Page 9 - Cbdc News Today

FY23 results for Myntra, ZestMoney, Curefoods, Unacademy, Sugar Cosmetics, and Kapiva presented a mixed picture on Wednesday, with surging revenues being mostly offset by wider losses. This and more in todays ETtech Top 5.

RBI Digital Currency: Union Bank of India aims to adopt Reserve Bank of Indias digital rupee for employee benefit schemes, encouraging CBDC wallet transactions among staff members. Initially, the bank plans to credit specific allowances directly to the digital wallet, yet encounters resistance from some employees, prompting a protest from the All India Union Bank Employees Federation. They advocate for management to consult staff before enforcing this initiative.

Despite a turbulent 2023 for the digital asset industry, the corner seems to be turning and 2024 is kicking off with great momentum across multiple fronts.

In an end-of-the-year letter, Governor Shaktikanta Das also called on the Reserve Bank of Indias staff to

The Fediverse, decentalised Web3, and the rise of Indian large language models were among the big trends this year, apart from all things artifiicial intelligence—GenAI, how AI is helping synthetic biology, and merging human brain cells with AI

A CBDC could be stored on a phone app or card, and can be used for online or cashless payments without the help of a private bank

Advances in the technology will aid safety-code decryption. Central bank digital currencies may need to use quantum-safe encryption techniques.

Netflix recently released a new fictional film titled "Leave the World Behind" which dramatizes what could happen with a cyber attack against the U.S. I watched this film yesterday, since online comments about it were all over the place in trying to interpret it. I am recommending everyone to watch this film. Another corroborating source about what is about to happen, is the non-fictional work of David Webb, someone I had not heard of before this week. Webb has published a new book tha...

A bill filed in the Wisconsin House would take steps to limit the impact of central bank digital currency (CBDC), creating potentially significant roadblocks to its use in the state.

Nullification Season 2024 starts now. Following the advice and strategy of the Founders, the people and the states can take action to reject, resist and nullify federal programs in practice and effect.