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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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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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"A Lack Of Will On...": Ukraine Urges Allies For Action Against Russia
Since Moscow's invasion in February 2022, Western sanctions have led to the freezing of some 300 billion euros of Central Bank of Russia foreign exchange reserves around the world.
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Digital Ruble Bill Signed by President Vladimir Putin Allowing Russia's Central Bank to Introduce CBDC
Vladimir Putin has signed the Digital Ruble Bill into law that clears the path for the central bank to issue its digital ruble CBDC central bank digital currency. The country's president has officially named the Bank of Russia as the sole operator for the digital ruble .
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Russia Must Feel Full Price Of Its Aggression: Zelensky To World Bank, IMF
Ukrainian President Volodymyr Zelensky made an appeal to the heads of the IMF and World Bank on Wednesday and renewed his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine.
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Ukraine Unveils New Banknote For Anniversary Of Russian Invasion
Ukraine's central bank unveiled a commemorative banknote on Thursday to mark the first anniversary of Russia's invasion, with one side depicting three soldiers raising the national flag.
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G20 Finance Chief Meet In India With Debt In Focus
G20 finance and central bank chiefs meet in India next week at the first-year anniversary of Russia's invasion of Ukraine to discuss rising debt troubles among developing countries, the regulation of cryptocurrencies and the global slowdown.
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China’s e-CNY CBDC to Now be Tested in 4 Major, Densely Populated Provinces
The trial of China’s digital Yuan is expanding to the provinces of Jiangsu, Hebei, Guangdong, and Sichuan. Fan Yifei, the deputy governor of the People’s Bank of China (PBOC) has revealed recently that the e-CNY trial is now being expanded to more populated areas of the country. China's central bank has been working on its CBDC for the last two...
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Russia Open to Idea of Allowing Crypto Use for Cross-Border Payments: Report
The Russian Ministry of Finance and the Bank of Russia have endorsed the use of digital wallets to make cross-border payments, a move viewed as undermining global sanctions by providing an alternative to the Russian Ruble.
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Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund
Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.
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Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund: Report
Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.
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Oil Slumps $3/bbl On Gasoline Stockpiles, Rate Hikes And Resuming Supply
Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.
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Russian President Vladimir Putin Signs Law That Bans Crypto Use for Digital Payments
Russian President Vladimir Putin today signed a bill that prohibits using digital assets in the country, including cryptocurrency and non-fungible tokens (NFTs), to pay for goods and services.
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Rupee Settlement Will Help India Trade With Russia, Iran and Neighbours: Report
The Indian central bank's decision to let importers pay with rupees and exporters be paid in rupees is likely to make trade easier with Russia and South Asian neighbours.
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After RBI's Repo Rate Hike, Uday Kotak Had This To Say
Rising food prices and the ongoing war between Russia and Ukraine have led to a global spike in inflation
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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.
-
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...
-
"A Lack Of Will On...": Ukraine Urges Allies For Action Against Russia
Since Moscow's invasion in February 2022, Western sanctions have led to the freezing of some 300 billion euros of Central Bank of Russia foreign exchange reserves around the world.
-
Digital Ruble Bill Signed by President Vladimir Putin Allowing Russia's Central Bank to Introduce CBDC
Vladimir Putin has signed the Digital Ruble Bill into law that clears the path for the central bank to issue its digital ruble CBDC central bank digital currency. The country's president has officially named the Bank of Russia as the sole operator for the digital ruble .
-
Russia Must Feel Full Price Of Its Aggression: Zelensky To World Bank, IMF
Ukrainian President Volodymyr Zelensky made an appeal to the heads of the IMF and World Bank on Wednesday and renewed his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine.
-
Ukraine Unveils New Banknote For Anniversary Of Russian Invasion
Ukraine's central bank unveiled a commemorative banknote on Thursday to mark the first anniversary of Russia's invasion, with one side depicting three soldiers raising the national flag.
-
G20 Finance Chief Meet In India With Debt In Focus
G20 finance and central bank chiefs meet in India next week at the first-year anniversary of Russia's invasion of Ukraine to discuss rising debt troubles among developing countries, the regulation of cryptocurrencies and the global slowdown.
-
China’s e-CNY CBDC to Now be Tested in 4 Major, Densely Populated Provinces
The trial of China’s digital Yuan is expanding to the provinces of Jiangsu, Hebei, Guangdong, and Sichuan. Fan Yifei, the deputy governor of the People’s Bank of China (PBOC) has revealed recently that the e-CNY trial is now being expanded to more populated areas of the country. China's central bank has been working on its CBDC for the last two...
-
Russia Open to Idea of Allowing Crypto Use for Cross-Border Payments: Report
The Russian Ministry of Finance and the Bank of Russia have endorsed the use of digital wallets to make cross-border payments, a move viewed as undermining global sanctions by providing an alternative to the Russian Ruble.
-
Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund
Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.
-
Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund: Report
Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.
-
Oil Slumps $3/bbl On Gasoline Stockpiles, Rate Hikes And Resuming Supply
Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.
-
Russian President Vladimir Putin Signs Law That Bans Crypto Use for Digital Payments
Russian President Vladimir Putin today signed a bill that prohibits using digital assets in the country, including cryptocurrency and non-fungible tokens (NFTs), to pay for goods and services.
-
Rupee Settlement Will Help India Trade With Russia, Iran and Neighbours: Report
The Indian central bank's decision to let importers pay with rupees and exporters be paid in rupees is likely to make trade easier with Russia and South Asian neighbours.
-
After RBI's Repo Rate Hike, Uday Kotak Had This To Say
Rising food prices and the ongoing war between Russia and Ukraine have led to a global spike in inflation
