On Friday, the Reserve Bank of India (RBI) announced that it was considering a graded approach to the rollout of central bank digital currency (CBDC), the much-anticipated alternative to cryptocurrenc...
Tag: RBI
RBI Governor Shaktikanta Das Reaffirms Stance Citing Recent Crypto Crash
3 hours ago | 2 mins read Editors News The RBI has not reportedly placed any shadowban on exchanges. The influence of cryptocurrencies on India’s macroeconomics has been frequently raised. As the cryp...
India’s RBI Officials Warn of Dollarization of Economy if Cryptos Are Embraced ⋆ ZyCrypto
Advertisement     Top Reserve Bank of India (RBI) officials have told a parliamentary committee that the adoption of cryptocurrencies can lead to the dollarization of ...
India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy – Coinotizia
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RB...
India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy – Economics Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RB...
RBI warns of crypto ‘dollarization’ of Indian economy
Officials from the Reserve Bank of India (RBI) have reportedly sounded the alarm bells again over crypto adoption, which they claim will ultimately lead to the “dollarization” of the local economy. Ac...
RBI worry crypto could trigger dollarization of the economy
The RBI has been highly apprehensive about cryptocurrencies, telling the Parliamentary Committee on Finance that they could lead to the dollarisation of the economy and are inconsistent with India’s n...
RBI officials issue warning on economy ‘dollarisation’ threat by cryptocurrencies
Officials from the Reserve Bank of India (RBI) have warned that with most cryptocurrencies denominated by the dollar, it could lead to the dollarisation of the country’s economy. The officials stress...
RBI Expresses Concerns Over SC Order Revoking Crypto Ban
The Supreme Court order revoking the cryptocurrency ban has been the cause of concern for the central bank of India. However, the latter has not taken any action protesting the order yet. RBI Issues ...
Coinbase CEO Says, ‘Informal Pressure’ From RBI Disrupted Our Payments
On April 5, the Nasdaq-listed U.S.-based crypto exchange Coinbase, officially allowed Indian users to buy crypto tokens through UPI (Unified Payments Interface), a modern Indian payment infrastructure...
Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI – Coinotizia
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank o...
Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI – Exchanges Bitcoin News
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank o...
Coinbase CEO Blames RBI for Botched India Launch Coinbase CEO Blames RBI for Informal Pressure for Botched India Launch
Coinbase Co-founder and CEO Brian Armstrong squarely blamed the Reserve Bank of India (RBI) for employing “informal pressure” and denying the Unified Payments Interface (UPI) services that led to Coin...
India will allow commercial use of the RBI digital currency from 2023
India’s finance minister has indicated that the government is exploring several commercial use cases of its digital currency. The Reserve Bank of India (RBI) will issue a new digital currency labelled...
RBI rejects MobiKwik payment aggregator license application
TL;DR Breakdown The Reserve Bank of India (RBI) turns down MobiKwik`s application to run Zaakpay. MobiKwik halts taking in more clients while existing clients have 180 days to fold. RBI`s reason for r...
India’s Digital Currency to Take ‘Very Calibrated, Graduated’ Approach, Says RBI Deputy Governor – Coinotizia
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it i...
India’s Digital Currency to Take ‘Very Calibrated, Graduated’ Approach, Says RBI Deputy Governor – Regulation Bitcoin News
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it i...
RBI seemingly wants to ban cryptocurrencies, but not for the reasons you might think
It appears the root cause of concern is the potential for digital assets to disrupt the rise of India as a global power. On Thursday, the Reserve Bank of India, or RBI, the country’s central ban...
India’s Finance Minister Praises CBDC, RBI to Accelerate the Development
India seems to be getting closer to realizing its plans of having a central bank digital currency aka the “Digital Rupee”. Coming in its support on Tuesday, March 8, India’s Union Finance Minister Nir...
RBI deputy governor: banning crypto most advisable choice
Rabi Sankar has taken a strong stance against cryptocurrency He claims that crypto can have destabilizing effect on the country’s fiat money Crypto is hard to regulate, Sankar added T. Rabi Sankar fr...
Indian Finance Minister Says RBI Is on Board With New Crypto Rules
“We were all discussing prior to the budget. And we shall continue to have the discussions. And all decisions … are being taken on it, obviously, because it [is] very serious, it is a digi...
RBI deputy governor concerned about crypto’s impact on India’s economy
The government and the banks themselves are still trying to figure out the meaning and the nature of digital currencies. In the eyes of the RBI Deputy Governor Rabi Sankar, cryptocurrencies should be ...
India’s RBI Dy Governor Calls Crypto Worse Than A Ponzi Scheme, Calls For Outright Ban
The cryptocurrency tax was the first step taken by the Government of India to bring cryptocurrencies under some form of regulation. However, it seems more is in store, especially taking the statements...
India Should Ban Cryptocurrencies, Says RBI Deputy
India should ban cryptocurrencies as they are related to Ponzi schemes or worse and they pose a threat to financial and macroeconomic stability, a deputy governor at the Reserve Bank of India (RBI) sa...
Government and RBI in Complete Harmony on Crypto and CBDC
A fortnight packed with important developments on the economic front, Indian Finance Minister Nirmala Sitharaman and Governor of India’s central bank Shaktikanta Das told the media that there is compl...
Indian Government Consulting With Central Bank RBI on Crypto — ‘There Is Complete Harmony’ – Regulation Bitcoin News
The Indian government is consulting with the Reserve Bank of India (RBI) on crypto policies. According to the finance minister, the government and the central bank are in “complete harmony” on crypto ...
RBI Governor Das Warns Crypto Is ‘Not Even a Tulip.’
In a press conference on Thursday, Reserve Bank of India Governor Shaktikanta Das delivered a stern warning against investing in cryptocurrencies. He stated that investors must remember that crypto...
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection – Coinotizia
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 vo...
RBI Calls Crypto A Threat To India’s Financial Stability
RBI Governor, Shaktikanta Das has stated that private currencies such as cryptocurrencies are a threat to the country’s financial stability. The criticism against cryptocurrencies in a way is to cauti...
‘All Except RBI Currency Are Assets’ Indian Finance Minister Clarifies On 30% Tax
The Indian Finance Minister Nirmala Sitharaman was unequivocal when she declared that “I don’t wait until regulations come in place to tax people making profits.” However, on NDTV’s question on the ne...
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI – Regulation Bitcoin News
The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-2...