Reserve Bank of Zimbabwe announces digital currency ‘ZiG’ backed by gold reserves
Zimbabwe's central bank has made a significant announcement about introducing a digital currency named ZiG, which is backed by gold reserves.
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RBI asks smaller banks to develop systems for digital currency pilot programme
Reserve Bank of India (RBI) is looking to expand the central bank digital currency (CBDC), or digital rupee pilot programme by involving smaller banks and increasing transactions.
Digital lending regulations: Impact on businesses, buy now pay later products and more
The digital lending sector has been waiting for a regulatory framework and needed clarity on multiple facets. Now there is now a clear indication of the key themes of regulation for digital lending in India.
Government clarifies its willingness to launch cryptocurrency
The Reserve Bank's proposed CBDC will play an important role in speeding up transactions and lowering the cost of money.
Zimbabwe consulting with private sector to legalize cryptocurrency: Report
The Zimbabwean government has initiated talks with various businesses and will also hold discussions with citizens as part of its research before deciding upon making cryptocurrency a legal tender.
Is there any future of Cryptocurrency in India? Read here
The Ministry of Corporate Affairs (MCA) has made it a mandate for the companies to disclose crypto trading/investments or exchanges during every financial year.
RBI planning to introduce central digital currency as a pilot project: Deputy Governor
On risks arising from such digital currencies, Sankar said, "There are associated risks, no doubt, but they need to be carefully evaluated against the potential benefits. "