital Rupee to be launched by Reserve Bank of India. It will be used to settle secondary market transactions in government securities. Nine banks including the State Bank...
