India’s Central Bank to Introduce Features for Digital Rupee Pilot and Test Cross-Border Payment: Report

The Reserve Bank of India is actively negotiating with central banks from 18 countries to explore cross-border payments using the digital rupee, aiming to boost foreign trade and reduce dependence on US dollar reserves. Domestically, challenges persist, including limited awareness, infrastructure and accessibility issues, security concerns and resistance to change
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Hidden Road Opens First OTC Crypto Swaps to U.S. Institutions After $1.25B Ripple Deal

Hidden Road has launched cash-settled OTC crypto swaps for U.S. institutional clients via its FCA-regulated arm, pairing the service with cross-margining and financing. The move follows Ripple’s pending $1.25 billion takeover and reflects 2023’s 106% surge in institutional OTC volumes.
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