Manish Singh / TechCrunch:
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points — European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
Manish Singh / TechCrunch:
India’s central bank announces UPI Lite to make transactions below $2.50 faster and simpler on the country’s most popular digital payments network — In just six years, UPI has become the most popular way Indians transact online. The mobile electronics payments system was used …
Amitoj Singh / CoinDesk:
The Reserve Bank of India plans to begin testing its CBDC on November 1, with nine banks participating, and a retail version by the end of November — A pilot for a retail version will start within a month. — India’s central bank will introduce a pilot wholesale central bank digital currency …
Coco Feng / South China Morning Post:
China’s central bank: e-CNY transactions totaled ~$14B from December 2019 to August 2022, up 14% from ~$12.2B in December 2021, signaling slowing growth — China’s central bank digital currency transactions totalled 100 billion yuan (US$14 billion) from the start of the e-CNY initiative …
Bloomberg:
Nigeria’s central bank slashes the daily ATM withdrawal limit from ~$337/day to ~$45/day in a bid to boost digital payments and eNaira digital currency adoption — Nigeria’s central bank slashed the daily withdrawal limit from automatic teller machines in a bid to boost digital payments in Africa’s most-populous nation.
Manish Singh / TechCrunch:
The Competition Commission of India fines Google $113M over alleged anti-competitive Play Store practices, following a $161.9M fine over Android from last week — India’s antitrust watchdog has hit Google with $113 million fine for abusing the dominant position of its Google Play Store …
Stephanie Murray / The Block:
DCG’s Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG’s Genesis halts withdrawals — Grayscale will not show proof of reserves due to “security concerns,” after its bitcoin and ether products fell to all-time lows this week.
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