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Central bank digital currency News

11 Sep 2023

RBI, Banks Plan New Features To Boost Digital Currency, e-rupee, Soon

Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end. The features include allowing digital rupee transactions when a customer is offline and linking the e-rupee to India's popular Unified Payments Interface (UPI), three of the people quoted above said.

Digital currency

08 Sep 2023

List Of Banks That Allow Digital Rupee Interoperable With UPI

The e₹-R would be in the form of a digital token that represents legal tender, distributed through intermediaries, i.e., banks. It would be issued in the same denominations that paper currency and coins are currently issued.

Reserve Bank of India

06 Sep 2023

RBI To Highlight Digital Payments Infrastructure At G20 Summit

According to RBI sources, the RBI exhibition pavilion at the G20 summit will put up five major items for display, including the Public Tech Platform (PTP) for frictionless credit.

14 Jan 2023

Cryptocurrencies are equivalent to gambling: RBI Governor

Crypto currencies are equivalent to gambling: RBI Governor. Those supporting it call it an asset or a financial product, but there is no underlying value in it, he added. To counter the growth of cryptocurrencies, the central bank recently launched in pilot mode, its own e-rupee or central bank digital currency (CBDC).

01 Dec 2022

DNA: Digital currency or magic wand!

Now you do not need any bank account to keep or give money and this magic happened because of digital currency. It means, from today, the use of digital currency has started for all the common people.

RBI digital e-rupee

01 Dec 2022

India's digital rupee fails to excite interest, bankers say

The RBI has devised the e-rupee basically as a digital alternative to cash - one using blockchain distributed-ledger technology. The e-rupee, one of several central bank digital currencies (CBDCs) being tried around the world, had a drawback. Another issue is that, since e-rupee transactions do not wholly replace those using established procedures.

Digital currency

01 Dec 2022

Digital Rupee launched in India -- Here's understanding e₹-R in 10 Key points

Eight banks have been identified for phase-wise participation in RBI Retail Digital Rupee pilot. The first phase will begin with four banks, viz., State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. Four more banks, viz., Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank will join this pilot subsequently.

Digital currency

01 Dec 2022

Digital rupee launc today: Full list of cities, banks offering e₹-R service

Users will be able to transact with e₹-R through a digital wallet offered by the participating banks and stored on mobile phones / devices. Transactions can be both Person to Person (P2P) and Person to Merchant (P2M).

Digital currency

30 Nov 2022

What is retail digital rupee (e ₹-R) that RBI will launch on Dec 1 for pilot?

The e ₹-R is a virtual token that can be used as a legal tender, according to the RBI. It would be distributed through intermediaries, i.e., banks. It will make the inter-bank market more efficient.

Digital currency

30 Nov 2022

Digital rupee launching tomorrow: List of banks offering e-rupee transaction

The e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed through intermediaries, i.e., banks.

Digital currency

07 Nov 2022

Ready to deal in digital rupee? Find out what exactly it is

The RBI defines the CBDC as the legal tender issued by a central bank in a digital form. It is the same as a sovereign currency and is exchangeable one-to-one at par with the fiat currency.

Digital currency

02 Nov 2022

What is Digital Rupee how different it is from other cryptocurrency

RBI has said that the first pilot in Digital Rupee - Retail segment (e₹-R) is planned for launch within a month in select locations in closed user groups comprising customers and merchants.

01 Nov 2022

DNA: How Indian economy will benefit from digital currency?

Now you will be able to do transaction in a currency which you can neither touch nor it will get spoiled and you will be able to keep it for many years. Today, digital currency has been started as a pilot project in the country. In DNA we will tell you how digital currency is going to change the economy of the country.

01 Nov 2022

Desh Superfast: RBI to launch digital rupee pilot from November 1

In this section, you will find the top news stories of the day. Segment Desh Superfast' is a part of Zee News' important news bulletins in which we cover all the important news.

25 Jun 2022

‘Bitcoin heading to ZERO!’ China's BIG warning to investors

Bitcoin hit a record high of $68,000 in November last year. The Chinese government banned Bitcoin mining in July last year.

Reserve Bank of India

27 May 2022

Looking at 'pros and cons' of introduction of digital currency: RBI

Finance minister Nirmala Sitharaman while presenting the Budget 2022-23 had announced that the central bank will launch an Indian digital currency.

10 Sep 2021

Looking to invest in Bitcoins? RBI has serious and major concerns

India's own digital currency at works. RBI studying feasibility. Pilot project for phased introduction.

Digital currency

01 Sep 2021

India's own digital currency coming soon, how different it is from Bitcoin

India's own digital currency at works. RBI studying feasibility. Pilot project for phased introduction.

Digital currency

23 Jul 2021

India's own digital currency in the offing, RBI working on phased introduction

India's own digital currency at works. RBI studying feasibility. Pilot project for phased introduction.

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