RBI lists risks of stablecoins for developing economies, calls for global regulation
The Reserve Bank of India listed six specific ways a stablecoin can undermine emerging markets, adding to its mounting case against crypto.
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JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks
JPMorgan applies blockchain to interbank U.S. dollar transactions in India amid growing signs of global de-dollarization.
Indian banks asked ‘to prepare for the future’ with AI and blockchain
Reserve Bank of India Deputy Governor Mahesh Kumar Jain has told Indian bank directors they should “adopt innovative technologies such as AI and blockchain."
Indian Government Receives Calls to Restore UPI Use for Crypto Exchanges: Report
A new proposal is about to the submitted to the Indian State government to restore the use of the country’s Unified Payments Interface (UPI) for crypto exchanges operating in India,…
Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues
Bangladesh and India have decided to conduct trade settlements in their own currencies, bypassing the dominance of the U.S. dollar. According to sources from the Bangladesh Bank, the decision was…
Warren Buffett Sees ‘No Option’ Other Than US Dollar as Reserve Currency, but Warns Fed Can’t ‘Just Print Money Indefinitely’
Warren Buffett, CEO of Berkshire Hathaway and one of the most renowned investors in the market, stated that he saw no viable option to become the world’s reserve currency besides…
Study Reveals Top Countries Fueling Meme Coin Interest in 2023
In 2023, meme coins have maintained their popularity, and the recent surge of PEPE demonstrates that investors remain enthusiastic about meme-centered tokens. A fresh study from Coingecko reveals that a…
Central Bank’s Gold Purchases Make ‘Record Breaking Start’ in Q1 2023; 228.4 Tonnes Added to World Reserves
Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization.…
Russia Projected to Start Purchasing Chinese Yuan for Its Foreign Reserves as Soon as May
Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state that the purchases will be…
BRICS to Promote National Currencies Before Issuing Common One
The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency…
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