Uptake in rural and urban areas with little or no internet connectivity could be boosted by introducing offline solutions.
Reserve Bank of India News
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Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian central bank, RBI.
8350Singapore, Malaysia, the UAE, France, Benelux countries, Nepal and the U.K. have adopted the NPCI’s UPI payments system to varying degrees.
8085The Yes Bank app’s UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch in December.
16722India’s central bank said that there’s a potential for an AI system that would initiate transactions through a conversation.
2412The feature is envisaged as part of the country’s national web browser project.
8158The Supreme Court bench asked the union government to file a report on whether the latter is capable of setting up a federal agency to investigate crypto-related crimes.
10159The Reserve Bank of India listed six specific ways a stablecoin can undermine emerging markets, adding to its mounting case against crypto.
3907The latest Cointelegraph Report analyzes the causes leading to the decline of the U.S. dollar as the world reserve currency and its potential implications.
5116Reserve Bank of India Deputy Governor Mahesh Kumar Jain has told Indian bank directors they should “adopt innovative technologies such as AI and blockchain."
5778In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.
22886One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.
3659The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.
6755Reliance Retail has implemented support for the digital rupee in its gourmet store line Freshpik.
4362Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown.
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