26 seconds ago | 2 mins read Defi News The Executive Director of the RBI let out glimpses of the CBDC plan. 50,000 users and 5,000 merchants at present are for real-world testing. Ajay Kumar Choudhary...
Tag: RBI
India explores offline functionality of CBDCs — RBI executive director
India’s recently launched in-house central bank digital currency (CBDC) — the digital rupee — is now being tested for offline functionality, revealed Ajay Kumar Choudhary, executive director of the Re...
RBI Governor Says G20 Summit Members to Plan Crypto Ban
2 hours ago | 2 mins read Bitcoin News As per the Indian finance minister, G20 members have acknowledged India’s stance on crypto. India will introduce its own CBDC to fend off competition from crypto...
RBI Governor G20 Members Could Consider Entire Crypto Ban
India is making headlines regarding crypto regulations yet again. The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, has mentioned that some members of the G20 summit might consider an ...
USD/INR forms ascending triangle amid Fed, RBI divergence
The USD/INR exchange rate is sitting near its all-time high as a divergence between the Reserve Bank of India (RBI) and the Federal Reserve widened. It was trading at 82.67 on Monday, slightly below i...
RBI launches Global Hackathon ‘HARBINGER 2023’
The Reserve Bank of India (RBI) is hosting its second worldwide hackathon in an effort to generate creative solutions to current problems outlined in problem statements. According to the RBI, the much...
India’s Retail CBDC Pilot Onboards 50K Users, RBI to Continue with ‘Go Slow’ Approach
India’s retail CBDC pilot, launched on December 1, has onboarded 50,000 users and 5,000 merchants. In the two-month period, 0.77 million e-rupee transactions were carried out, the Reserve Bank of Indi...
USD/INR forms a mildly bearish pattern after the RBI decision
The USD/INR exchange rate pulled back on Wednesday after the latest interest rate decision by the Reserve Bank of India (RBI). It also retreated following the relatively hawkish statement by Fed offic...
RBI Calls for a Common Global Approach On Cryptocurrencies ⋆ ZyCrypto
Advertisement     The Reserve Bank of India (RBI) has once again expressed concerns over the growing digital asset ecosystem. In particular, it cited the recent turmoi...
Can eRupee Be Converted To Cash? RBI Official Clarifies
The Central Bank Digital Currency or eRupee cannot be converted into cash as of now and cash cannot be converted into eRupee as well. The Reserve Bank of India will issue eRupee only to customers who ...
Ex-India RBI chief says crypto price collapse will unlock ‘true value’ of crypto
Former governor of the Indian central bank Raghuram Rajan said that the collapse in crypto prices last year suggests that the industry has received its deserved fate, according to Reuters. However, th...
RBI Governor: Crypto Should Be Banned
India’s regulators have yet again made their opinions on crypto known. The latest to reiterate the country’s position on crypto is the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, who...
RBI Governor Shares RBI’s Position: Crypto Should be Banned
RBI Governor Shaktikanta Das compared cryptocurrencies to gambling during the Business Today event on Friday. He reiterated the position of RBI that cryptocurrencies should be banned. He talked about ...
RBI Governor slams crypto, ‘calls it nothing but speculation’
On January 13, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, reaffirmed his support for an absolute ban on cryptocurrencies. He said that cryptocurrencies are nothing more than a k...
RBI says crypto forms an unstable ecosystem
The Reserve Bank of India has released its Financial Stability Report, in which it says that crypto needs the same regulation applicable to traditional finance. No change on crypto from the RBI Noises...
RBI Executive Director Backs Digital Rupee as India Pushes For CBDC
Altcoin News Choudhary argues that the pressing strategic requirement may be met with digital money. CBDC would give people what they wanted while protecting consumers as per the exec. At a session ti...
Digital Rupee Will Wipe Out All The Black Money, Claims RBI Official
Ajay Kumar Choudhary, executive director of the Reserve Bank of India, stated at an interactive session on “Digital Rupee: A Way Forward” that the introduction of digital currency would significantly ...
RBI Chief Warns About Crypto, Crypto Daily TV 22/12/2022
In Todays Headline TV CryptoDaily News: Core Scientific files for bankruptcy. Core Scientific, one of the largest bitcoin miners by computing power, filed for bankruptcy as the crypto winter continues...
Crypto will cause ‘next financial crisis’ and should be banned, RBI says
The Reserve Bank of India’s governor, Shaktikanta Das, said private cryptocurrencies would lead to the “next financial crisis” if allowed to continue — and should therefore be banned...
RBI Officials Go All Bearish on Crypto in New Call for Prohibition
India has been indecisive about whether to ban crypto or not, but it comes off as one of the nations that levy up to 28% tax on proceeds from digital currencies and their underlying trading activities...
Crypto could spark the next financial crisis, says India’s RBI head
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, did not mince his words when discussing the crypto sector at a recent conference, asserting that “private” crypto will be behind the n...
RBI Deputy Governor touts CBDC
The Deputy Governor of the Reserve Bank of India says a CBDC can be anonymous and that any crypto data is misleading. The ongoing debate between the use of cryptocurrencies and central bank digital cu...
USD/INR spot forecast after the RBI interest rate decision
The USD/INR exchange rate price held steady on Wednesday as the US dollar continued its recovery and after the latest interest rate decision by the Reserve Bank of India (RBI). It rose to a high of 82...
The RBI Is Getting Its Digital Rupee Ready
The Reserve Bank of India (RBI) has unveiled its new pilot program that will see various consumers testing out the latest version of its digital rupee. A CBDC (central bank digital currency), the digi...
RBI announces the launch of its first retail digital rupee pilot program
On October 31, 2022, the Reserve Bank of India issued an official press release regarding their plans to introduce the digital Rupee. In accordance with that, the institution has now formally launched...
RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then e...
The RBI will pilot retail CBDC in December
The Reserve Bank of India (RBI) is getting ready to conduct trials of the “digital rupee” at a number of different retail outlets throughout India. In the past, it has experimented with ma...
‘RBI Machine’ Jose Abreu May Leave Chicago White Sox As A Free Agent
Chicago White Sox’s Jose Abreu during a baseball game against the Oakland Athletics in Oakland, … [+] Calif., Saturday, Sept. 10, 2022. (AP Photo/Jeff Chiu) Copyright 2022 The Associated P...
RBI Launches Much-Anticipated Digital Rupee Pilot For Wholesale Segment ⋆ ZyCrypto
Advertisement     India’s much anticipated Digital Rupee has been launched for the wholesale segment on a pilot basis. The use case for Digital Rupee in wholesale will...
Reserve Bank of India (RBI) Launches CBDC Pilot Phase
14 mins ago | 2 mins read Altcoin News The CBDC pilot programme at India’s central bank began earlier today. The RBI has released the digital rupee, commonly known as the e-rupee. Although cryptocurre...