News Summary: IMF’s report on CBDC advocates information-sharing among countries for successful roll-out Taking stock of projects in advanced stages, the IMF proposed ways to operationalise CBDCs and navigate their risks. MitakshFebruary 11, 2022
News Nandan Nilekani suggests India’s CBDC should have anonymity to avoid concerns of surveillance: Report Recently, PM Modi said that the digital rupee "will be completely controlled and monitored." MitakshFebruary 9, 2022
News PM Modi announces digital rupee will be interchangeable with physical cash, offering glimpse into India’s plan for CBDCs CBDCs present the government with the opportunity to counter the surging adoption of private crypto like Bitcoin. MitakshFebruary 3, 2022
News Budget 2022-23 Tech Round-Up: Crypto, 5G auctions, drones, digital universities, E-Passports, open mobility, BharatNet, and more The proposed flat tax on crypto may be the talk of the town, but there's more to the government's budget plans around tech. Sarvesh MathiFebruary 2, 2022
News RBI will issue digital rupee cryptocurrency in 2022-23, says Finance Minister Nirmala Sitharaman The CBDC is seen as the RBI's response to the rapid growth in adoption of private cryptocurrencies among Indian investors. Sarvesh MathiFebruary 1, 2022
News Visa launches pilot programme for central banks to test digital currencies: Report It gives a chance for central banks to examine the use cases for their respective digital currency, prior to full rollout. MitakshJanuary 14, 2022
News RBI says it needs to assess cybersecurity risks before rolling out CBDCs India's central bank has two types of CBDCs in the works, and the government is preparing a legal framework for them. MitakshDecember 13, 2021
News WhatsApp now allows payments using crypto for select users…well sort of The cryptocurrency wallet also said that it has embedded controls that enable 24/7 monitoring to detect and flag "suspicious" activity. Aihik SurDecember 10, 2021
News What are the benefits of Central Bank Digital Currency? Finance Ministry answers More robust, efficient, trusted, regulated and legal tender-based payments option is one among the many benefits of CBDC according to Finance Ministry. Sarvesh MathiDecember 7, 2021
News Finance Ministry plans to create legal framework for CBDCs based on RBI’s proposal In Parliament, the government revealed its position on Bitcoin as legal tender and made its case for a CBDC. MitakshNovember 30, 2021