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This first-of-its-kind convening of leaders from international financial institutions, central banks, businesses, technology providers, and governments aims to establish an understanding of the issues countries must consider before issuing a CBDC.
PayPal moved the HC against a December 17, 2020 order of FIU India holding it to be a "reporting entity" under the Prevention of Money Laundering Act.
Reserve Bank of India (RBI) has called for more investments in the digital payment industry to increase competition.
Prudential Bank Limited (PBL), an indigenous financial institutions, has successfully executed the first-ever transaction through the...
Holding that Paypal is liable to be viewed as a "payment system operator", the single judge had said that it is "consequently obliged to comply with reporting entity obligations as placed under the PMLA".