private cryptocurrencies – DIGIT INFO

CBDCs and crypto should coexist, not compete — CoinDCX co-founder

DIGIT — Sun, 27 Oct 2024 11:31:44 +0000

Sumit Gupta shares insights on India’s approach to CBDCs and private cryptocurrencies, emphasizing the need for balanced regulation.

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India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection

DIGIT — Sun, 02 Jan 2022 17:20:02 +0000

India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that “cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) / combating the financing of terrorism […]

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India Lists Cryptocurrency Bill to Be Taken up Parliament — Crypto Legislation Expected Before Year-End

DIGIT — Wed, 24 Nov 2021 16:30:44 +0000

The government of India has listed a cryptocurrency bill to be taken up in the upcoming session of parliament that starts next week. The bill seeks to prohibit cryptocurrencies with some exceptions. It will also create a facilitative framework for a digital rupee to be issued by the Reserve Bank of India (RBI). Indian Government […]

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India’s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market

DIGIT — Sat, 06 Feb 2021 13:15:32 +0000

The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment services within India. RBI Near Digital Rupee Announcement As the Indian government prepares to introduce the cryptocurrency bill that seeks […]

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Indian Crypto Industry Launches Campaign Urging Lawmakers to Dismiss Crypto Ban Bill

DIGIT — Fri, 05 Feb 2021 10:30:52 +0000

Indian crypto exchanges have pooled their resources together and launched a campaign to gain support from as many parliament members as possible about cryptocurrency regulation. The crypto bill is listed to soon be introduced in parliament. It seeks to prohibit cryptocurrencies while creating a framework for the digital rupee to be issued by the Reserve […]

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Indian Finance Minister Addresses Crypto Proposal – Industry Responds

DIGIT — Wed, 31 Jul 2019 07:15:56 +0000

India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed and incomplete. Also read: Calls Intensify for Indian Government to Regulate Cryptocurrency Finance Minister […]

The post Indian Finance Minister Addresses Crypto Proposal – Industry Responds appeared first on Bitcoin News.

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BIS GM Argues New Cryptos Are “the Alchemy of the Age of Innovation”

DIGIT — Sat, 16 Jun 2018 20:18:53 +0000

The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently published its quarterly review of “International banking and financial market developments” for June 2018. The report includes an op-ed written by […]

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