Tag: central bank digital currencies
Posted in Economy
India, Russia explore digital currency payments for trade in cross-border breakthrough
India and Russia are working on a mechanism to use digital currencies for bilateral trade settlements, potentially opening a new route for faster and more…
Posted in Economy
BRICS can boost local-currency trade with deeper financial markets, stronger banking links: Experts
New Delhi: BRICS countries can strengthen trade in local currencies and facilitate cross-border investments by deepening financial markets, strengthening banking linkages and putting in place…
Posted in Economy
RBI proposes linking BRICS’ digital currencies, sources say
India’s central bank has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which…
Posted in Economy
Adoption of stablecoins could pose risk to monetary sovereignty: RBI
Mumbai: The Reserve Bank of India on Wednesday said widespread adoption of stablecoins could pose significant risks to India’s monetary sovereignty and financial stability. Stablecoins…