India mulls cross-border CBDC interoperability system
RBI Governor Shaktikanta Das advocates a plug-and-play system to enhance cross-border payment efficiency and CBDC interoperability. Go to Source
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RBI Governor Warns Against Rapid CBDC Launch, Advocates Gradual Approach
The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the importance of gradual central bank digital currency (CBDC) rollout and data-driven insights from pilot programs. RBI Governor Warns of Challenges in Digital … Read more
India amasses 5M central bank digital currency users
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions. Go to Source
Wyoming Aims to Launch ‘Dollar-Dependent’ Stablecoin in Q1 2025
Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and cheaper transactions for individuals and businesses in the state. Governor Mark Gordon emphasizes the importance of adopting this “dollar-dependent” stablecoin to stabilize the market and bring debt onshore. A Faster and Cheaper Way … Read more
If your country has adopted a CBDC, you might be suffering
New research indicates that in countries where central bank digital currencies have been adopted or are under consideration, well-being is low. Go to Source
RBI Report Highlights India’s Central Bank Digital Currency Development
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s … Read more
Polymarket Odds Suggest 81% Chance of RFK Jr. Exiting 2024 Race as Shanahan Hints at Trump Alliance
Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their campaign might align with former President Donald Trump. On Tuesday, the odds of Kennedy withdrawing peaked to it’s highest point yet. RFK Jr.’s Campaign Faces … Read more
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he … Read more
Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027
The small Central Asian country is currently taking public comments on its framework legislation. Go to Source
North Carolina lower chamber overturns governor’s veto of CBDC ban
The bill received strong support in the General Assembly. Now the state Senate will consider overturning the veto. Go to Source