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In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries. Go to Source Powered by WPeMatico
An official of India’s central bank, the Reserve Bank of India (RBI), says that the country’s central bank digital currency (CBDC) will act as an alternative to cryptocurrency. He stressed that the digital rupee must possess all the attributes of physical currency, including anonymity. India’s CBDC Update Reserve Bank of India (RBI) Executive Director Ajay … Read more
A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September. Go to Source Powered by WPeMatico
India’s finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms. Go to Source Powered by WPeMatico
Indian Finance Minister Nirmala Sitharaman has stressed the importance of international cooperation in order to regulate the crypto sector. She also confirmed that Indian regulators’ crypto awareness campaign will continue to alert people about the risks of investing in crypto. Indian Finance Minister on Crypto Regulation, Bill, and Awareness Campaign India’s finance minister, Nirmala Sitharaman, … Read more
One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program. Go to Source Powered by WPeMatico
Following men’s cricket, the Board of Control for Cricket in India (BCCI) prohibits the women’s teams from having commercial associations and other sponsorships with crypto businesses. Go to Source Powered by WPeMatico
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are currently processed by eight banks, with five more banks set to join the pilot soon, said RBI Deputy Governor T. Rabi Sankar. Digital Rupee Now … Read more
The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said. Go to Source Powered by WPeMatico
The Indian government is planning to introduce “measures around crypto” this year, according to the country’s Economic Affairs Secretary Ajay Seth. India’s finance minister says cryptocurrency regulation will be discussed in her upcoming G20 meeting of finance ministers and central bank governors. India Could Introduce Crypto Measures This Year India’s Economic Affairs Secretary Ajay Seth … Read more
