(Image/Reuters) With the use of central bank digital currency (CBDC) remaining low, the Reserve Bank of India (RBI) is now exploring cash transfer schemes by state governments as a means to ...

US President Donald Trump has banned the creation and issuance of Central Bank Digital Currency (CBDC) in the United States. While campaigning for the US Presidential Elections, Trump had often ...

In 2016, the Monetary Authority of Singapore (MAS) led Project Ubin for the clearing and settlement of payments ... Singapore dollar (which is a central bank digital currency or CBDC). During SFF2023, ...

India's retail CBDC pilot has over 5 million users with as many as 16 banks participating. The nation's central bank Governor hinted at the possibility of avoiding a full-scale implementation.

The Governor has shared his plans for India’s Central Bank Digital Currency (CBDC), e-rupee. The RBI’s latest pilots for CBDC aim to increase credit access by overcoming the challenge of ...

McHenry’s (R-NC) broader legislation. Setting aside which members support broader crypto bills, stopping the Fed from issuing a CBDC should not be the partisan issue it is becoming. A CBDC gives ...

Source: mas.gov.sg On May 1, the MAS and the New York Federal Reserve published the results of a six-year-long trial program of a CBDC’s utility in cross-border payment, dubbed Project Ubin.

Wholesale CBDC is a digital currency issued by a central ... One such pilot project is Project Ubin, which was started in 2016 to explore the use of blockchain and digital ledger technology ...

The Bank of Korea is poised to conduct public testing of its CBDC in the upcoming year. Meanwhile, Canada’s Project Jasper has collaborated with Singapore’s Project Ubin, jointly exploring ...

After the monetary policy of June 8, RBI Governor Shaktikanta Das announced that the Government follows a measured approach towards Central Bank Digital Currency (CBDC). The RBI launched its first ...

If Republicans want to prevent the introduction of a central bank digital currency (CBDC) that would allow government to track and control your purchases, they’d better scrutinize the two anti ...

The report is part of the Fed and MAS's ongoing joint Project Cedar/Project Ubin research. By Nikhilesh De Updated May 19, 2023, 3:22 p.m. Published May 19, 2023, 1:41 a.m.