Lobbying groups argue that the Reserve Bank of India will better understand the risks associated with crypto if it allows them to be tested on consumers.
Reserve Bank of India News
The Reserve Bank of India is India’s financial authority that has a control over Indian monetary policy and national currency – the Indian rupee. The Reserve Bank of India also stores foreign exchange reserves, maintains inflation control, and regulates banking operations and institutions. The Reserve Bank of India is one of the world’s most important financial authorities because of India’s huge economic influence — due to its exports and GDP. The central bank of India publishes reports on various sides of India’s banking development and its financial indicators. The Reserve Bank of India has issued an e-banking report that studies the risks and opportunities of internet banking, encourages banks to promote and develop their e-banking applications and services, and gives recommendations about the process of it.
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by Henry Linver
The purported crypto ban represents the latest shaky step for the Indian government.
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by Thomas Simms
Three blockchain-focused firms are among the latest 29 companies accepted into the U.K. financial watchdog’s regulatory sandbox.
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by Thomas Simms
Fintech firms can put blockchain technology to the test, but cryptocurrency projects are excluded, India’s central bank has announced.
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by Helen Partz
The Supreme Court of India has granted four weeks to Indian authorities to come up with crypto regulation.
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India’s first digital bank, the DBS-owned Digibank, is allegedly closing accounts involved in crypto-related activity.
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A source reported that the Indian central bank thinks it is too early to develop or implement a central bank digital currency.
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A new Indian governmental committee reportedly favors cryptocurrency regulation and legalization over prohibition.
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An Indian government panel has reportedly proposed regulation making cryptocurrencies illegal via the Reserve Bank of India.
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The Reserve Bank of India has confirmed the creation of an inter-departmental group tasked with analyzing the feasibility of issuing a rupee-backed central bank...
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Reports are surfacing that the Reserve Bank of India has been researching cryptocurrency and blockchain since July.
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The Indian government is reportedly considering whether to allow crypto tokens to be used within the country.
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Indian crypto wallet provider and exchange Unocoin has suspended rupee deposits and withdrawals “as per orders” from the country’s central bank.
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by Helen Partz
The Reserve Bank of India has urged the Supreme Court to regulate crypto, following the postponement of a hearing on the bank’s crypto dealings ban.
- News
The final arguments in the Supreme Court regarding the Reserve Bank of India’s (RBI) crypto banking ban will be held in September.
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