Central Bank of Mauritius to Launch Pilot Project for Digital Rupee
Central Bank of Mauritius (BoM) will launch a pilot project to test the digital Mauritian rupee after a three-year study of its capabilities. Bank of Mauritius (BoM) Governor Harvesh Kumar Seegolam said the pilot program will be launched in November 2023. Sigolam believe ...
India’s New Foreign Trade Policy Guideline to Allow Use of Digital Rupee for International Payments
The Indian government has recently introduced a new foreign trade policy guideline that allows the use of the digital rupee for international transactions. According to India's Commerce Minister, Sunil Barthwal, the new policy will make cross-border payments much more accessible for countries who ...
RBI and Central Bank of UAE partner for cross-border transfers using government stablecoins
The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates have recently agreed to collaborate in the realm of cross-border money transfers, utilizing stablecoins backed by their respective governments. The central banks plan to conduct proof of concept (PoC) trials for paym ...