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Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen. Also … Read more
In an unexpected turn of events, Japanese lawmakers are set to propose a digital yen Go to Source Powered by WPeMatico
The crypto space is a test tube of experimentation which may pave the way for a digital fiat asset, MIT’s crypto research group said Go to Source Powered by WPeMatico
Calibra’s David Marcus explained at WEF what is the primary purpose of digital currencies Go to Source Powered by WPeMatico
The World Economic Forum together with major central banks and financial institutions has released a toolkit for policymakers regarding central bank digital currencies Go to Source Powered by WPeMatico
Neither fiat nor crypto, but a mixture of both: What are the stablecoins really for? Go to Source Powered by WPeMatico
The Reserve Bank of India (RBI) says it has not banned cryptocurrency usage — only the regulated avenues leading to it Go to Source Powered by WPeMatico
Hong Kong and Thailand’s central banks have piloted a Corda-based CBDC project for cross-border payments Go to Source Powered by WPeMatico
India’s supreme court spent all day on Wednesday hearing extensive arguments from both the counsel representing crypto exchanges and the central bank, the Reserve Bank of India (RBI). The counsel for the central bank confirmed again that cryptocurrency is not banned in India, but still justifies the banking restrictions on the crypto industry. Also read: … Read more
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, such … Read more