e-Rupee: India launches first central bank digital currency

2022-12-3 18:51

India launched the e-Rupee in four cities, New Delhi, Bengaluru, Mumbai and Bhubaneswar. This Central Bank Digital Currency (CBDC) is a digital form of cash for retail transactions. Bank of India, Yes Bank, ICICI Bank, and IDFC Bank will offer… origin »

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bank india → Результатов: 126

India’s Central Bank Chief Sees Crypto as Potential Disruptor of Monetary Tools

The Reserve Bank of India's governor has questioned whether governments can accept private cryptocurrencies functioning as currency, warning that this shift could disrupt central bank control.

2024-10-28 15:42	News
bank india central currency functioning cryptocurrencies warning

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India’s central bank starts digital rupee pilot

The Reserve Bank of India (RBI) will debut a pilot for its central bank digital currency (CBDC) targeting the wholesale segment, the bank announced on Monday. India is one of the countries with the highest number of cryptocurrency users, and while the government’s approach to crypto trading has been more unwelcoming, its been the opposite […] The post India’s central bank starts digital rupee pilot appeared first on Invezz.

2022-10-31 18:38
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India’s central bank plans CBDC launch in 2022 with help from fintechs, public banks

The Reserve Bank of India (RBI) is engaged in talks with fintech companies and four public sector banks to pilot Central Bank Digital Currency (CBDC) project, with a potential launch planned later in 2022, Moneycontrol reported September 5.

2022-9-7 21:02	CBDCs
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CBDCs Will ‘Kill’ Crypto, Reserve Bank of India Governor Says

Reserve Bank of India Deputy Governor T. Rabi Sankar says with complete confidence that digital bank assets or CBDCs will ultimately pull the plug on cryptocurrencies such as Bitcoin, Ethereum, and others.

2022-6-5 20:40
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Coinbase Positive About India Return But Will the Central Bank Soften its Crypto Stance?

Coinbase CEO Brian Armstrong revealed that its decision to shutter business in India was prompted by 'informal pressure' from the country's central bank. The post Coinbase Positive About India Return But Will the Central Bank Soften its Crypto Stance? appeared first on BeInCrypto.

2022-5-12 08:33	coinbase news
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Bitcoin Ban "Most Advisable Choice," Says Deputy Governor of India's Central Bank

In a first, India's top central bank official has called for banning cryptocurrencies

2022-2-14 18:48
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State Bank of India Joins JPMorgan’s Ethereum-Forked Blockchain Payment Network, Liink

State Bank of India (SBI), the largest bank in India, has announced a partnership with US bank JPMorgan to use its blockchain-based technology to enhance international transactions. The government-owned bank explained that the partnership would help reduce transaction costs and time to execute customers' payments.

2021-2-23 22:38
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India’s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market

The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment services within India.

2021-2-6 16:15
bank india payments paypal currency decision rbi

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Партнер Ripple Nium объединяет усилия с SBM Bank India

Nium, являющийся партнером Ripple, теперь сотрудничает с SBM Bank India для улучшения денежных переводов. Партнер Ripple Nium подписал документ о сотрудничестве с SBM Bank India, чтобы поддержать местный рынок денежных переводов и расширить его.

2020-8-3 16:54
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India’s Central Bank Asserts Cryptocurrencies Have Not Been Banned

India’s central bank, the Reserve Bank of India (RBI), has clarified that it has not prohibited cryptocurrencies in the country. Rather, authorities are focused on enacting regulations to prevent illegal financial activities.

2020-1-22 13:48
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India: RBI Mulling State-Owned Cryptocurrency

The Reserve Bank of India (RBI), India’s central bank, has become the latest central bank with plans to launch a central bank digital currency otherwise known as CBDC. Despite looking into the possibility of launching a ‘crypto-rupee’, the RBI still maintains its anti-cryptocurrency stance.

2019-12-7 10:00	Regulation
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190 Indian Bank Branches Raided in Massive Fraud Crackdown

India’s Central Bureau of Investigation has reportedly raided over 190 bank locations nationwide in an effort to crack down on fraud involving at least 15 banks. As many as 1,000 officers were involved in what is now one of the largest coordinated searches in India this year.

2019-11-6 12:03	News
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Reports Say Reserve Bank of India (RBI) is Postponing Plans for a National Cryptocurrency

According to the Indian news outlet the Hindu Business Line, the Reserve Bank of India (RBI) is pausing its plans to create a national cryptocurrency. Back in 2018, the central bank of India announced that it was analyzing the possibility of launching a central bank digital currency (CBDC). At that time, the bank created a […]

2019-1-2 17:44	News
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CONFIRMED Reserve Bank Of India Interested In Crypto After All

After an all out assault on cryptocurrencies in India by the central bank – The Reserve Bank of India (RBI) many speculated around why the RBI had decided to essentially bank cryptocurrency trading in the country.

