India is considering banning cryptocurrencies like Bitcoin while exploring Central Bank Digital Currency (CBDC) benefits. The Reserve Bank of India (RBI) aims to enhance digital rupee adoption through UPI integration.
RBI Governor supports using CBDC to enhance cross-border payments, aiming to reduce costs and improve efficiency in India.
RBI Governor Shaktikanta Das endorses India's CBDC to manage cryptocurrency risks and promote financial stability.
RBI proposes a plug-and-play system to enhance cross-border payment efficiency, aiming for better interoperability among countries but facing the challenge of varying domestic systems.
RBI Governor Shaktikanta Das discussed the challenges and opportunities of implementing Central Bank Digital Currencies (CBDCs) during a global conference.
RBI Governor Shaktikanta Das warns against a rapid CBDC launch, advocating for a gradual approach focusing on robust governance and insights from pilot programs.
India is set to launch the Unified Lending Interface (ULI) platform to improve credit access for small and rural businesses, as announced by RBI Governor Shaktikanta Das.
RBI Governor Shaktikanta Das advises not to rush the system-wide implementation of CBDC, despite the retail pilot having over 5 million users.
Google, Amazon, and Walmart are interested in joining India's e-rupee pilot, says the Reserve Bank of India (RBI).
India aims to release its cryptocurrency policy framework by September, involving key stakeholders like RBI and SEBI.
The RBI and SEBI are collaborating to develop a comprehensive crypto policy for India, with a discussion paper expected in Q3.
Edelweiss Financial Services stock dropped 17% after RBI imposed business restrictions on two of its entities, opening at ₹64, down from ₹77.45.
RBI's monthly bulletin advises retail investors on the risks of cryptocurrencies and DeFi, highlighting a lack of stability and accountability in the crypto ecosystem, and potential for crisis.
Indian benchmark indices, including the Nifty 50, hit record highs after the Reserve Bank of India announced a ₹2.1 lakh crore dividend, raising investor optimism ahead of election results.
Osho Krishan of Angel One recommends investing in Bitcoin and Ethereum, citing their potential for optimal returns amidst current market conditions influenced by the RBI's significant dividend to the government.
In India, the SEBI and RBI have differing views on cryptocurrency regulation, with the ongoing debate reaching government panels.
SEBI in India recommends a multi-agency approach to regulate cryptocurrencies, suggesting separate regulators for different crypto trade aspects. RBI sees crypto as a risk, with concerns over tax evasion and financial stability.
SEBI has suggested multiple regulators to manage India's growing crypto market, contrasting the RBI's strict approach, leading to discussions among Indian financial and crypto communities.
India's SEBI is open to cryptocurrency regulation using a multi-regulator approach, in contrast to the RBI's stance advocating for a stablecoin ban.
India's SEBI has suggested a multi-regulator model for cryptocurrency oversight, while the RBI wants to ban stablecoins.
SEBI in India has proposed a new regulatory framework for cryptocurrencies, which may include a ban on stablecoins. The approach differs from the RBI's perspective and suggests tighter controls on virtual assets.
India's SEBI is open to regulating crypto trading, opposing the RBI, which sees private digital currencies as a macroeconomic risk. A 2021 bill proposing a crypto ban has not been introduced. Recently, India sought global crypto regulation.
SEBI, India's securities regulator, conveys possibility of cryptocurrency oversight, marking a shift from RBI's earlier ban toward a nuanced regulatory stance.
The Securities and Exchange Board of India proposes multi-regulatory oversight for cryptocurrency trading, amidst the RBI's call for a stablecoin ban, according to Reuters.
Muthoot Finance and Manappuram Finance stocks declined over 8% after RBI advised NBFCs to comply with the Income Tax Act for loan cash disbursals, impacting their operational strategies.
India's RBI plans to make its CBDC accessible offline to enhance user experience and promote widespread adoption. The RBI Governor emphasizes ease of use across India's varied demographic while maintaining caution towards cryptocurrencies as potential economic risks.
