cryptonews: India 🇮🇳 - Up to 400,000 Indian consumers will test the digital Rupee 🔥
Last week, on Nov. 15, the eight billionth human being was born, according to the UN.
With a combined 2.8 billion people, China and India both hope to have a fully functioning CBDC at least partially in place by next year. China's essentially there, having been developing the digital yuan, or e-CNY, for eight years and rolling it out for at least two.is only just beginning, with the Reserve Bank of India only issuing a report describing the pros and cons of a CBDC in February 2021.
Run by the RBI on a platform hosted by the National Payments Corporation of India, the initial digital rupee test will initially be run by eight banks, with plans to expand it to all banks later in the trial run.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/INR Price News: Indian Rupee bears keep 82.00 on radar with eyes on Fed MinutesUSD/INR stays defensive around 81.75, despite the recent pick-up, as traders await Wednesday’s key data/events amid mixed concerns. Even so, hawkish h
Read more »
Thanksgiving in the Barrio event helps 400 families in need on West SideThe Immaculate Conception Catholic Church hosted the 13th annual Thanksgiving in the Barrio on the West Side. The event provided groceries for a Thanksgiving meal, complete with all the trimmings, to 400 families.
Read more »
Over 400 Groups Urge Biden to Strengthen Protections for Haitian MigrantsMore than 400 advocacy groups are asking the Biden administration to halt all deportations to Haiti, extend and redesignate Temporary Protected Status (TPS) for the crisis-ridden nation, and release all Haitians held in U.S. immigration custody.
Read more »
Here are the Books We Love: 400+ great 2022 reads recommended by NPRBooks We Love returns with 400+ new titles handpicked by NPR staff and trusted critics. Find 10 years of recommendations all in one place – that's more than 3,200 great reads.
Read more »
Indian tycoon Adani's mega port hangs in the balance as a fishing community protestsOn the main road to billionaire Gautam Adani's planned Vizhinjam mega port on the southern tip of India, a shelter built by the coastal region's Christian fishing community blocks the entrance, preventing further construction.
Read more »
Indian Garden Campground Will Be Renamed Havasupai Gardens at Grand CanyonThe Indian Garden name assigned to a popular Grand Canyon campground has been changed out of respect for a Native American tribe that was displaced by the national park.
Read more »