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 ...