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.
A former deputy governor of the RBI sees cryptocurrencies as a taxable asset or commodity.
Former reserve bank official pushes for India to accept crypto
India’s central bank is carefully considering the merits of issuing a digital rupee, while CBDC exploration continues to gather steam across the globe.
India CBDC pilot may commence in December, says RBI governor
Users will be able to earn yield paid in BTC on all the rewards they’ve accumulated through the app.
GoSats launches Bitcoin cashback rewards card in India
RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo.
Reserve Bank of India mulls first steps toward an eventual CBDC
The bank has also asked users not to invest any fiat currency that may have links to previous cryptocurrency investments.
India’s ICICI Bank warns remittance users to steer away from Bitcoin
India’s crypto exchanges continue to cope with the burden of limited access to banking services.
Crypto exchanges in India still struggling to secure banking partners
India’s regulatory stance on crypto has been shaky at best and prejudiced at worst, but what is India actually doing about crypto?
Slow, but not steady: India’s stance on Bitcoin and crypto is evolving