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CBDC News

11 Sep 2023

RBI, Banks Plan New Features To Boost Digital Currency, e-rupee, Soon

Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end. The features include allowing digital rupee transactions when a customer is offline and linking the e-rupee to India's popular Unified Payments Interface (UPI), three of the people quoted above said.

Digital currency

08 Sep 2023

List Of Banks That Allow Digital Rupee Interoperable With UPI

The e₹-R would be in the form of a digital token that represents legal tender, distributed through intermediaries, i.e., banks. It would be issued in the same denominations that paper currency and coins are currently issued.

Reserve Bank of India

06 Sep 2023

RBI To Highlight Digital Payments Infrastructure At G20 Summit

According to RBI sources, the RBI exhibition pavilion at the G20 summit will put up five major items for display, including the Public Tech Platform (PTP) for frictionless credit.

08 Feb 2023

RBI Digital Rupee: E-Rupee to be Piloted by 5 More Banks in 9 More Cities Soon

The CBDC is expected to make the inter-bank market more efficient and settlements in e-rupee can reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk.

15 Jul 2022

IAMAI dissolves Blockchain & crypto council amid regulatory uncertainties

IAMAI announced the dissolution of BACC. The IAMAI said that it was forced to take the decision. Bitcoin and Ethereum nosedived by nearly 70%.

25 Jun 2022

‘Bitcoin heading to ZERO!’ China's BIG warning to investors

Bitcoin hit a record high of $68,000 in November last year. The Chinese government banned Bitcoin mining in July last year.

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