September 28, 2022 18:02 (IST)
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S Jaishankar raises concerns about Ukraine conflict impacting global fuel price with US state secy | PM Modi attends late Japanese PM Shinzo Abe's funeral in Tokyo | J&K: Jaish militant killed in ongoing Kulgam encounter | Supreme Court live-streams hearing for first time in history with Sena battle | NIA conducts second round of raids on PFI

Internationalisation of CBDC can address transborder payment issues, says RBI Deputy Governor

RBI deputy governor T Rabi Sankar Wednesday said in New Delhi that internationalisation of CBDC was crucial to addressing the problems faced by international bodies in cross border payments, media reports said.

Sitharaman points out anonymity as an 'inherent risk' in blockchain technology

Mumbai: Finance Minister Nirmala Sitharaman on Saturday said anonymity is an "inherent risk" in blockchain technology and stressed the exercise of precaution in the future with the exponential rise in the use of this technology, media reports said.

Need for CBDC emerged due to threat posed by stablecoins: RBI Deputy Governor

Mumbai: RBI deputy governor T Rabi Sankar has said that stablecoins —cryptocurrencies pegged to stable assets such as gold or dollar are a bigger cause of worry for economies as it increases the risk of dollarisation.

RBI to take 'calibrated and nuanced' approach towards CBDC

Mumbai: The Reserve Bank of India (RBI) is all set to start testing and running pilot projects of Central Bank Digital Currency (CBDC) after legislative enablement by the Centre, RBI Deputy Governor T. Rabi Shankar said in a post monetary policy committee press conference.

RBI working on phased implementation of digital currency: Minister

New Delhi/UNI: The Reserve Bank of India (RBI) is currently working towards a phased implementation strategy for introduction of Central Bank Digital Currency (CBDC), Minister of State for Finance Pankaj Chaudhary said on Tuesday.

Budget2022: RBI will introduce digital rupee in FY22-23, says Nirmala

New Delhi: The Reserve Bank of India will introduce  digital rupee in FY22-23 using blockchain and other technologies, Union Finance Minister Nirmala Sitharaman announced in her Budget2022 speech in Parliament on Tuesday.