ECB Accelerates Towards Digital Euro Adoption Through Blockchain Innovation The European Central Bank (ECB) has taken a significant step forward in its journey towards the adoption of a digital euro, leveraging blockchain technology to revolutionize the region’s financial landscape. This move comes as part of the ECB’s strategic goal to enhance and unify Europe’s capital […]
India reconsiders crypto stance amid global policy shifts
India Reconsiders Crypto Stance Amid Global Policy Shifts Shifting global policies and growing domestic interest have prompted India to re-evaluate its cryptocurrency regulations. In recent years, the global stance on cryptocurrencies has been evolving rapidly, with many countries either embracing or cracking down on digital assets. This dynamic landscape has forced India to reconsider its […]
Limited appeal of retail CBDCs in global adoption
The Limited Appeal of Retail CBDCs in Global Adoption Central Bank Digital Currencies (CBDCs) have been heralded as the future of money, offering a digital alternative to traditional cash issued by central banks. However, despite the buzz surrounding CBDCs, their adoption on a global scale, particularly in the retail sector, has been slower than anticipated. […]
Reserve Bank of India Cautions on CBDC Implementation Risks
The Reserve Bank of India (RBI) is taking a cautious approach towards its central bank digital currency (CBDC), the e-rupee, highlighting the need for a thorough understanding of the potential long-term effects before wider adoption. Launched in December 2022, the e-rupee’s adoption has been modest, with only 1 million retail transactions recorded by mid-2024. This […]
Global Interest in Central Bank Digital Currencies Surges with 134 Countries Exploring the Technology
A recent report reveals a remarkable increase in the global interest surrounding central bank digital currencies (CBDCs). As of now, a staggering 134 countries are exploring this groundbreaking technology, an impressive jump from just 35 nations involved in 2020. The report, published by the Atlantic Council, indicates that over 65 countries, including major players such […]