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A person aware of the development told ET that according to current classifications, banks' holdings of the CBDC could be eligible for other mandatory reserve requirements but not the CRR.
Malaysia approves digital asset exchange license, stablecoin partnership in Philippines and Singapore banks stepping up verification processes for bank account opening.
Takis Georgakopoulos, the global head of payments at JPMorgan, has emphasised that while India has a multitude of fintech companies, they should strive to enhance their operations' profitability by moving up the value chain. In an interview with Rozebud Gonsalves, he also discusses the potentially uneven path toward central bank digital currencies (CBDCs). Below are summarised excerpts from the interview.
Unlocking Financial Modernization: A Case Study of Ripple's CBDC Platform and stablecoin Adoption in Palau
Takis Georgakopoulos, the global head of payments at JPMorgan, has emphasised that while India has a multitude of fintech companies, they should strive to enhance their operations' profitability by moving up the value chain. In an interview with Rozebud Gonsalves, he also discusses the potentially uneven path toward central bank digital currencies (CBDCs). Below are summarised excerpts from the interview.