Reserve Bank of India News

Indian officials, aligned with the RBI, say the regulator has not changed its stance on crypto emphasizing an outright ban. The Reserve Bank of India (RBI) remains convinced that cryptocurrencies should be banned. The officials, who spoke on the condition…

The Reserve Bank of India (RBI) is making concerted efforts at the global level to devise a common means of regulating or prohibiting unbanked crypto assets.

The Reserve Bank of India (RBI) announced on Friday that it would begin the pilot launch of the e-Rupee for retail transactions.

According to a Business Standard report, uncertainty around cryptocurrencies in India continues as the government is considering blocking the internet protocol (IP) addresses of prominent crypto exchanges in the country. The Inherent Crypto Ban Business Standard added that the government…

India changed a banking ban on crypto trading in March 2020. The government has openly spoken about introducing its cryptocurrency while banning others in the unknown Crypto and Regulation of Official Digital Currency 2021 Bill.  On Wednesday, Reserve Bank of…

On Wednesday, Governor Shaktikanta Das said that India’s central bank has “major concerns” about cryptocurrencies. He flagged potential risks leading to financial stability. Crypto Adoption Woes The Reserve Bank of India (RBI) has been fundamentally opposed to cryptocurrencies ahead of…

India’s central bank, the Reserve Bank of India (RBI) is putting preparations in top gear to file a review petition in the Supreme Court against the court’s verdict in favor of cryptocurrency trading in the state, reports the Economic Times…

The Economic Offences Wing (EOW) of the Tamil Nadu Police has issued a warning against cryptocurrency dealings. Trade Cryptocurrency at Your Own Risk In a press release, the Tamil Nadu Police EOW advised residents of the state not to get…

The Indian Supreme Court has held the initial hearing for the court case between the RBI and the Internet and Mobile Association of India (IAMAI), a not for profit body to enhance online services. The IAMAI appointed Mr. Ashim Sood…

The National Association of Software and Services Companies (NASSCOM), a non-profit trade association made up of firms in India’s information technology and business process outsourcing industry, has kicked against the government’s move to make bitcoin trading as well as transactions…

Owning and using Bitcoin could soon become allowed in India, as the second interdisciplinary committee appointed to vote on the legality of cryptocurrencies is in favor of legalizing it, the New Indian Express reported on December 26, 2018. India’s Harsh…