Recently, Donald Trump warned that the U.S. might impose 100 percent tariffs on BRICS countries if they attempt to create a currency to rival the dollar. He stressed that these nations must commit to not replacing the dollar, highlighting concerns over U.S. economic dominance. However, critics argue that such tariffs could spark unnecessary trade wars, ...
India’s outgoing Reserve Bank of India (RBI) governor, Shaktikanta Das, has emphasized the country’s leading role in central bank digital currency (CBDC) development, highlighting its impressive growth with over 5 million users and 400,000 merchants participating in the digital rupee’s pilot since 2022. He believes CBDCs hold enormous potential for the future of currency. While ...
The Macau SAR Government has completed the development of the Digital Macau Dollar, known as e-MOP, which will soon enter testing phases. This digital currency will hold the same legal value as traditional cash and cannot be declined by merchants. e-MOP will offer two wallet types: “soft wallets” for mobile app transactions and “hard wallets” ...
DC Wallet, developed by Menas Global using Radix technology, has partnered with AFC India Ltd to encourage the adoption of Central Bank Digital Currencies (CBDCs) in India and beyond. This collaboration follows the Reserve Bank of India’s confirmation of testing the Digital Rupee with Ripple’s XRP Ledger. DC Wallet aims to enhance financial inclusion by ...
