Page 8 - Cbdc News Today

The article questions the authenticity of the claimed Yuletide miracle of achieving one million retail Central Bank Digital Currency (CBDC) transactions in a day announced by the Reserve Bank of India (RBI). The author argues that the achievement lacks authenticity, as it was allegedly achieved through a combination of creativity and coercion, involving conscripting bank employees to promote CBDC.

A bill filed in the South Dakota Senate would expressly exclude a central bank digital currency (CBDC) from the definition of money in the state, creating potentially significant roadblocks to its use as such in South Dakota.

A bill filed in the Indiana Senate would take steps to impede the practical impact of a central bank digital currently, expanding a law that removed CBDC from the definition of money in the state.

Unified Payments Interface or UPI, developed by National Payments Corporation of India (NPCI), has been a runaway success and is already operational in some countries, including Singapore and the UAE. Its monthly volume in the country crossed the 100-billion mark many months ago. RBI is in discussion with more central banks in other countries. Dismissing the criticism that NPCI, set up by RBI and other financial institutions, has become a monopoly, Shaktikanta Das said, it is the best creation...

The federal reserve is not going to end itself. And Congress will never cut off its money printer. It’s going to take big steps by the states - and human action by the people themselves - to put the central bank where it belongs, in the dustbin of history.

A bill filed in the Utah House would expressly exclude a central bank digital currency (CBDC) from the state's definition of money, creating potentially significant roadblocks to its use as such in Utah.

Two years after its first attempt, digital payment service provider MobiKwik has filed draft papers for a truncated initial public offering to raise Rs 700 crore. This and more in todays ETtech Top 5

A bill filed in the Nebraska Legislature would take a small step toward limiting the impact of any potential future central bank digital currency (CBDC).

Banks in India are set to establish a common website to promote digital currency transactions and increase awareness of its adoption. The Reserve Bank of India has requested lenders to explore creating a platform to onboard customers and promote e-rupee. The proposed website is expected to have around 500,000 hits per month, potentially doubling by the end of the first year of operations. The website may be set up through the Indian Banks Association (IBA).

The central bank digital currency (CBDC), called the e-rupee, has been devised as a digital alternative to physical cash and has been built using distributed-ledger technology.