Shaktikanta Das said the launch of the Central Bank Digital Currency (CBDC) is a landmark moment in the history of currency in the country and will lead to a major transformation of the way business is done.
The Reserve Bank of India (RBI) on Monday announced operationalisation of Digital Currency- Wholesale (e₹-W) Pilot. As per official sources, the Central Bank will commence pilot launches of Digital Rupee (e₹) for the wholesale segment (e₹-W) on November 1, 2022.
The Reserve Bank of India (RBI) is looking at a phased implementation strategy to unveil the central bank digital currency (CBDC).
Elon Musk-run Tesla comes second with about 43,000 coins. Galaxy Digital Holdings completes the top three with its ownership of 16,400 BTC.
The global cryptocurrency market cap reached the $1.25 trillion mark, down 13 per cent in the last 24 hours. Bitcoin accounts for about a third of the cryptocurrency market.
Replying to questions after addressing the RBI's Central Board of Directors here on Monday, Sitharaman said the central bank and the government are on board regarding digital currencies.
According to Aniket Jindal, Co-founder of developer platform Biconomy, Such a Blockchain-based digital rupee has the potential for being a big step in onboarding hundreds of millions of Indians into the Blockchain economy.
The Reserve Bank of India (RBI) has already been deliberating upon various aspects relating to the central bank digital currency and private crypto currencies.
Mumbai: With the government planning to introduce an official digital currency, industry body Internet and Mobile Association of India (IAMAI) on Monday said that the move need not necessarily lead to a “ban” on other crypto assets. Fiat digital currency serves a totally different purpose than the other crypto currencies in India and both of […]