Stay updated with breaking news from Cbdc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.