The FSR 2022 records various statements highlighting the risks in the crypto market. 1% tax on crypto transactions reduced the volume of trading to 50% quantity. By June end, the Reserve Bank of India (RBI) released its annual financial stability report (FSR) 2022, where the RBI governor warned everyone stating
The XRP Ledger (XRPL), will be the focus of a conference titled CBDC Innovate. Non-fungible tokens and stablecoins are intended to be interoperable in the first category. Financial inclusion and interoperability for retail CBDCs are among the goals of Ripple, a San Francisco-based corporate blockchain provider. The hackathon will award
Over 67 million individuals in Mexico still do not have access to a bank account. Indira Kempis proposed a bill to accept BTC as legal tender in Mexico. Mexican senator Indira Kempis proposed a bill to accept Bitcoin (BTC) as legal tender in Mexico and claims the second-largest market that
Olga informed that the deadline had been pushed to an earlier date than originally scheduled. The deputy governor added that 12 banks are now participating in the initiative. As of the end of next year, Russia’s central bank is increasing its efforts to build a digital ruble roadmap. Deputy Chairman
Salehabadi said the pilot project would begin in one of the countries’ provinces. Only the monetary authority can issue and control the supply of crypto rial. According to the Persian calendar’s Shahrivar month, which begins on Aug 23, Iranian officials are preparing to begin a pilot program for the crypto
Eurosystem Centre will examine various cryptographic options and evaluate them. The BIS Innovation Hub’s Hong Kong Centre will engage with the UNFCCC. BIS is launching a cryptocurrency market intelligence portal as part of the Eurosystem Centre initiative. Traditional and crypto payments are being targeted by a new set of BIS
It is conceivable to prevent the digital euro from being used as an investment option. Panetta said it would take years until the majority of Europeans own the digital euro. Member of the European Central Bank‘s Executive Board Fabio Panetta cautioned that a digital euro might convert a considerable percentage
Swiss Web3 payment startup DePay announced today their official integration into omnichannel commerce platform Shopify, allowing for the very first integration of a wallet-to-wallet (P2P) payment solution for eligible Shopify merchants. DePay’s multichain Web3 payments will unlock the ability for merchants to receive any preferred tokens with blockchain-based asset conversion of incoming
Many Central Bank Digital Currency (CBDC) initiatives will be under supervision. Ripple has attempted to enter the Indian market before. Blockchain Company Ripple is planning to create an office in the Indian city of Bengaluru. Ripple advertised a new position in Bengaluru: Senior Project Manager, Central Banks in the city.
Russian central bank had initially planned to begin the digital ruble pilot. Digital ruble wallets were established using mobile applications. Moscow has been persuaded by sanctions imposed over its invasion of Ukraine to speed up the construction of the ruble’s digital counterpart, Forbes reported in Russian, citing CBR First Deputy
