Mon, November 25

India Pushes Plug and Play System for CBDC Interoperability

India is taking significant steps toward enhancing cross-border payment efficiency by proposing a plug-and-play system for Central Bank Digital Currencies (CBDCs).  Shaktikanta Das, Reserve Bank of India (RBI) Governor, emphasized the importance of interoperability in cross-border payments. Recently, Das highlighted that interoperability should be a key design element to maximize

August 28, 2024 2 mins read

India to Unveil Crypto Policy Discussion Paper by September

Economic Affairs Secretary Ajay Seth revealed that India will release a discussion paper on its cryptocurrency policy before September. This document seeks stakeholder feedback and will outline potential regulatory frameworks beyond the current focus on anti-money laundering (AML) and counter-terrorism financing (CTF) standards. According to the local news outlet, this

July 25, 2024 1 min read

“Cryptocurrencies Are Big NO To CBDC”, Says RBI Governor

In a recent candid interview with a popular media platform, the Reserve Bank of India (RBI) Governor, Shaktikanta Das made it clear that cryptocurrencies are a firm “no” for the central bank. However, he didn’t shy away from acknowledging the merits of blockchain technology, particularly in the RBI’s Central Bank

January 23, 2024 2 mins read

RBI’s Request to Include “Ban” in Reports Denied by FSB & IMF

G20, an intergovernmental forum supported by the FSB and IMF under the Indian Presidency, set to introduce the first global crypto regulations ahead of the next summit in September. This announcement comes after the G20 revealed global rules for crypto firms with no options. Adding to that, the RBI wants

August 17, 2023 2 mins read

Reserve Bank of India Eyes 1 Million Users of Digital Rupee

Reserve Bank of India (RBI) Deputy Governor T. Rabi Shankar remarked on Thursday, June 8 after the monetary policy announcements that the RBI aims to reach one million users of the RBI’s digital currency, also known as the Digital Rupee. Keep in mind that the Reserve Bank of India (RBI)

June 9, 2023 2 mins read

India and UAE To Test CBDC Interoperability

India’s central bank, the Reserve Bank of India (RBI), announced its partnering with the Central Bank of UAE (CBUAE). This collaboration enhances both countries’ Central Bank Digital Currency (CBDC) transactions of remittances and trade. Both the central banks signed the Memorandum of Understanding (MoU) on Wednesday in Abu Dhabi to

March 17, 2023 1 min read

RBI Says, CBDC Is an Alternative for Cryptocurrency

Ajay Kumar Choudhary, Executive Director of the Reserve Bank of India (RBI) let out glimpses of the CBDC plan. The central government of the nation and the union bank are in process of building CBDC as a replacement for crypto. Ajay is confident over the fact, CBDC will emerge as

March 8, 2023 1 min read

RBI Governor Says G20 Summit Members to Plan Crypto Ban

Shaktikanta Das, the governor of the Reserve Bank of India (RBI), asserts that some G20 members want to consider outright banning cryptocurrencies. Officials from the G20’s finance ministries and central bankers appeared to be in accord about regulating the digital currency.  As per the report, the G20 summit, which India

February 27, 2023 1 min read

Cryptocurrencies Will Cause the Next Financial Crisis, Says RBI Governor

Shaktikanta Das, the Governor of India’s central bank, The Reserve Bank of India (RBI), has issued a cautionary statement regarding cryptocurrencies. On Wednesday, the RBI governor declared that private cryptocurrencies will create the next financial catastrophe. He added that he still believes in the need for cryptocurrency regulation. Shaktikanta stated: 

December 21, 2022 2 mins read

RBI to Trial CBDC With the Participation of Public-Sector Banks

RBI asked four government-owned banks to participate in the CBDC trial. Recently, the RBI declared that the CBDC will launch in 3 stages. Ahead of the launch of the central bank digital currency (CBDC), India’s central bank, the Reserve Bank of India (RBI), has reportedly requested four government-owned banks to

September 7, 2022 2 mins read