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MobiKwik, CRED Launch CBDC eRupee in Partnership with RBI and Yes Bank
MobiKwik is the first digital wallet to go live with a full-scale production version of the e-rupee wallet, the new CBDC product is available to all its Android users. Yes Bank's role as the first sponsor bank to enable CBDC issuance for a third party application provider (TPAP) like CRED exemplifies its commitment to supporting the future of digit...
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Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months.
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This Country Has Highest Living Cost In All Of Asia. Inflation Rate At 25%
This country has the highest living cost in all of Asia with a 25 per cent inflation rate and its economy may grow at the fourth lowest pace of 1.9 per cent in the region, according to a new Asian Development Bank (ADB) report.
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G20 Delhi Declaration: What Are MDBs? Why Is Consensus On Them A Big Deal?
NDTV explains: In the New Delhi G20 Declaration is a commitment by global leaders to "pursue reforms for better, bigger and more effective MDBs". What are MDBs, or multilateral development banks?
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"Climate Change To Be High On Agenda For PM Modi-Biden Meet": US Official
Climate change, economic cooperation and multilateral development bank reform will be high on the agenda when Prime Minister Narendra Modi and US President Joe Biden hold a bilateral meeting in New Delhi on the sidelines of the G20 summit.
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Rich-Poor Divide Could Wedge Apart Global Economy Fully: World Bank Chief
The new head of the World Bank said Tuesday that growing divides between rich and poor nations risked deepening poverty in the developing world, at a meeting of G20 finance ministers in India.
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RBI's Upcoming Payment System Is No-Frills, Lightweight: 5 Facts
The Reserve Bank of India (RBI) is developing a new lightweight and portable Payment and Settlement System (LPSS). The system will be independent of traditional technologies and can be operated from anywhere with a small number of staff.
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Australia Announces Pilot for eAUD CBDC, Ropes In Mastercard for Testing
Australia has decided to launch the eAUD into its pilot trial phase. The development was confirmed by the Reserve Bank of Australia (RBA) on Thursday, March 2.
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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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Shriram Finance Secures $100 Million Loan From Asian Development Bank
Shriram Finance Ltd will use the funds to finance its purchase of new and used vehicles across India.
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Musk Told Banks He Will Rein In Twitter Pay, Make Money From Tweets - Report
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets.
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"Critical" We Understand Digital Money's Impact: US Policymaker
The development of digital currency and payments technologies could change how the Federal Reserve conducts monetary policy and the composition of its balance sheet, issues the central bank will need to work to understand, New York Fed President John Williams said Wednesday.
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Brazil Launches Blockchain Network for Its Public Institutions: Here's Why
Brazil launched its new blockchain network after the Court of Accounts of Uniam (TCU) and the Brazilian Development Bank (BNDES) reached an agreement to cooperate together.
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BRICS-Led New Development Bank To Establish Regional Office In India
New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring
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Musk Told Banks He Will Rein In Twitter Pay, Make Money From Tweets - Report
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets.
-
MobiKwik, CRED Launch CBDC eRupee in Partnership with RBI and Yes Bank
MobiKwik is the first digital wallet to go live with a full-scale production version of the e-rupee wallet, the new CBDC product is available to all its Android users. Yes Bank's role as the first sponsor bank to enable CBDC issuance for a third party application provider (TPAP) like CRED exemplifies its commitment to supporting the future of digit...
-
Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months.
-
This Country Has Highest Living Cost In All Of Asia. Inflation Rate At 25%
This country has the highest living cost in all of Asia with a 25 per cent inflation rate and its economy may grow at the fourth lowest pace of 1.9 per cent in the region, according to a new Asian Development Bank (ADB) report.
-
G20 Delhi Declaration: What Are MDBs? Why Is Consensus On Them A Big Deal?
NDTV explains: In the New Delhi G20 Declaration is a commitment by global leaders to "pursue reforms for better, bigger and more effective MDBs". What are MDBs, or multilateral development banks?
-
"Climate Change To Be High On Agenda For PM Modi-Biden Meet": US Official
Climate change, economic cooperation and multilateral development bank reform will be high on the agenda when Prime Minister Narendra Modi and US President Joe Biden hold a bilateral meeting in New Delhi on the sidelines of the G20 summit.
-
Rich-Poor Divide Could Wedge Apart Global Economy Fully: World Bank Chief
The new head of the World Bank said Tuesday that growing divides between rich and poor nations risked deepening poverty in the developing world, at a meeting of G20 finance ministers in India.
-
RBI's Upcoming Payment System Is No-Frills, Lightweight: 5 Facts
The Reserve Bank of India (RBI) is developing a new lightweight and portable Payment and Settlement System (LPSS). The system will be independent of traditional technologies and can be operated from anywhere with a small number of staff.
-
Australia Announces Pilot for eAUD CBDC, Ropes In Mastercard for Testing
Australia has decided to launch the eAUD into its pilot trial phase. The development was confirmed by the Reserve Bank of Australia (RBA) on Thursday, March 2.
-
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.
-
Shriram Finance Secures $100 Million Loan From Asian Development Bank
Shriram Finance Ltd will use the funds to finance its purchase of new and used vehicles across India.
-
Musk Told Banks He Will Rein In Twitter Pay, Make Money From Tweets - Report
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets.
-
"Critical" We Understand Digital Money's Impact: US Policymaker
The development of digital currency and payments technologies could change how the Federal Reserve conducts monetary policy and the composition of its balance sheet, issues the central bank will need to work to understand, New York Fed President John Williams said Wednesday.
-
Brazil Launches Blockchain Network for Its Public Institutions: Here's Why
Brazil launched its new blockchain network after the Court of Accounts of Uniam (TCU) and the Brazilian Development Bank (BNDES) reached an agreement to cooperate together.
-
BRICS-Led New Development Bank To Establish Regional Office In India
New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring
-
Musk Told Banks He Will Rein In Twitter Pay, Make Money From Tweets - Report
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets.
