CBDCs: India’s digital rupee falls flat as low volumes blight trial run
Initial reports suggest the e-rupee has failed to catch on among retail users. Worse still, bankers blasted it as an inefficient administrative burden.
Get the latest CBDC news, central bank digital currency policy updates, pilot programs, privacy debates, and global monetary developments.
Uptake of the eNaira Central Bank Digital Currency has been woefully low, leading to congratulations from dissenters.
The Innovation Hub of the Bank for International Settlements (BIS) launched its latest project to explore the use of automated market makers to facilitate foreign exchange markets and CBDC payments.
Kazakhstan inked a deal with Binance to launch its Digital Tenge on the BNB Chain.
Hong Kong Monetary Authority published a report to announce its CBDC project, mBridge's key accomplishments, use cases, and areas of improvement.
In the budget papers released on Oct. 25, the Australian government clarified that all cryptocurrency investors will be subject to a crypto gains tax on profits they made through selling or trading through a centralized exchange.
Rishi Sunak said embracing cryptocurrency and blockchain can improve lives. Yet his promotion of CBDCs has cast doubt on where his allegiances lie.