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Japanese Bank Employees Vow In Blood Against Embezzlement
A bank in Japan has implemented an extraordinary policy where employees have signed a pledge in blood, promising to take their lives if found guilty of embezzling funds
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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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CBDC Not Widely Recognised in Japan Despite Ongoing Trials, R&D Efforts: Details
Kazuo Ueda, the governor of the Bank of Japan (BoJ) has backed the emergence of a national CBDC saying that it could facilitate faster payments of bigger denominations among noting other potential benefits.
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eRupee Recorded Rs. 5.7 Crore in Transactions in First Four Months of Retail Trials, Says RBI: Report
The RBI managed to see transactions worth Rs. 5.70 crore processed via the eRupee CBDC during the first four months of retail trials. The information comes just days after the RBI told the media that the eRupee CBDC is to be loaded with features supporting features for offline payments and programmability.
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More Nations Including Japan, Few From West, Interested In UPI: RBI
The Reserve Bank on Thursday said the internationalization of the unified payments interface (UPI) system is a work in progress as it works towards linking it with more and more overseas counterparts, including some in the West and Japan.
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RBI Assigns CBDC Expansion Targets to Banks, Aims for 1 Million Daily Transactions by December: Report
The RBI, in order to accelerate number of CBDC transactions, is reportedly giving targets to banks to facilitate a minimum number of transactions in the form of the eRupee. Under RBI’s directions, Indian banks will now do their bit to ensure that select users get to process eRupee transactions for daily purchases.
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Bank of Japan Initiates Discussion With 60 Firms on Pilot Programme for Digital Yen
The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various themes including the business and technological features of...
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Coinbase to Ramp Up Web3 Initiatives in the UK as Japan, Dubai Race to Become Blockchain Hubs
Coinbase will be ramping up Web3 initiatives in the UK in the coming days. A total of nine steps have been listed by Coinbase on how more Web3 initiatives could decide UK as the epicentre of their activities. These steps include having British banks collaborate with crypto projects and making blockchain a part of government activities.
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Japan Said to Step Up Efforts in Issuing Digital Yen With Creation of New Panel, Start of Pilot Programme
Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of countries exploring a central bank digital currency (CBDC). The finance ministry is said to set up a panel of experts as early as April to discuss the feasibility of issuing a di...
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World's Largest Banks Join Hands To Tackle Possible Global Banking Crisis
A special drive will be launched Monday by the Fed and the central banks of Canada, the United Kingdom, Japan, the European Union and Switzerland.
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Asian Shares Slide As SVB Contagion Worries Hit Banking Sector
On Tuesday, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5% in early trade, with financials in Australia dragging the most.
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Japanese CBDC’s Pilot to Go Live in April, New Forum to Register Consultations from Insiders
Japan will be launching its digital currency for pilot test next month in April. Private companies will be onboarded by the BoJ to be participants in the testing of the digital JPY. The focus is to analyse and justify the fundamentals of the proof-of-concept (PoC) for this CBDC, which has been under testing in Japan since April 2021.
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Japan Asks for Crypto to Be Controlled as Traditional Banks, Calls for Global Regulation of Sector
The financial regulators of Japan have urged global regulatory bodies in finalising that the crypto sector should be treated just as traditional banks are, across the globe. As per the Japanese authorities, the crypto technology in itself is not to be blamed for risking the financial stability of crypto investors. Rather, it’s the lack of rules g...
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Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up
The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.
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Sensex Falls Over 100 Points On Bank Of Japan's Hawkish Shift
Stock Market India: Equity benchmarks reversed some of the sharp losses from earlier in the session to end only a touch lower on Tuesday.
-
Japanese Bank Employees Vow In Blood Against Embezzlement
A bank in Japan has implemented an extraordinary policy where employees have signed a pledge in blood, promising to take their lives if found guilty of embezzling funds
-
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...
-
CBDC Not Widely Recognised in Japan Despite Ongoing Trials, R&D Efforts: Details
Kazuo Ueda, the governor of the Bank of Japan (BoJ) has backed the emergence of a national CBDC saying that it could facilitate faster payments of bigger denominations among noting other potential benefits.
-
eRupee Recorded Rs. 5.7 Crore in Transactions in First Four Months of Retail Trials, Says RBI: Report
The RBI managed to see transactions worth Rs. 5.70 crore processed via the eRupee CBDC during the first four months of retail trials. The information comes just days after the RBI told the media that the eRupee CBDC is to be loaded with features supporting features for offline payments and programmability.
-
More Nations Including Japan, Few From West, Interested In UPI: RBI
The Reserve Bank on Thursday said the internationalization of the unified payments interface (UPI) system is a work in progress as it works towards linking it with more and more overseas counterparts, including some in the West and Japan.
-
RBI Assigns CBDC Expansion Targets to Banks, Aims for 1 Million Daily Transactions by December: Report
The RBI, in order to accelerate number of CBDC transactions, is reportedly giving targets to banks to facilitate a minimum number of transactions in the form of the eRupee. Under RBI’s directions, Indian banks will now do their bit to ensure that select users get to process eRupee transactions for daily purchases.
-
Bank of Japan Initiates Discussion With 60 Firms on Pilot Programme for Digital Yen
The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various themes including the business and technological features of...
-
Coinbase to Ramp Up Web3 Initiatives in the UK as Japan, Dubai Race to Become Blockchain Hubs
Coinbase will be ramping up Web3 initiatives in the UK in the coming days. A total of nine steps have been listed by Coinbase on how more Web3 initiatives could decide UK as the epicentre of their activities. These steps include having British banks collaborate with crypto projects and making blockchain a part of government activities.
-
Japan Said to Step Up Efforts in Issuing Digital Yen With Creation of New Panel, Start of Pilot Programme
Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of countries exploring a central bank digital currency (CBDC). The finance ministry is said to set up a panel of experts as early as April to discuss the feasibility of issuing a di...
-
World's Largest Banks Join Hands To Tackle Possible Global Banking Crisis
A special drive will be launched Monday by the Fed and the central banks of Canada, the United Kingdom, Japan, the European Union and Switzerland.
-
Asian Shares Slide As SVB Contagion Worries Hit Banking Sector
On Tuesday, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5% in early trade, with financials in Australia dragging the most.
-
Japanese CBDC’s Pilot to Go Live in April, New Forum to Register Consultations from Insiders
Japan will be launching its digital currency for pilot test next month in April. Private companies will be onboarded by the BoJ to be participants in the testing of the digital JPY. The focus is to analyse and justify the fundamentals of the proof-of-concept (PoC) for this CBDC, which has been under testing in Japan since April 2021.
-
Japan Asks for Crypto to Be Controlled as Traditional Banks, Calls for Global Regulation of Sector
The financial regulators of Japan have urged global regulatory bodies in finalising that the crypto sector should be treated just as traditional banks are, across the globe. As per the Japanese authorities, the crypto technology in itself is not to be blamed for risking the financial stability of crypto investors. Rather, it’s the lack of rules g...
-
Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up
The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.
-
Sensex Falls Over 100 Points On Bank Of Japan's Hawkish Shift
Stock Market India: Equity benchmarks reversed some of the sharp losses from earlier in the session to end only a touch lower on Tuesday.
