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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.