Page 42 - Cbdc News Today

Cornell University senior professor of international policy Eswar Prasad has suggested that Bitcoin’s existence might not last long citing its lack of efficiency, and inability to facilitate exchange as a mode of payment.

The RBI has been examining use cases and working out a phased implementation strategy for the introduction of a Central Bank Digital Currency with little or no disruption.

KUALA LUMPUR: Bank Negara Malaysia (BNM) has no immediate plan to issue Central Bank Digital Currency (CBDC), Deputy Finance Minister II Yamani Hafez Musa said.

ZURICH—Europe's first cross-border trial of central bank digital currency payments has been described as a success by the central banks of Switzerland and France, though they said it would not immediately lead to the issuance of CBDCs.

Cryptocurrencies may be recognised only as an asset and not as legal tender, reports say.

Bitcoin’s recognition in India does not seem to have any headway. Finance Minister Nirmala Sitharaman recently told Lok Sabha that there is currently no proposal to recognise Bitcoin in the country.

Private demand for a CBDC must also be studied in due depth for a useful understanding of its economic policy implications

The government on Monday said that it has received a proposal from the Reserve Bank of India (RBI) to include digital currency under the definition of a 'bank note'.

RBI’s opposition to virtual currencies appears at the other end of Sebi’s stance, as reflected in the Indian securities market regulator’s recent approval of a blockchain index fund.

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