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Search Results for: central bank digital currency

India’s HDFC bank onboards 100,000 users for digital rupee pilot
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21 July, 2023

India’s HDFC bank onboards 100,000 users for digital rupee pilot

HDFC, India's largest private sector bank, has also onboarded 170,000 merchants as India seeks to hit a million daily transactions...
Russia passes CBDC legislation as digital ruble pilot prepares for takeoff
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20 July, 2023

Russia passes CBDC legislation as digital ruble pilot prepares for takeoff

The CBDC bill, supporting the creation of a digital ruble pilot, amended certain parts of the Russian civil code and...
G20 nations moving closer to consensus on digital currency regulations
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19 July, 2023

G20 nations moving closer to consensus on digital currency regulations

A three-day meeting held in Gandhinagar, India, saw discussions on the protection of local investors and the financial integrity of...
FSB finalizes global recommendations for regulating digital assets, stablecoins
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19 July, 2023

FSB finalizes global recommendations for regulating digital assets, stablecoins

The recommendations from the Financial Stability Board include fostering cross-border regulatory collaboration, improved disclosures of digital assets, and providing legal...
US seizes $45 million in fraud proceeds from Tether/FTX’s bank Deltec
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19 July, 2023

US seizes $45 million in fraud proceeds from Tether/FTX’s bank Deltec

It “appears” that Deltec Bank “misrepresented the purpose and use” of its MUFJ accounts, which were opened with MUFJ by...
Japan’s handling of digital asset industry sets regulatory example for other countries
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19 July, 2023

Japan’s handling of digital asset industry sets regulatory example for other countries

Despite the exit of popular digital exchanges from Japan, industry stakeholders argue that the country is setting the pace for...
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