The Reserve Bank of India (RBI) is actively seeking international partnerships for its digital rupee initiative. Plans are underway to expand collaboration with the UAE and explore cooperation with the US and EU. This development underscores India’s commitment to advancing digital currency technology and its potential to reshape the global financial landscape.
The global banking network SWIFT is set to pilot live transactions involving digital currencies and tokenized assets next year, marking a significant leap in integrating these assets into mainstream finance. This move aims to streamline trading by using blockchain-based tokens to represent traditional assets like bonds, leading to faster, cheaper, and more efficient transactions.
Vice President Kamala Harris’ first public statement about cryptocurrencies during a Wall Street fundraising event has triggered mixed reactions. While some see it as a positive step for digital assets, others believe it aligns with her support for central bank digital currencies (CBDCs) and a potential shadow ban on Bitcoin.
Cambodia’s National Bank has introduced the Bakong Tourists app, a mobile payment system designed to enhance the travel experience for visitors. Built on the country’s central bank digital currency infrastructure, the app facilitates transactions using the local currency, the Cambodian riel, and aims to reduce dollarization within the economy. The app is integrated with a vast network of locations and offers convenient payment options for tourists.
