India’s central bank says it is exploring the possibility of digital currency
The Reserve Bank of India (RBI), the country's central bank, has said that it is exploring the need for digital currency. In a booklet on payment systems published Monday, the RBI said if there is a need for a digital rupee, it will explore how to operationalize it. "Private digital currencies (PDCs...
Janet Yellen confirmed as the Biden administration’s Treasury Secretary
Janet Yellen will serve as the next Secretary of the Treasury Department following a vote Monday evening in the U.S. Senate. At press time, the ongoing vote shows Yellen with 76 votes in favor to 12 against — more than enough to secure confirmation. Yellen, who previously served as chairwoman of the...
Cryptocurrencies could serve role as electronic store of value: Bank of Singapore chief economist
Cryptocurrencies could one day serve as a kind of electronic store of value, according to a report penned by the Bank of Singapore's chief economist. The report was written by chief economist Mansoor Mohi-uddin. The Bank of Singapore is a unit of Singapore's second-largest bank OCBC. Mohi-uddin writ...

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