Union Bank of India integrates CBDC with UPI to offer interoperability
Mumbai: Public Sector Bank (PSB) Union Bank of India on Friday announced the launch of interoperability of India’s Central Bank Digital Currency with UPI under the aegis of RBI.
Reliance General Insurance to accept Central Bank Digital Currency through YES Bank
Mumbai: Reliance General Insurance has tied up with YES Bank to facilitate the collection of premiums in the digital mode using the bank’s e₹ platform, the company said in a statement.
RBI to soon commence pilot launch of digital Rupee
The Reserve Bank of India (RBI) Friday said it will soon initiate the pilot launch of the digital Rupee or e-Rupee for specific use cases.
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.