Under the first pilot project that starts on December 1, four banks have created a wallet in their mobile banking applications where these CBDCs will be available to select customers.
FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to its critical vendors.
FTX's filing to a U.S. bankruptcy court, published late on Monday in the United States, said it was in contact with financial regulators and had appointed five new independent directors at each of its main companies, including its sibling trading firm Alameda Research.
On November 7, G-Sec trades using the digital rupee were worth Rs 530 crore, of which trades worth Rs 500 crore were held in the 10-year benchmark 7.26 percent-2032 bonds, according to data compiled from NDS-OM CBDC trades
The Digital Banking Unit model is expected to facilitate operations for both digital-familiar as well as digital-averse bank customers
October 2022 has emerged as the biggest month for hacking on record with $718 million stolen from DeFi protocols across 11 different hacks so far
In today’s edition of Moneycontrol Pro Panorama: Market's message for traders, digital currency's impact on commercial banking, IDBI Bank's privatisation plan may be mistimed and more
While there is much to laud in RBI’s concept note, there are some missed opportunities — crucially cross-border remittance, and the potential for leadership in international co-operation in this regard
The RBI's plan for a digital currency may not affect how the poor transact or digital natives, but its spread could throttle growth of black money transactions
The RBI has addressed most of the misgivings about the Central bank Digital Currency (CBDC) in its concept note, but it doesn’t make a compelling case why it’s needed
India is aiming to launch the central bank digital currency in this financial year but in a country where digital payments are thriving and are cheap, a CBDC is likely to face indifferent consumers
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Over seven per cent of India's population owns digital currency, according to the UN, which said that the use of crypto-currency rose globally at an unprecedented rate during the covid pandemic.
News Highlights: PM Modi in a 3-page letter to former Vice President MV Naidu lauded his convictions, infectious energy, efforts in encouraging first-timers in Rajya Sabha, and for substantially improving productivity of Rajya Sabha.
The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act, 1934 has been made with the passage of the Finance Bill 2022.
Coinbase Global Inc secured approval from Italian regulators.
In the June quarter, bitcoin recorded its heaviest quarterly loss in 11 years
OpenSea is facing at least four lawsuits from traders, and one of its former executives was indicted this month on charges related to insider trading involving NFTs.
"The government and RBI are looking into its several commercial use purposes and not just financial inclusion, which is largely achieved through the JAM trinity (Jan Dhan-Aadhaar-Mobile)," she said.
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.
Design considerations should help governments visualise a regulated decentralised finance ecosystem that has the CBDC as a legal tender, and risk-free instrument for everyone
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While the consequences of CBDCs on cryptocurrencies like Bitcoin and Ethereum are attracting widespread attention, it is the possible repercussions of CBDCs on the commercial banking system that could be far more disruptive