2018-8-31 08:00	Cryptocoins
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India Central Bank Considers Using a Digital Currency for Payments

Despite its fierce battle against cryptocurrency, India’s Central Bank, The Reserve Bank of India has set out to create a digital currency to be used for payments in the country. According to the Bank’s 2017-2018 annual report published on Wednesday, a committee of members from different departments has been set up to look into the […] The post India Central Bank Considers Using a Digital Currency for Payments appeared first on ZyCrypto.

2018-8-30 16:14	Payments
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India’s Apex Bank Forms New Unit to Handle Blockchain Regulations

The Reserve Bank of India (RBI) – the country’s apex bank, has set up a department tasked with monitoring developments in cryptocurrency, blockchain technology, and artificial intelligence. This move comes as commercial banks are still prohibited from facilitating cryptocurrency transactions and the Supreme court decision on the matter expected later in September 2018.

2018-8-27 19:29	Reserve Bank of India
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Court Says India’s Crypto Trade Bank Account Boycott Will Continue

India’s highest court has declined to end a ban enacted by the national central bank that bars the country’s crypto exchanges from doing business with regulated financial firms. Bloomberg reported Tuesday that the Indian Supreme Court, led by Chief Justice Dipak Misra, said that the Reserve Bank of India’s (RBI) prohibition on providing services to crypto-related

2018-7-3 21:52
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India's Central Bank Admits to Banning Crypto Accounts Without Research

]In a fresh new twist, the Reserve Bank of India (RBI) has admitted to issuing its ban on cryptocurrency-related accounts spontaneously, without taking time to study and understand how cryptocurrencies work.

2018-6-13 23:40	Regulation
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Reserve Bank of India (RBI) to allow crypto trading in India, with conditions

The Reserve Bank of India (RBI) is planning to allow cryptocurrency trading with some level of restrictions. After a rather long wait for the cryptocurrency market in India, the financial regulator and institution; The RBI has announced, according to reports from Congencis, that the government is against the ban of cryptocurrencies in the country.

2018-6-13 17:39	RBI
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India’s Central Bank Carried No Research Prior to Banning Crypto Bank Accounts

India’s Central Bank has admitted they undertook no research prior to issuing a notice on April 6th 2018 prohibiting banks from offering services to crypto-exchanges. In a request for information.

2018-6-13 16:51	Politics
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India ‘Not in Favor’ of Banning Cryptocurrency (Reports)

The Indian government is reportedly “not in favor” of banning cryptocurrency, new sources claim June 13. Gov’t vs. Central Bank Citing local financial company Cogencis, local news media outlet Economic Times said a dedicated panel studying cryptocurrency “may suggest allowing cryptocurrency,” but with undisclosed “riders” – or provisos – about its usage.

2018-6-13 16:00	Reserve Bank of India
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Are The Reserve Bank Of India About To Admit Their Mistake?

The Reserve Bank of India (RBI) hit the headlines a few months ago through their sudden decision to cut out cryptocurrency activities within their personal and corporate customers. To keep a long story short, they decided to state that they would not provide banking or financial services to anyone who engaged within cryptocurrencies.

2018-6-13 15:30	Cryptocoins
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India’s Central Bank Remains Mum on Crypto Boycott Reasoning

Shri Varun Sethi, who presents himself as a “blockchain lawyer,” requested clarifications from RBI under the country’s Right to Information Act. According to the answers provided, the decision didn’t result from any kind of special research or deliberation by the regulator.

2018-6-13 00:03
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Reserve Bank of India Admits Issuing Crypto Ban Without Research

RBI, the central bank of India, has not made a proper effort to thoroughly research the nature and usage of cryptocurrencies before issuing its crypto ban. This is according to a reply sent by the bank to a Right to Information query filed by a lawyer.

2018-6-13 20:58
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India’s Birla Group-backed business school launches in-house crypto, BIMCOIN

Birla Institute of Management Technology, a premier business school in India, has launched its in-house cryptocurrency for use on campus. Dubbed BIMCOIN, the cryptocurrency will help enable transactions between students, vendors, and administrators while also serving as a practical tool…

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Bybit halts services in India amid regulatory pressure

Crypto exchange Bybit has announced that its temporarily halting its services in India amid crypto regulation and compliance issues. The exchange will suspend all products and services as from January 12, 2025 at 8:00 am UTC, an update published on Jan 10 noted.

India is working with Google and Facebook to tackle crypto pig butchering scams

India is working with tech giants Google and Facebook to combat a surge in pig butchering scams, which often involve cryptocurrencies being used both as a hook to lure victims and a tool to launder the stolen funds. According to…

Crypto poses risks to India’s financial stability: RBI

Cryptocurrencies, including stablecoins, pose significant risks to financial stability, according to the Reserve Bank of India. Reiterating its long-held anti-crypto stance, the RBI highlighted the various risks involved with digital assets in its Dec. 30 Financial Stability Report for 2024.…

Income tax raids in India reveal connection between Hawala and crypto, $2m confiscated

Hawala networks and crypto transactions have emerged as part of a complex money laundering plot that the income tax authorities in Jaipur have uncovered.

2022-12-3 18:51

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