The recently released in-house central bank digital currency (CBDC) of India, also known as the e-rupi, is at present going through tests for offline operability. Ajay Kumar Choudhary, the Reserve Bank of…
Category: CBDC
Ripple Is In Talks With More Than 20 Central Banks On Central Bank Digital Currency
Brooks Entwistle (Ripple’s managing director of MENA and APAC and vice president) recently appeared in an interview and disclosed the crypto exchange’s endeavors for CBDCs. The executive highlighted the platform’s objectives set…
Chinese CBDC Is Seeing Little Usage, Says A Former Official Of PBoC
A former executive of the Chinese central bank – the People’s Bank of China (PBOC) – has voiced dissatisfaction because of the low usage of the digital yuan project in the country….
Philippine Government Warns Investors About Using Unlicensed Cryptocurrency Exchanges
Following the peak of the crypto exchange FTX’s crash, the authorities in the Philippines have cautioned crypto investors regarding the crypto exchanges which have not secured any licenses. The Securities and Exchange…
Central Bank Of Kazakhstan Is Likely To Complete Its Central Bank Digital Currency Rollout By 2025
Kazakhstan, known as the 3rd-biggest hub for Bitcoin mining across the globe after China and the United States, discovered the feasibility of introducing a digital tenge (an in-house central bank digital currency)….
Central Bank Of Spain To Start Testing Wholesale CBDCs
The Bank of Spain (BDE), Spain’s central bank, stated that it aims at introducing an experimental project to start testing the entire Central Bank Digital Currencies (CBDCs). The entity is presently pursuing…
New York And Singapore Collaborate To Issue State Cryptocurrency
The combined effort’s goal is to evaluate the potential widespread use of central bank digital currencies in international trade. Overall views To investigate CBDC NEWS, the NY Fed joined forces with MAS…
Fed Chair Jerom Powell Says DeFi Requires Proper Regulation Before Reading Retail Customers
Jerome Powell – the chairman of the U.S Federal Reserve – talked about the proliferation of Decentralized Finance and its effect on the local financial system, along with that he has requested…
Central Bank Of Norway Plans To Develop CBDC Using Ethereum
The Norwegian central bank has stepped toward endeavors related to digital currency. In this way, the bank intends to introduce the open-source code specified for the CBDC sandbox of the country. The…