Reserve Bank of India Explores Technology Solutions to Address Privacy Risks in Digital Rupee Development

by Александр Пирогов | Feb 2, 2024 | Blog News

The Reserve Bank of India (RBI) is adopting a cautious approach in developing its digital rupee, actively exploring technology solutions to mitigate privacy concerns associated with a potential central bank digital currency (CBDC). A senior official revealed the...

Germany’s DZ Bank to Launch Retail Crypto Trading Trial for Over 700 Community Banks

by Александр Пирогов | Feb 2, 2024 | Blog News

DZ Bank, the second-largest bank in Germany, plans to initiate a retail crypto trading trial this year, making the service available to its extensive network of over 700 community banks. The Frankfurt-based bank aims to enter the pilot phase for retail crypto trading...

Singapore Issues Cybersecurity Warning Amid Rising Threat of Crypto Drainers

by Александр Пирогов | Feb 1, 2024 | Blog News

Singapore authorities, in collaboration with the Police Force and Cyber Security Agency, release a joint advisory cautioning citizens about the growing threat of crypto drainers in cyberattacks. The advisory highlights the use of commercial crypto draining kits,...

Bitcoin Displays Resilience Amidst Federal Reserve’s Hold on Interest Rates

by Александр Пирогов | Feb 1, 2024 | Blog News

In the aftermath of the Federal Reserve’s decision to keep interest rates steady, Bitcoin remains relatively stable, experiencing only a 2.2% dip while traditional stocks and cryptocurrencies face more substantial declines. Fed Chairman Powell’s cautious...

African Development Bank (AfDB) Breaks Ground with $750 Million Hybrid Capital Note Issuance

by Александр Пирогов | Feb 1, 2024 | Blog News

Summed-Up News: The African Development Bank (AfDB) has made history by issuing a $750 million perpetual hybrid capital note, a novel financial strategy recommended by the G20 for multilateral development banks. This instrument, with a 5.75% coupon, offers flexibility...

Indian Budget has Visionary Fiscal Roadmap and Transformative Reforms for India’s Economic Growth

by Александр Пирогов | Feb 1, 2024 | Blog News

Finance Minister Nirmala Sitharaman’s Interim Budget 2024 reveals ambitious fiscal targets, projecting a fiscal deficit of 5.8% for FY24 and aiming to reduce it further to 5.1% in FY25. With a revised total expenditure of Rs. 44.90 lakh crore and tax receipts...