India Gets Huge CBDC Push With Retail Giant Reliance India’s largest retail chain Reliance has started accepting the country’s retail CBDC.The Digital Rupee will soon be accepted in 17,000 stores across the country.Reliance Retail has partnered with several Indian banks to enable CBDC payment for its customers. In a huge push for the adoption of
© Reuters. One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses. In a report by Tech Crunch, the company said central bank digital currency (CBDC) support is already rolled out at
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By Liz Moyer Investing.com — U.S. stocks rose in early trading on Wednesday after economic data on retail sales and producer prices eased fears about interest rate hikes. At 9:47 ET (14:47 GMT), the rose 42 points or 0.1%, while the rose 0.3% and the was up 0.5%. for December fell more than expected, giving
© Reuters. By Scott Kanowsky Investing.com — U.S. consumers pulled back on spending by more than expected in December, according to advance estimates from the Census Bureau on Wednesday. Retail sales in the world’s largest economy fell by 1.1% from the previous month, adding on to a downwardly revised drop of 1.0% registered in November. Economists
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SFC Restricts Retail Investors to Highly Liquid Digital Assets Julia Leung Fing-yee announced that the SFC has decided to restrict retail investors to highly liquid digital assets.She was reluctant to give specifications on the digital assets but stressed that the investors would be allowed to trade only the major virtual assets.Leung also added the city’s
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