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.
India’s biggest crypto exchange, WazirX, was bought by Binance, sending a wave of optimism in the crypto ecosystem.
Binance Buyout in India Takes Industry Fearful of Regulation to Hope
The Supreme Court of India has postponed a hearing on the Reserve Bank of India’s circular banning banks from rendering services to crypto-related businesses.
Supreme Court of India Postpones Cryptocurrency Ban Hearing to November
The bank has failed in its duty to respond to complaints over the ban it instigated last year, judge rules.
India: Supreme Court Gives Central Bank 2 Weeks to Justify Crypto Ban
The R&D branch of the Reserve Bank of India is developing a blockchain platform.
Reserve Bank of India Developing Blockchain Banking Platform
Facebook has reportedly not applied for approval to operate its cryptocurrency in India with the RBI
Facebook Has Not Applied for RBI Approval to Operate Libra in India: Report
The bank says it has not received any communication from the government about a draft bill that would ban cryptocurrencies.
Reserve Bank of India Denies Knowledge, Involvement in Draft Bill to Ban Crypto Entirely
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 Urged to Reconsider Banning Crypto From Regulatory Sandbox