reserve bank
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.
Reserve Bank of Australia Meeting Finds No Strong Case for CBDC or e-AUD
The Reserve Bank of Australia has found no strong public policy-case to issue a retail central bank digital currency (CBDC).
The Reserve Bank of Australia Refuses to Join the CBDC Bandwagon
The Reserve Bank of Australia (RBA) has refused to join the bandwagon with respect to the development and issuance of a Central Bank Digital Currency (CBDC).
South African Reserve Bank to Strictly Regulate Cryptocurrency in 2020
The South African Reserve Bank (SARB) is planning on introducing new regulations on cryptocurrency, which according to Kuben Naidoo, SARB deputy governor, will be fully implemented and enforced in the first quarter of 2020 and it brings to an end a deliberation that started since 2014.
Federal Reserve Bank Sees Nationwide Outage Days After Treasury Sec Says Bitcoin is "Extremely Inefficient"
The Federal Reserve Bank suffered a massive outage on its system, lending credence to the superiority of Bitcoin as a decentralized network.
Reserve Bank of India Says Banks Are Authorized to Provide Accounts to Cryptocurrency Traders
The Reserve Bank of India recently responded to an information query, saying that Indian banks are not prohibited from dealing with crypto businesses.
Reserve Bank of Australia May Still Have Its Eye on CBDC After All
Reserve Bank of Australia's Tony Richards has said that the RBA will continue to consider the potentials of issuing a CBDC.
Reserve Bank of Australia Will Explore Wholesale CBDC with ConsenSys Ethereum POC
The Reserve Bank of Australia has partnered with leading Australian banks and ConsenSys Software to explore wholesale CBDCs and distributed ledger technology (DLT).
Reserve Bank Of New Zealand Wants to Preserve Cash, Monitors CBDC Developments
The Reserve Bank of New Zealand—Te Pūtea Matua—is seeking to preserve the benefits of cash but is paying close attention to the future of money and CBDC development.
Indian Government Affirms to Regulate Digital Currencies instead of Banning
Affirming the prior speculations on the concerted efforts of the Indian parliament and government to regulate the developing world of cryptocurrencies.
India Considers New Law to End Crypto Trading Despite Numerous Overturns by the Supreme Court
The Indian government is planning to bring in a new law to ban cryptocurrency trading, following the prohibition of banks and financial services to provide services related to crypto.
India’s Government Plans to Bring Back Law to Ban Cryptocurrencies
A report revealed that the Finance Ministry is now inviting other ministries to have a discussion of its earlier draft on the crypto ban introduced a year ago.
India Consults Stakeholders Related to Cryptocurrency Ban
The Indian government is exploring an alternative approach to handling digital currencies, rather than a blanket ban.
India Cryptocurrency Ban Resurfaces, Traders and Miners to be Targeted This Time
India is out again to ban cryptocurrencies with a target on traders and miners.
Indian Crypto Exchanges Seek Clarity on Legal Status and Taxability from the Reserve Bank of India
Crypto exchanges and companies in India are still seeking regulatory clarity and tax status from the Reserve Bank of India following a Supreme Court ruling in favor of the crypto industry earlier this year. India’s Supreme Court reversed the ban placed by the central bank on financial institutions offering crypto-related banking services. It is two months after lifting the ban, crypto exchanges and firms are now seeking clarification regarding the nature of their operations.
India's Largest Crypto Exchange CoinDCX Raises $2.5 Million in New Growth Capital to Increase User Base
CoinDCX, India’s largest crypto exchange, has announced that it has raised $2.5 million from investors like Polychain Capital and Coinbase Ventures. Polychain Capital led the funding round with support from Coinbase Ventures, the investment arm of the US cryptocurrency exchange Coinbase. CoinDCX had raised a $3 million Series A round earlier in March, which was also led by Polychain Capital and included HDT Group (operator of BitMEX) and Bain Capital Ventures. The company’s other main investor, Coinbase Ventures, has also made investments in other crypto businesses like BlockFi, Messari, Compound, Securitize, and Etherscan.
The Adoption of Bitcoin May See Considerable Increase if the Proposed Cash Ban in Australia Activates
Under the new bill being considered by the Australian Parliament, people could be jailed for two years and pay a fine of $ 25,200 for just using more than $10,000. If this bill is passed, it will force its citizens to look away from traditional fiat currencies and go for decentralized digital currencies such as Bitcoin.
Mastercard Unveils Interoperable CBDC in Australia
Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.
India UPI expanding services to Singapore
The eight-bank digital rupee pilot programme has processed 770,000 transactions.
Reliance Retail accept digital rupee at one store
Reliance Retail has pledged to assist India's CBDC throughout its companies.
National Australia Bank to Launch Ethereum-Based Stablecoin
NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading.
SARB governor: CBDCs must tackle a "serious challenge" at WEF 2023.
Lesetja Kganyago spoke at WEF 2023 in Davos, Switzerland. The SARB governor suggested a national discussion before establishing CBDCs. Crypto barely fits two of three currency standards, he said.
Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy
Bitcoin is too unpredictable to be "effective money," according to legendary investor Ray Dalio.
Bitcoin and Libra’s Ultimate Underlying Value to be Determined by Central Banks, says Ex-RBI Governor
Former Indian central bank governor said that Bitcoin and Libra could play a role in a world where central banks are issuing their own digital currencies.
The RBI will pilot retail CBDC in December
The RBI is planning to test the "digital rupee" in retail. Within a month, the pilot will debut. Digital rupees will augment the present payment system, not replace it. Each bank testing CBDC will utilize 10,000 to 50,000 people.
Federal Reserve Chair Powell Affirms There Is Ongoing Research for a Digital Dollar
The Federal Reserve Bank is involved in a large-scale research and development regarding digital dollar, says Chairman Jerome Powell.
US Fed Aims To Publish Discussion Paper on CBDC This Summer
The US Federal Reserve will issue a discussion paper about CBDC this summer.
Bank for International Settlements Reveals Findings on Central Bank Digital Currencies
The Bank for International Settlements released its analysis report in which it evaluated central bank digital currencies globally.
India’s Finance Minister Says Crypto Ban May not Happen and Government May Experiment with New Technologies
India’s Finance Minister, Nirmala Sitharaman, has revealed that the government is not intending to completely ban cryptocurrencies.
Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement
Ripple Labs is facing a lawsuit by New Payments Platform Australia (NPPA) for allegedly violating intellectual property rights for the branding of ‘PayID’.
Federal Reserve Bank of Boston Partners with MIT to Research How Crypto Can Co-exist with the Dollar
The Federal Reserve Bank of Boston has partnered with the Massachusetts Institute of Technology (MIT) to research the feasibility of cryptocurrencies co-existing with fiat currencies
Fed Reserve Chair Says Central Bank Needs to Issue Digital Currency Right not First
Jerome Powell, the Federal Reserve chairman, discussed digital currencies and cross-border payments on an IMF panel, revealing the United States' approach to CBDC.
US Federal Reserve Weighs the Pros and Cons of a Digital Dollar CBDC
The US Federal Reserve has continued to research the benefits and impact of implementing a central bank digital currency (CBDC).