Bank of India’s Deputy Governor says to CBDC may be issued out in phases
Due to the risks associated with the decentralized systems, governments are pushing for a central bank digital currency. The bank of India is not left out, as it hopes to release its digital currency in phases. RBI deputy governor T Rabi Sankar said that the Reserve Bank of India (RBI) , India’s central bank, is […]
Crypto is not a ‘financial stability risk’-Bank of England’s Deputy Governor
Despite the wonders associated with cryptocurrencies, regulators all over the world have warned about risks involved in the investment, the BoE’s deputy governor has also sent out a warning to citizens of England. Deputy Governor Jon Cunliffe of the Bank of England commented on crypto’s market position, stating that it is not a financial stability […]
Digital Yuan to be tested among 10 Million users in China
China has expanded its digital yuan trials to 10 million users. Also, the government is nearing the end of the trial phase, and a nationwide launch might happen shortly. China is currently putting the CBDC, known as the digital yuan, to the test in a number of provinces around the country. According to the Chinese […]