Ethereum World News
2022-06-23 15:42:48

Reserve Bank of India Is Developing a Blockchain-Based Trade Financing Project

India’s central bank is working with several banks to facilitate a blockchain-based trade financing pilot. The pilot would focus, among other things, on preventing loan fraud. India is also mulling over whether to add an additional 28% goods and services tax on crypto. The Reserve Bank of India (RBI), the country’s central bank, is engaging with over a dozen major banks in the country to create a blockchain-based trade financing project. The Economic Times reported on June 23 that the […]

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