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India tests offline functionality of digital rupee

India tests offline functionality of digital rupee

The Reserve Bank of India is testing the offline functionality of its recently launched digital rupee, which has completed 800,000 transactions worth $134 million since its wholesale segment pilot launched on Nov. 1, 2022.

India to Test Viability of Digital Rupee to Cut Fees When Trading Securities

India to Test Viability of Digital Rupee to Cut Fees When Trading Securities

The Reserve Bank of India is starting a whole pilot for its Digital Rupee project

RBI Releases Publication of CBDC to be Issued in India

RBI Releases Publication of CBDC to be Issued in India

The FinTech department of the Reserved Bank of India (RBI) recently released concept notes on the issuance of its Central Bank Digital Currency (CBDC) in India.

Indian Finance Minister Sees "Clear Advantages" in CBDC

Indian Finance Minister Sees "Clear Advantages" in CBDC

India’s Finance Minister, Nirmala Sitharaman, has hailed the Central Bank Digital Currency (CBDC) being developed by the Reserve Bank of India (RBI).

The Reserve Bank of India Has its Eyes on CBDC

The Reserve Bank of India Has its Eyes on CBDC

The Governor of the Reserve Bank of India says the monetary authority is “very much in the game” to launch a CBDC.

Digital Assets Market Update 12 August 2019

Digital Assets Market Update 12 August 2019

Latest news and updates from the digital assets market

Galaxy Digital CEO Mike Novogratz Says Launch of Digital Euro Will Drive Bitcoin Adoption

Galaxy Digital CEO Mike Novogratz Says Launch of Digital Euro Will Drive Bitcoin Adoption

Galaxy Digital CEO Mike Novogratz argues that central banks like the ECB launching their own digital currency could drive Bitcoin adoption further.

Central Banks Race to Adopt Fiat-Backed Cryptocurrencies

Central Banks Race to Adopt Fiat-Backed Cryptocurrencies

Cryptocurrency innovations are scrambling to get adoption across the world. However, there is also another race. Many nations are competing to become the first to adopt a central bank cryptocurrency. Let’s understand why central banks are scrambling to acquire fiat-backed cryptocurrencies.

World's First National Digital Currency to Be Built on Algorand

World's First National Digital Currency to Be Built on Algorand

World’s First National Digital Currency to Be Built on Algorand

Chinese President Xi Jinping: Participate in Making Digital Currency and Digital Tax's International Rule Actively

Chinese President Xi Jinping: Participate in Making Digital Currency and Digital Tax's International Rule Actively

Xi Jinping will publish an article entitled "Several Major Issues in the National Medium and Long-term Economic and Social Development Strategy“ on November 1 on Qiushi Journal. In the article, he mentions the digital economy and digital currency

India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?

India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?

India has been taking multiple stances when it comes to blockchain and cryptocurrencies, as cryptocurrency has not been deemed legal, but not it is not considered illegal either. The National Payments Corporation of India (NPCI) recently designed and adopted a blockchain-based system for automating payment clearing and settlement processes.

Bank of Japan Testing Digital Yen CBDC

Bank of Japan Testing Digital Yen CBDC

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility.

Blockchain Technology Implemented into Indonesia's Digital Economy

Blockchain Technology Implemented into Indonesia's Digital Economy

Bank Central Asia (BCA) is campaigning for Indonesian financial businesses to innovate and adopt blockchain technology to support its digital economy amidst rapid technological revolution.

Mauritius Jumps on Digital Currency Bandwagon

Mauritius Jumps on Digital Currency Bandwagon

The issuance of Central Bank Digital Currency (CBDC) has been making airwaves with nations, such as China, leading the hype. The Bank of Mauritius, the central bank of the Republic of Mauritius, seeks to join this bandwagon based on an announcement that it wants to introduce a digital currency.

Over 30 Japanese Firms to Conduct Digital Yen Pilot Test

Over 30 Japanese Firms to Conduct Digital Yen Pilot Test

Major Japanese companies from various sectors will collaborate to engage in a pilot test to issue a private digital currency or Digital Yen.

ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro

ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro

President of the ECB Christine Lagarde broached the topic of CBDC issuance and why the bank was seriously considering the creation of a digital euro.

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