India weighs crypto ban as it pushes for digital rupee adoption

2024-10-22 13:44

Regulators in India are considering banning cryptocurrencies like Bitcoin and Ether and are instead, promoting the use of the digital rupee. On Oct. 22, local media outlet the Hindustan Times cited two officials familiar with the matter who claimed that…

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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


RBI Governor Believes Crypto has ‘Major Concerns’ While Teasing the Launch of a Digital Rupee

In an exclusive interview with CNBC TV18, Shaktikanta Das, the Reserve Bank of India (RBI) governor, said the central bank has “major concerns on cryptocurrencies. ” The central bank has already communicated the government's concerns, who will “take a call,” and if required, Parliament will also decide on regulating crypto.

2021-2-26 21:24


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Is India planning to ban cryptocurrency?

India is on the brink of a pivotal decision regarding cryptocurrencies as the government deliberates a potential ban on private digital currencies. The focus is now shifting towards the development of a Central Bank Digital Currency (CBDC) – the digital rupee.