The CBDC concept in Japan, has not quite spread out to the residents there, new findings have shown. Less than 20 percent of Japan’s population is familiar with the term CBDC, claimed Kazuo Ueda, the governor of the Bank of Japan (BoJ), during a recent speech. He also noted that another 20 percent Japanese residents, … Read more
India’s eRupee CBDC, that is presently in its advanced trial period, is reportedly facing decline in terms of its usage. Citing sources familiar with the matter, a Reuters report has claimed that CBDC transactions that had hit the mark of one million transactions per day in December 2023, has dropped to just around 100,000 daily … Read more
The Reserve Bank of India (RBI) has published its latest Financial Stability Report (FSR) that outlines important events that have recently taken place in the national and international banking and fintech sector. The domain of decentralised finance (DeFi) earned a brief mention in RBI’s report wherein the central bank, discussed the focus of global bodies … Read more
Mudrex is seeking additional KYC details for users initiating crypto withdrawals, and the crypto investment firm has halted crypto withdrawals for the next couple of weeks as part of an ongoing upgrade to its ‘compliance suite’. The platform informed users about pause on withdrawals through via emails over the weekend. The company also posted a … Read more
India’s cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment since the 2020 launch of the production-linked scheme, a government official said on Wednesday, amid efforts to reduce imports from China. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods. “The PLI … Read more
Intel is working on ramping up its support for handheld gaming consoles, as demand for these compact PCs continues to increase. The chipmaker faces competition from AMD, which makes the Z1 and Z1 Extreme chips that power the Lenovo Legion Go and Asus ROG Ally X. However, the company has taken several steps to support … Read more