Digital Currency News
RBI seeks to collaborate with US, EU on digital rupee; likely to extend CBDC partnership with UAE
Global collaboration on CBDC will help internationalize the rupee, reduce cross-border transaction costs
3 min read22 Oct 2024Bitcoin - 15 years and counting: Key facts to know about the first cryptocurrency in the world
Some of the industry representatives MintGenie spoke to believe that bitcoin is set to play a big role in the finance industry in the near future.
4 min read22 Jan 2024Why Crypto & Digital Currencies Will Be focus Area of G20?
Why Crypto Currencies Will Be focus Area of G20? #crypto #bitcoin #mint #economy #digitalcurrency #g20summit #ftx #sbf #vc #india #rbi #federalreserve #russia #china
15 Sep 2023Central-bank digital currencies are talked about more than coming to fruition
The roll-out of central-bank digital currencies is proving slower than expected
5 min read17 Jul 2023UPI QR codes for transactions in CBDC soon: RBI
Customers in Mumbai will soon be able to use QR codes of the Unified Payment Interface (UPI) network for transactions using digital currency, according to the Reserve Bank of India’s deputy governor. The move is expected to encourage more central bank digital currency (CBDC) transactions and promote interoperability. The deputy governor also called on banks to prepare for one million transactions a day using CBDC by the end of the year. The pilot for retail transactions using CBDC has already attracted over one million users and 262,000 merchants.
1 min read12 Jul 2023Banks See Surge in Deposits as Indians Ditch ₹2,000 Notes and RBI Conducts Reverse Repos to Absorb Excess Liquidity
India’s Reserve Bank announced the withdrawal of INR 2,000 banknotes from circulation, leading to a 3.3 billion rupee ($43m) decrease in circulation for the week ending June 2. Over 80% of the notes were deposited in bank accounts, leading to excess liquidity in the banking system.
1 min read23 Jun 2023RBI plans to make CBDC QR code interoperable with UPI | Mint Primer | Mint
A Cbdc Is A Digital Form Of A Country’s Fiat Currency Issued By Its Central Bank. It May Be Fresh Currency, Or It May Replace Existing Money In The System. Cbdc May Be Used For Peer-To-Peer Payments Or For Transactions Between Consumers And Merchants. It Can Also Enable Transactions Between Commercial Banks And Clearing Houses (Wholesale Cbdc) In The Wholesale Interbank Market, Possibly Streamlining Domestic Or Cross-Border Interbank Payments.
19 Jun 2023Half of all ₹2k notes returned | Mint Primer | Mint
The Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 banknotes from circulation, providing a deadline for deposit or exchange. In this video, we delve into the reasons behind this move, the impact on liquidity, and the response from the public. Explore the decline in circulation, the reconciliation of deposited and exchanged notes, and updates on the deadline extension. Learn how RBI aims to minimize inconvenience for individuals both in India and abroad.
14 Jun 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared