RBI News

The bridge would be the second for the UAE, whose banks successfully participated in the mBridge project last year with Hong Kong, China and Thailand.

The digital rupee is intended as a supplement to the current payment system and not its replacement.

Now debuting a wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations.

The trial may lead up to the introduction of a CBDC in India before the end of this fiscal year, most likely in three steps; U.S.-based FIS had reportedly participated.

In India, the regulatory environment surrounding Bitcoin is still in a "grey area."

Banks like HDFC and the State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular.

OKEx has launched a peer-to-peer trading platform and fiat onramp in India.

Indian Prime Minister Narendra Modi has publicly endorsed blockchain as an investment opportunity.

New funding from CoinFund will help Delta establish a further presence in the Indian market.

RBI’s recent response to an information request shows that Indian banks are not prohibited from dealing with cryptocurrency business.

Regulation is one of the biggest hurdles for crypto in India as exchanges continue the legal battle to establish a clear framework.

India’s crypto exchanges are demanding that the country’s central bank provide clear guidelines regarding taxation.

India’s Minister of Corporate Affairs has revealed that only two cryptocurrency companies have apparently registered with the ministry.

Top jurisdictions that have outlawed Bitcoin and cryptocurrencies are now starting to rethink their stance.

Dark clouds still loom for the Indian crypto industry, with a 2019 bill proposing a ban on virtual currencies still pending in India's parliament.