In February, Finance Minister Nirmala Sitharaman announced a digital currency launch. There is still no official regulation on crypto in India. For 2021-22, the Reserve Bank of India (RBI) produced an annual report. One of the numerous subjects covered in the paper is India’s central bank digital currency (CBDC). “The
Indians are now happy to hear the announcement regarding the acceptance of crypto payments within the country. The Indian startup company, Rug Republic recently revealed to begin digital currencies as payment services only for its Indian customers. The global brand shares it will set to accept top 20 cryptocurrencies as
Some banks in India warn customers with RBI notice. RBI clears up the commotion with the further announcement. RBI states that they didn’t ask banks to stop the services of exchanges. Leading banks in India have restricted virtual cryptocurrency services with the statement of RBI given on April 06, 2018.
