India ReserveBankofIndia Centralbankdigitalcurrency erupee Reserve Bank of India to launch its retail CBDC pilot on December 1
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
The retail phase of the pilot will “cover select locations in a closed user group comprised of participating customers and merchants,” the central bank said. The e-rupee will be distributed in digital token form and represent legal tender. According to the RBI, “The [e-rupee] would offer features of physical cash like trust, safety and settlement finality,” and similar to cash, “it will not earn any interest and can be converted to other forms of money, like deposits with banks.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more.
Read more »
Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more.
Read more »
Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more.
Read more »
Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionRBC says the purchase price is 9.4 times HSBC Canada's adjusted 2024 earnings of $1.4 billion; the deal is expected to close by late-2023
Read more »
Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more.
Read more »
NFL Sunday takeaways: Playoff pictures are fast taking shape, and it's not even DecemberIt’s not even December, yet contenders in both conferences have begun distancing themselves from the faint\u002Dhope brigade
Read more »