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.
New York Governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy.
First US state to ban nearly all crypto mining: Law Decoded, Nov. 21-28
The digital rupee is intended as a supplement to the current payment system and not its replacement.
The Reserve Bank of India to launch a retail CBDC pilot in December
India’s Reserve Bank outlined the pros and cons of a digital rupee as it looks to raise awareness around its CBDC project.
India’s central bank outlines digital rupee CBDC plans
The ownership of WazirX became a hot topic when CZ claimed the deal never went through. But three years later, there’s still no clarity.
Binance distances from WazirX as Indian regulators keep chasing crypto
Indian finance minister reiterated RBI’s stance on the crypto market, claiming it’s driven by speculation.
India needs global collaboration to decide on crypto's future, says finance minister
India's central bank has been a vocal critic of cryptocurrencies over the years; it previously stated that CBDCs could thwart the adoption of digital assets.
Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism
“One of the reasons it is so successful is because it's simple,” he added while comparing the Unified Payments Interface’s (UPI) growth with blockchain technolo...
CBDCs can “kill” private crypto: India’s RBI deputy governor to IMF