India is in discussion with other G20 nations to plan a common regulatory framework for crypto regulation, Indian Finance Minister...
RBI Digital Rupee Launch News: The Reserve Bank of India (RBI) is set to launch the first pilot for its retail digital Rupee on December 1, 2022....
India's BACC has shut down after years of challenging the RBI and lobbying for crypto's interest in the country.
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...
The Indian Cryptocurrency market has been dealing with many restrictions lately. Finance Minister Nirmala Sitharaman announced the 30% tax over the profit made from the digital assets trading in this year’s Union Budget....
An Indian central bank governor said stablecoins presented a bigger threat to economic stability than other cryptocurrencies. He also cited a need for central bank digital currencies (CBDCs) to catch up with a boom in digital payments. Speaking at a webinar, Reserve Bank of India ( RBI) deputy governor T Rabi Sankar said that stablecoins...
Big news for the cryptocurrency community! After months of confusion, India, which was one of the countries that banned cryptocurrencies, submits to reality and backs off from its decision. News surfaced about...
India may have been battling with uncertainties especially concerning its crypto regulations, however, its central bank, the Reserve Bank of India (RBI), has now shown interest in offering basic models of a central bank- issued...
With authorities in India still unsure on how to deal with the crypto industry, the apex bank of the Asian country has reportedly made it clear that it would prefer the country to tow the China path by completely banning crypto. RBI insists on banning crypto According to the...
Narendra Modi, the Prime Minister of India, on Saturday chaired a meeting on crypto in India. During the meeting, the officials present agreed that some crypto platforms are misleading the youth of the country. And that there is a need to stop non-transparent advertisements. Indian Lawmakers And Cryptocurrencies The...
The Indian government has set out on a plan to stop all forms of misleading information and promises that are "too good to be true, sources claim. The news broke after The Press Trust of India reported that Prime Minister Narendra Modi presided over a meeting with other stakeholders, on the way forward for cryptocurrency The post Indian Government Meet To Discuss The...
The Reserve Bank of India is studying various aspects of digital currencies.
The RBI said its circular "DBR.No.BP.BC.104/08.13.102/2017-18" dated April 06, 2018 cannot be cited.
Although crypto trading isn't illegal in India, big banking institutions in the country are sending their customers advisories to refrain from indulging in crypto transactions. As reported by a local news publication The Hindu,...
“Even though the discussions are informal...no one wants to go against the regulator.”
The Governor of the Reserve Bank of India (RBI), the Indian Central Bank today...
A proposed ban that would effectively end investment in private cryptocurrencies could have serious consequences.
Both nations hope to prevent banks from providing services to crypto companies.
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