News
The India International Exchange is reportedly looking to explore digital asset-based products despite local uncertainty.
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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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While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity.
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After announcing Cosmex in February 2021, CoinDCX is now testing its global product to launch in 2022.
3954 - NewsIndia to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail
The country wishes to see all crypto activities take place on platforms regulated by SEBI.
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The Securities and Exchange Commission's continued resistance to spot Bitcoin ETFs draws industry players' ire.
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Indian crypto investors will reportedly be given a specific time frame to declare their crypto holdings and hold their assets on crypto exchanges regulated by SEBI.
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The token prices on the Indian crypto exchange WazirX crashed following the announcement of a bill that would ban all private crypto.
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Indian Prime Minister Narendra Modi has grown increasingly vocal about cryptocurrencies.
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Despite the growing popularity of cryptocurrencies in India, lawmakers remain deeply divided on implementing a proper regulatory framework.
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In India, the regulatory environment surrounding Bitcoin is still in a "grey area."
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Officials from India's Finance Ministry said any potential law on cryptocurrencies would likely come around the time the government submits the Union Budget of India in February.
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A former deputy governor of the RBI sees cryptocurrencies as a taxable asset or commodity.
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India’s central bank is carefully considering the merits of issuing a digital rupee, while CBDC exploration continues to gather steam across the globe.
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Users will be able to earn yield paid in BTC on all the rewards they’ve accumulated through the app.
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RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo.
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