Tag: reserve bank of india

Feb 11 2023

Breaking: India’s Finance Minister Answers Crypto Regulation, Adani Queries

India is in discussion with other G20 nations to plan a common regulatory framework for crypto regulation, Indian Finance Minister...

Nov 29 2022

RBI Digital Rupee Pilot Launch On December 1: What You Need To Know

Nov 29 2022 Published at Coingape under tags  cbdc digital rupee news reserve bank of india

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....

Jul 14 2022

India’s Crypto Advocacy Council Disbanded After 5 Years Of Lobbying

India's BACC has shut down after years of challenging the RBI and lobbying for crypto's interest in the country.

Jun 23 2022

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...

Jun 04 2022

CBDCs To Kill Private Cryptos, Indian Central Bank Warns

Jun 04 2022 Published at Coingape under tags  cbdc india news reserve bank of india

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....

Apr 08 2022

Just-In: Stablecoins Present “Bigger” Economic Threat, Says India’s Reserve Bank

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...

Feb 01 2022

India Legalizes Cryptos and Bitcoin ON THE MOVE! $BTC 40K NOW??

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...

Dec 30 2021

RBI warns against “immediate risks” of private cryptocurrencies

Dec 30 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The latest update in the Indian crypto sphere saw the Reserve Bank of India (RBI)...

Dec 28 2021

RBI softens stance on crypto, to offer basic model of CBDC

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...

Dec 19 2021

India’s top bank calls for complete crypto ban

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...

Nov 25 2021

Former Indian Central Bank Governor has Made This Bold Claim About Crypto Market

Nov 25 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

The Indian crypto ecosystem is standing at a crucial...

Nov 14 2021

India’s Prime Minister Holds Crypto Meeting, Urges Ban On Misleading Ads

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...

Nov 13 2021

Indian Government Meet To Discuss The Future of Cryptocurrency, But The Public Might Not Be Having It

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...

Aug 27 2021

India Plans to Launch CBDC Pilot by December 2021

The Reserve Bank of India is studying various aspects of digital currencies.

May 31 2021

Indian Central Bank Issues Statement As Local Banks Caution Against Cryptos

The RBI said its circular "DBR.No.BP.BC.104/08.13.102/2017-18" dated April 06, 2018 cannot be cited.

May 30 2021

Indian Banks Send Advisory to Customers to Follow RBI guidelines and Refrain from Crypto Transactions

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,...

May 13 2021

Indian Central Bank Asks Banks to Cut Ties with Crypto Exchanges

“Even though the discussions are informal...no one wants to go against the regulator.”

Feb 24 2021

Indian Central Bank Governor Voices Concern Over Cryptocurrencies

Feb 24 2021 Published at Coingape under tags  india indian crypto news rbi regulation news

The Governor of the Reserve Bank of India (RBI), the Indian Central Bank today...

Feb 16 2021

The End of Crypto in India? Proposed Crypto Ban Has Big Implications

A proposed ban that would effectively end investment in private cryptocurrencies could have serious consequences.

Feb 09 2021

State of Crypto: India and Nigeria’s Crypto Crackdowns Continue Old Trends

Both nations hope to prevent banks from providing services to crypto companies.

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