India continues to be a significant player on the global financial stage. The country is making strides in digital finance with an assertive approach towards Central Bank Digital Currencies (CBDCs) ...

India and the UAE are exploring a link between their central bank digital currencies to enable instant cross-border money transfers and simplify remittances for over 4 million Indians.

India’s proposal to link the digital currencies of the BRICS nations could alter how emerging economies settle trade deals.

The e-Rupee link with the UAE will make money transfers a breeze between the two countries. UAE, home to the emirates of Dubai, Abu Dhabi and Sharjah, accounts for 19.2% of remittances into the ...

Only three CBDCs have been successfully launched around the world so far, in Nigeria, the Bahamas and Jamaica, although many jurisdictions are considering it. The Reserve Bank of India has urged ...

Digital payments have become a routine part of everyday life in India. Whether it is paying a shopkeeper through UPI or ...

With the CBDC retail sandbox, fintech players can access APIs, build prototypes, and test products in a secure, simulated environment Fintechs can either join the sandbox directly or through their ...

In response to global developments on crypto asset reporting framework and updates to Common Reporting Standard (CRS), the government has amended the Income Tax Rules to widen the reporting framework ...

The RBI’s CBDC proposal is about ensuring continuity of trade and payments under adverse conditions, not about signalling ...

Forbes contributors publish independent expert analyses and insights. Roger Huang writes about Bitcoin and its wider impact on society. Central bank digital currencies have been a new phenomenon.