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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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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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Bank of Korea's 2nd Phase of CBDC Tests Reveal Limitations in Blockchain Technology
The Bank of Korea (BOK) said Monday it has found some technical "restrictions" standing in the way of the introduction of a central bank digital currency (CBDC) as it has completed a mock test on the feasibility of the new form of digital money.
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US Charges North Korean Hacker in Sony, WannaCry Cyber-Attacks
Park Jin Hyok worked as part of a team of hackers, also known as the Lazarus Group, to try to breach multiple other US businesses, according to the complaint.
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Bitcoin Surge Stirs Up Worries About A Bubble
The digital currency revolution and Bitcoin in particular have drawn attention from the Prime Minister of South Korea to Federal Reserve nominee Jay Powell to academics, central banks, and JPMorgan Chase chairman Jamie Dimon
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Asia Stocks, Bonds Suffer Central Bank Anxiety Attack
Asian shares skidded on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting US interest rates as early as next week.
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Sensex Falls Tracking Regional Markets; Yes Bank Drags
Indian shares fell on Friday, tracking weak regional equity markets, as investors booked profits following reports of a nuclear test in North Korea and amid uncertainty over the European Central Bank's (ECB) future policy steps.
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Asia Shares Retreat, Euro Subdued on ECB Stimulus Bets
Asian shares fell and the dollar held near an eight-and-a-half-month peak on Friday, while the euro hovered around seven-month lows on expectations of additional stimulus from the European Central Bank next week.
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South Korea Economy Rebounds After MERS Outbreak
A rebound in consumer spending following the end of a national health scare over an outbreak of the MERS virus saw South Korea's economic growth accelerate to a five-year high in the third quarter.
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World to Fed: We're Prepared for US Rate Hike, So Don't Delay
Central bankers from around the world are telling their American counterparts that they are ready for a US interest rate hike and would prefer that the Federal Reserve make the move without further ado.
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Asian Central Banks Hold Nerve After China Depreciation
Some of the angst in Korea is over the how uncompetitive the won is against export competitorJapan, where the yen has been pushed down 50 per cent against the dollar since 2012 as part of the government's growth strategy.
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Shock of Ferry Sinking Slows South Korea Economy
South Korea's economic growth hit its lowest level in three quarters after a deadly ferry sinking dented consumer spending, the central bank said Thursday.
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Asian shares capped, Dow rises for eighth straight day
Investors growing wary of recent index highs and mixed signals from global equities overnight capped Asian share prices on Wednesday, while sterling remained vulnerable after weak UK data fed fears of a triple-dip recession.
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World stocks hit highest level since June 2008
World shares hit their highest level since June 2008 and the dollar touched a fresh three-and-a-half-year high against the yen on Friday, ahead of US jobs data expected to point to a continuing pick up in the world's biggest economy.
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Seoul pulls Asian shares down, solid economic data helps
Tech-heavy South Korean shares dragged down the broader Asian share index on Monday on fears of weaker earnings, but improving economic prospects in Europe and solid US profit reports underpinned sentiment.
-
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.
-
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.
-
Bank of Korea's 2nd Phase of CBDC Tests Reveal Limitations in Blockchain Technology
The Bank of Korea (BOK) said Monday it has found some technical "restrictions" standing in the way of the introduction of a central bank digital currency (CBDC) as it has completed a mock test on the feasibility of the new form of digital money.
-
US Charges North Korean Hacker in Sony, WannaCry Cyber-Attacks
Park Jin Hyok worked as part of a team of hackers, also known as the Lazarus Group, to try to breach multiple other US businesses, according to the complaint.
-
Bitcoin Surge Stirs Up Worries About A Bubble
The digital currency revolution and Bitcoin in particular have drawn attention from the Prime Minister of South Korea to Federal Reserve nominee Jay Powell to academics, central banks, and JPMorgan Chase chairman Jamie Dimon
-
Asia Stocks, Bonds Suffer Central Bank Anxiety Attack
Asian shares skidded on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting US interest rates as early as next week.
-
Sensex Falls Tracking Regional Markets; Yes Bank Drags
Indian shares fell on Friday, tracking weak regional equity markets, as investors booked profits following reports of a nuclear test in North Korea and amid uncertainty over the European Central Bank's (ECB) future policy steps.
-
Asia Shares Retreat, Euro Subdued on ECB Stimulus Bets
Asian shares fell and the dollar held near an eight-and-a-half-month peak on Friday, while the euro hovered around seven-month lows on expectations of additional stimulus from the European Central Bank next week.
-
South Korea Economy Rebounds After MERS Outbreak
A rebound in consumer spending following the end of a national health scare over an outbreak of the MERS virus saw South Korea's economic growth accelerate to a five-year high in the third quarter.
-
World to Fed: We're Prepared for US Rate Hike, So Don't Delay
Central bankers from around the world are telling their American counterparts that they are ready for a US interest rate hike and would prefer that the Federal Reserve make the move without further ado.
-
Asian Central Banks Hold Nerve After China Depreciation
Some of the angst in Korea is over the how uncompetitive the won is against export competitorJapan, where the yen has been pushed down 50 per cent against the dollar since 2012 as part of the government's growth strategy.
-
Shock of Ferry Sinking Slows South Korea Economy
South Korea's economic growth hit its lowest level in three quarters after a deadly ferry sinking dented consumer spending, the central bank said Thursday.
-
Asian shares capped, Dow rises for eighth straight day
Investors growing wary of recent index highs and mixed signals from global equities overnight capped Asian share prices on Wednesday, while sterling remained vulnerable after weak UK data fed fears of a triple-dip recession.
-
World stocks hit highest level since June 2008
World shares hit their highest level since June 2008 and the dollar touched a fresh three-and-a-half-year high against the yen on Friday, ahead of US jobs data expected to point to a continuing pick up in the world's biggest economy.
-
Seoul pulls Asian shares down, solid economic data helps
Tech-heavy South Korean shares dragged down the broader Asian share index on Monday on fears of weaker earnings, but improving economic prospects in Europe and solid US profit reports underpinned sentiment.
