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UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025
The UAE is among many nations that is preparing to launch its CBDC in the future. Earlier this week, the Central Bank of the UAE said its Digital Dirham CBDC will be launched for retail use later this year. The CBUAE said that the digital dirham will be able to facilitate tokenisation and expand access to liquidity through fractionalisation.
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Statue Of Chhatrapati Shivaji Installed At 14,300 Feet Near India-China Border
The Indian Army has installed a statue of Maratha warrior Chhatrapati Shivaji on the bank of Pangong lake at an altitude of 14,300 feet, a region that is close to the Line of Actual Control (LAC) with China in the eastern Ladakh sector.
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MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
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RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
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Chinese Firm To Print Nepal Notes With Map Featuring Indian Regions
The Nepal Rastra Bank, the central bank of Nepal, has awarded to a Chinese company the contract to print new 100-rupee notes featuring the revised political map of the country.
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Neither US Nor China Can Ignore India Today: Sitharaman
India's priority is not to impose its dominance but to enhance its influence, Union Finance Minister Nirmala Sitharaman has said, asserting that no country, whether the US or China, can ignore New Delhi today.
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Satellite Pics: China's New Base Near Pangong Lake "Unlike Any Other Site"
Senior Indian military sources who have analysed satellite imagery of a new Chinese base on the North bank of the Pangong Lake say that the site ''is unlike any other site'' that lies on the Chinese side of the Line of Actual control.
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
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Maldives Police Investigate Alleged Coup Plot To Overthrow Government
Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.
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Blog | The 1962 Indo-China Battle Of Sirjap, Where A Lake Became A Sea Of War
The strategically important 'Fingers', the spurs located on the northern bank of Pangong Tso in Ladakh, have been talked about a lot. But few know about the battle of Sirjap, located north of the beautiful lake.
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Heavy Military Fortifications Near China's Now-Complete Pangong Lake Bridge
China has completed the construction of a 400-metre bridge, connecting the northern and southern banks of the Pangong Tso.
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2 Indian-Origin Men Jailed In Singapore For Scamming People In US
Two Indian-origin Singaporean men were sentenced to jail for scamming victims in the United States through at least 50 companies, two of which received money through bank accounts, including transactions from China and the UAE.
-
UK Armed Forces Data Exposed In Suspected Chinese Cyberattack: Report
A third-party payroll system has been hacked, potentially compromising the bank details of all serving armed forces personnel and some veterans.
-
Vietnam Debuts Academy of Blockchain, AI with Plans to Train a Million People in Emerging Tech
The Academy of Blockchain and AI Innovation (ABAII) was recently launched in Vietnam to educate tech students on the potential use cases of blockchain and AI in sectors like banking, data analysis, as well as digital economy and finance. Vietnam is ramping up efforts to join other Asian nations like India, Japan, China, and South Korea in exploring...
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UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025
The UAE is among many nations that is preparing to launch its CBDC in the future. Earlier this week, the Central Bank of the UAE said its Digital Dirham CBDC will be launched for retail use later this year. The CBUAE said that the digital dirham will be able to facilitate tokenisation and expand access to liquidity through fractionalisation.
-
Statue Of Chhatrapati Shivaji Installed At 14,300 Feet Near India-China Border
The Indian Army has installed a statue of Maratha warrior Chhatrapati Shivaji on the bank of Pangong lake at an altitude of 14,300 feet, a region that is close to the Line of Actual Control (LAC) with China in the eastern Ladakh sector.
-
MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
-
RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
-
Chinese Firm To Print Nepal Notes With Map Featuring Indian Regions
The Nepal Rastra Bank, the central bank of Nepal, has awarded to a Chinese company the contract to print new 100-rupee notes featuring the revised political map of the country.
-
Neither US Nor China Can Ignore India Today: Sitharaman
India's priority is not to impose its dominance but to enhance its influence, Union Finance Minister Nirmala Sitharaman has said, asserting that no country, whether the US or China, can ignore New Delhi today.
-
Satellite Pics: China's New Base Near Pangong Lake "Unlike Any Other Site"
Senior Indian military sources who have analysed satellite imagery of a new Chinese base on the North bank of the Pangong Lake say that the site ''is unlike any other site'' that lies on the Chinese side of the Line of Actual control.
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
-
Maldives Police Investigate Alleged Coup Plot To Overthrow Government
Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.
-
Blog | The 1962 Indo-China Battle Of Sirjap, Where A Lake Became A Sea Of War
The strategically important 'Fingers', the spurs located on the northern bank of Pangong Tso in Ladakh, have been talked about a lot. But few know about the battle of Sirjap, located north of the beautiful lake.
-
Heavy Military Fortifications Near China's Now-Complete Pangong Lake Bridge
China has completed the construction of a 400-metre bridge, connecting the northern and southern banks of the Pangong Tso.
-
2 Indian-Origin Men Jailed In Singapore For Scamming People In US
Two Indian-origin Singaporean men were sentenced to jail for scamming victims in the United States through at least 50 companies, two of which received money through bank accounts, including transactions from China and the UAE.
-
UK Armed Forces Data Exposed In Suspected Chinese Cyberattack: Report
A third-party payroll system has been hacked, potentially compromising the bank details of all serving armed forces personnel and some veterans.
-
Vietnam Debuts Academy of Blockchain, AI with Plans to Train a Million People in Emerging Tech
The Academy of Blockchain and AI Innovation (ABAII) was recently launched in Vietnam to educate tech students on the potential use cases of blockchain and AI in sectors like banking, data analysis, as well as digital economy and finance. Vietnam is ramping up efforts to join other Asian nations like India, Japan, China, and South Korea in exploring...
