The Reserve Bank of India (RBI) plans to launch the Digital Rupee, India’s own Central Bank Digital Currency (CBDC), in the current fiscal year.
The CBDC will be introduced gradually, initially only for wholesale businesses, according to a BS report citing sources. According to the report, the Digital Rupee is designed in such a way that its users have no anonymity. According to media reports last month, the RBI will first make the CBDC available to retail and wholesale segments. Choudhary also stated that the Finance Act of 2022 amended the RBI Act of 1954 to allow the central bank to implement the CBDC this year. Sections of the RBI Act were amended to include CBDC as banknotes.
Texas Attorney General Ken Paxton late on Thursday said he is suing online gaming platform Roblox over child safety concerns, accusing the company of “deceiving parents about the dangers of its platform.” Source link
OpenAI execs have been fielding plenty of questions about how they expect to pay for the $1.4 trillion worth of data center build-outs and usage commitments they’ve accrued this year, given that their revenue — while rising rapidly — is a $20 billion annual run rate, CEO Sam Altman said Thursday in a post on X. Source link
After Zohran Mamdani clinched the New York City mayoral race on Tuesday night, his campaign announced former FTC chair Lina Khan as one of the transition team’s four co-chairs. Source link
