JPMorgan to Work With Indian Banks on Blockchain-Based USD Settlement Platform
The new blockchain-based system will allow interbank dollar settlements to be completed around the clock.
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BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Boeing shares plummeted 7.45% in premarket trading following news of an Air India Boeing 787 Dreamliner crash.
The new blockchain-based system will allow interbank dollar settlements to be completed around the clock.
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India and Singapore established a real-time link to enable instant, low-cost cross-border payments.
According to India's central bank, only 50,000 users are participating in the country's CBDC pilot project.
Indian banks were exposed to around 40% of the $24.5B debt held by the embattled Indian conglomerate Adani Group, estimates show.
Indian retail giant Reliance Retail started accepting CBDC payments at its Freshpik stores across the country.
Hindenburg received 4x more attention than Adani's response. Will this trickle down to further devaluation?
India's crypto ecosystem has been crippled under the country's controversial tax rules.
The Reserve Bank of India (RBI) announced its plan to launch the pilot for a wholesale CBDC on Nov. 1.
India's central bank is planning to initiate the pilot launch of its CBDC for specific use cases, according to a concept paper released on Friday.
ZebPay, one of the oldest crypto exchanges in India, has applied for a license in Singapore after the Indian government imposed new crypto taxes earlier this…