RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Sunday, down 0.60 percent to $29,016 as of 10:04 a.m. Riyadh time.
Ether, the second most traded cryptocurrency, was priced at $1,781, up 0.88 percent, according to data from Coindesk.
India's central bank takes a tiered approach to launching digital currency
India's central bank, the Reserve Bank of India, know as RBI, has proposed adopting a tiered approach to launch the country's central bank digital currency, Bitcoin.com reported.
“The Reserve Bank proposes to adopt a graded approach to introduction of CBDC, going step by step through stages of proof of concept, pilots and the launch,” RBI said.
“The design of CBDC needs to be in conformity monetary policy, financial stability and efficient operations of currency and payment systems.”
The RBI added that: “the appropriate design elements of CBDCs that could be implemented with little, or no disruption are under examination.”
Meanwhile, the Indian...
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