Tags: Reserve Bank of India

India‘s Central Bank Launches Wholesale CBDC Pilot For Inter-Bank Borrowing

India‘s Central Bank Explores New Features to Boost Digital Rupee Adoption

Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI.

RBI Governor Touts CBDC as Solution to ‘High Cost, Low Speed‘ Cross-Border Payments

Singapore, Malaysia, the UAE, France, Benelux countries, Nepal and the U.K. have adopted the NPCI’s UPI payments system to varying degrees.

Yes Bank’s app UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch since December.

India’s central bank said that there’s a potential for an AI system that would initiate transactions through a conversation.

Feature is envisaged in the project of national web browser, cherished by the Ministry of Electronics & Information Technology.

The Supreme Court bench asked the union government to file a report on whether the latter is capable of setting up a federal agency to investigate crypto-related crimes.

Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and 18 Central Banks Discuss Using Digital Rupee for Cross-Border Payments

The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto.

In our latest Cointelegraph Report, we analyze the causes leading to the decline of the U.S. dollar as the world reserve currency and its potential implications.

Today in Crypto: Xapo Integrates USDT Payment Rails, Police Reportedly Detains Trust Reserve Core Team, Reserve Bank of India Deputy Governor Recommends All Banks Adopt Blockchain & AI

In an RBI-organized conference for the directors of Indian banks, deputy governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability.

In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.

One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.

The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.

India launched two CBDC pilots last year, a wholesale CBDC and a retail CBDC.

Reliance Retail, India‘s largest retail chain, announced that it will start accepting the digital rupee from its customers.

Reliance Retail has implemented support for the digital rupee in its gourmet store line Freshpik.