Digital Rupee News Today

The outstanding of CBDC in the retail segment increased to Rs 234 crore in March 2024 from Rs 5.7 crore the previous year, while in the wholesale segment it stood at Rs 8 lakh in March 2024 from Rs 10.6 crore. The use of India's Central Bank Digital Currency (CBDC) in the retail segment increased 39 times over the previous year, even as outstanding in the wholesale segment fell.

India Business News: Mumbai: RBI governor Shaktikanta Das said offline accessibility, which is in the works, will make the digital rupee an attractive choice for retail us.

Ten years into its centenary year, RBI is at its historic 90 years of existence with its professionalism and commitment towards the Indian Banking System.

Discussions underway with RBI on crypto, digital currency: FM Sitharaman : Rashtra News #Discussions #underway #RBI #crypto #digital #currency #Sitharaman Finance Minister Nirmala Sitharaman on Monday said discussions with regard to private cryptocurrencies and central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations.

The meeting happens against the backdrop of declining usage of CBDC at the wholesale level and retail level. Despite a push from some banks and the regulator and interoperability with UPI, CBDC has been losing popularity

Plans to elevate the rupee to a global free-floating currency are gaining momentum once more. The RBIs Report on Currency and Finance 2020-21 initiated this push, envisioning the rupees ascent as an international currency. The timing of the move looks quite apt from a macroeconomic perspective.

Budget digitisation initiatives could lead to $10.7 billion spend on technology services : Rashtra News #Budget #digitisation #initiatives #lead #billion #spend #technology #services The budget’s proposals on digitization and technology revamp could result in a multi-billion-dollar opportunity for India’s big IT services providers such as Tata Consultancy Services (TCS), Infosys, Wipro and Tech Mahindra, according

India Creating Digital Rupee, 30% Tax on Virtual Assets : Rashtra News #India #Creating #Digital #Rupee #Tax #Virtual #Assets India will soon develop its own digital currency, a digital rupee that will finally legalize virtual currencies. In her 4th Union Budget Speech, India’s Finance Minister Nirmala Sitharaman said India’s virtual currency will be based on

Crunchfish Digital Cash (“Crunchfish”) has received a positive International Search Report in the international patenting process for its strategically important Trusted Application Protocol (TAP) patent application. Crunchfish’s communication security protocol for mobile applications is based on TAP as it provides end-to-end integrity if internet access is available and enables communication over alternative networks if internet is not available.

Traditionally, Indian exchanges followed a T+2 settlement cycle, which was shortened to T+1 in January 2023. It started in a phased manner from January 2022.