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” India, UAE to explore CBDC bridge to facilitate trade, remittances without USD “ The Reserve Bank of India (RBI) and Central Bank of the United Arab Emirates (UAE) announced on March 15 that they had signed a memorandum of understanding on collaboration and innovation in financial services. The parties will particularly concentrate on central…
” The Reserve Bank of India to launch a retail CBDC pilot in December “ Having tested the wholesale usage of its central bank digital currency (CBDC), the Reserve Bank of India (RBI) is preparing to conduct the retail pilot of the “digital rupee.” The pilot should launch within a month. According to the Economic…
“# India’s top payment firm Paytm reportedly considers Bitcoin services ” Paytm, India’s leading digital payments company, has said Thursday that it would consider Bitcoin services if the country’s regulatory framework for cryptocurrencies was more definite. Speaking to Haslinda Amin and Rishaad Salamat during an interview on Bloomberg TV, Paytm’s Chief Financial Officer Madhur Deora…
“# Indian central bank clarifies regulations as local banks shun crypto ” India’s central bank has issued an official notice regarding local banks reportedly cautioning customers against using cryptocurrencies like Bitcoin (BTC). Published Monday, the notice points out that the Reserve Bank of India is aware of media reports that certain banks have cautioned their…