by AIP Online Bureau | Jan 26, 2023 | Eco/Invest/Demography, Indian News, Regulation, Technology
It is non-remunerative that is it does not carry any interest like any currency, noted Choudhary, adding, “E-rupee is also expected to offer features of physical cash like safety and settlement of transactions.” While referring to the launch of the pilots...
by AIP Online Bureau | Nov 1, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology
The e-rupee will be tested for retail use within a month in some locations, the Reserve Bank of India said on Monday. The launch comes as India steps up its fight against private digital currencies. Officials announced a new tax regime this year that decimated volumes...
by AIP Online Bureau | Aug 11, 2022 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology
“If cryptocurrencies become a widespread means of payment and even replace domestic currencies unofficially (a process called cryptoisation), this could jeopardise the monetary sovereignty of countries,” UN said Ukraine topped the list with 12.7 per cent, followed by...
by AIP Online Bureau | Apr 7, 2022 | Eco/Invest/Demography, Editorial, Indian News, Policy, Technology
RBI is planning to come out with a central bank backed digital currency using blockchain technology in 2022-23. As far as India is concerned, he emphasised that RBI is looking at Central Bank Digital Currency (CBDC) as just as the digital form of paper currency and no...
by AIP Online Bureau | Feb 6, 2022 | Eco/Invest/Demography, Indian News, Technology
”In the case of a digital rupee instead of holding a note you will be holding a digital currency in your phone and it would be with the central bank and from there it would be transferred to any merchant. It is fully backed by the sovereign,” the source...
