At a session titled “Digital Rupee: A Way Forward.” Executive director of the Reserve Bank of India Ajay Kumar Choudhary said that adopting digital currency will greatly improve system operating efficiency and advance financial inclusion. Furthermore, Choudhary argues that transitioning to a digital rupee will provide new levels of stability.
CoinSwitch, an Indian crypto app has released a report, detailing the nuances of the crypto activities in the nation. “India’s Portfolio 2022” is an encyclopedic record of the people and region regarding crypto and other virtual Defi assets. CoinSwitch tweeted: Which Indian city leads crypto adoption?Which cryptos does India love
The Reserve Bank of India (RBI) stated on Tuesday that it would begin testing its retail central bank digital currency (CBDC), the digital rupee, in Mumbai, New Delhi, Bengaluru, and Bhubaneswar with the first cooperation of four banks: State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank.
At Friday’s 21st World Congress of Accountants, Union Finance Minister of India Nirmala Sitharaman forecasted that the introduction of Web3 will revolutionize the management of financial data. The 21st World Congress of Accountants was hosted in India. And was co-organized by the International Federation of Accountants (IFCA) and the Institute
According to Changpeng Zhao, the CEO of Binance, India is not much of a crypto-friendly nation. During a recent crypto conference, the head of the world’s leading exchange platform attributed that the current Indian market is unviable to expanding Binance’s operations. Changpeng Zhao stated: To be honest, I don’t think
The CBDC pilot programme at India’s central bank began earlier today. The RBI has released the digital rupee, commonly known as the e-rupee. Although cryptocurrency is not permitted on Indian soil, Central Bank Digital Currency (CBDC) has been met with official support. The Reserve Bank of India (RBI) said in
Indian police created the first-ever complaints web portal on Polygon blockchain. All FIR and complaints will be corrupt-free and immutable. After introducing a new police complaint system that utilizes blockchain technology to avoid corruption, the Indian Police has built the country’s first complaints web portal on the Polygon blockchain. The
The paper provides a concise overview of the rationale for the launch of CBDC. Since its inception, the RBI has been wary of public blockchains and cryptocurrencies. In a 51-page memo released on October 7, the Reserve Bank of India (RBI) detailed the planned characteristics and rationale for the central
CoinW Exchange plans to host in-person events and engage with local Indian KOLs. The Indian blockchain sector has raised over $627M via 16 fundraisings this year. CoinW is a leading cryptocurrency exchange that has made security and compliance deployments a priority from the start. CoinW was founded in 2017, and
Separately, it froze almost $550,000 in a combination of US Dollars and WRX. The accused was captured on September 25 by ED. The top Indian financial crime investigation agency has blocked an account on Binance containing 85.9 bitcoins, or around $1.6 million, in connection with a gaming software fraud case
