Don’t create ‘fear psychosis’ on privacy concerns: RBI governor Shaktikanta Das

Don’t create ‘fear psychosis’ on privacy concerns: RBI governor Shaktikanta Das

Reserve Bank of India governor Shaktikanta Das, at a press conference at the RBI head office, in Mumbai, on December 7, 2022. | Photo Credit: AP Asserting that the newly-introduced Central bank digital currency (CBDC) does not leave any trail with a bank, RBI governor Shaktikanta Das on December 7 said there is no need […]

Continue Reading
Central Bank Digital Currency is going to be a major transformation in the way business is done: RBI Governor Shaktikanta Das

Central Bank Digital Currency is going to be a major transformation in the way business is done: RBI Governor Shaktikanta Das

“Will to try and launch the CBDC in a full-fledged manner in the near future,” says Reserve Bank of India Governor Shaktikanta Das “Will to try and launch the CBDC in a full-fledged manner in the near future,” says Reserve Bank of India Governor Shaktikanta Das Reserve Bank of India (RBI) Governor Shaktikanta Das said […]

Continue Reading
Explained | RBI’s concept note on introducing CBDCs

Explained | RBI’s concept note on introducing CBDCs

The RBI floated a concept note delving into the risks and benefits of introducing Central Bank Digital Currencies (CBDCs) in India as part of their phased implementation strategy The RBI floated a concept note delving into the risks and benefits of introducing Central Bank Digital Currencies (CBDCs) in India as part of their phased implementation […]

Continue Reading
European Central Bank steps in as banks dip toes in cryptocurrency and blockchain pool

European Central Bank steps in as banks dip toes in cryptocurrency and blockchain pool

The ECB said banks were also considering whether to get involved in the crypto sector The ECB said banks were also considering whether to get involved in the crypto sector The European Central Bank (ECB) said on Wednesday it would harmonise how banks offer cryptoassets to ensure they have enough capital and expertise in a […]

Continue Reading
Australian crypto ownership warrants consumer protection according to securities watchdog ASIC

Australian crypto ownership warrants consumer protection according to securities watchdog ASIC

The Australian Securities and Investments Commission (ASIC) survey of 1,053 retail investors found 44% reported holding cryptocurrency The Australian Securities and Investments Commission (ASIC) survey of 1,053 retail investors found 44% reported holding cryptocurrency Nearly half of Australian retail investors owned cryptocurrency in late 2021 and more got their information from YouTube videos than from […]

Continue Reading
Why are regulators swooping down on stablecoins?

Why are regulators swooping down on stablecoins?

As regulators train their sights on stablecoins, what should people know about this asset class As regulators train their sights on stablecoins, what should people know about this asset class The story so far: In early July, the Financial Stability Board (FSB), a body which advises major economies on international finance, promised to push for stablecoin […]

Continue Reading
China vows privacy, information protection in using digital yuan

China vows privacy, information protection in using digital yuan

Beijing is strongly encouraging adoption of the e-CNY central bank digital currency with trials and pilot schemes Beijing is strongly encouraging adoption of the e-CNY central bank digital currency with trials and pilot schemes China will fully respect privacy and protect personal information in using the digital yuan, state media quoted a senior central bank […]

Continue Reading
Privately issued but regulated digital currencies have benefits, say central bank chiefs

Privately issued but regulated digital currencies have benefits, say central bank chiefs

The benefits would hinge on how such private companies issuing digital assets are regulated The benefits would hinge on how such private companies issuing digital assets are regulated Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor said […]

Continue Reading