India's RBI Intends to Push G-20 to Focus on Crypto's Macro Risks

2023-5-30 15:02

India's central bank is trying to expand the global narrative around cryptocurrencies beyond "financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.

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UNCTAD Report Pegs India’s Crypto Adoption at 7.3%, Kicks off Debate about Regulation

A recent UNCTAD policy brief says every seventh person in India held a cryptocurrency in 2021, and the largescale adoption in absence of regulations poses risks of financial instability. Released on August 12, the UNCTAD report sparked a fresh debate about India’s crypto regulation bill that the government planned to bring to parliament at least twice last […]

2022-8-26 00:37


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India’s Central Bank Cites Financial Instability Due to Cryptocurrencies

On Wednesday, Governor Shaktikanta Das said that India’s central bank has “major concerns” about cryptocurrencies. He flagged potential risks leading to financial stability. Crypto Adoption Woes The Reserve Bank of India (RBI) has been fundamentally opposed to cryptocurrencies ahead of the government’s plans to introduce a law to ban this form of assets and instituteRead More

2021-2-25 00:00


$28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail

An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him - but not before he defrauded victims out of $28 million. 'Hybrid crypto' with low risks and high returns India's Special Task Force (STF) arrested Sydney resident Harpreet Singh Sahni in a hotel near the […] The post $28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail appeared first on CCN Markets

2019-8-8 17:59


Indian Central Bank Being Pushed to Include Crypto in its Regulatory Sandbox

NASSCOM: Including crypto would help RBI develop a better understanding of risks Payments Council of India says crypto should be a part of the sandbox as there is no outright bank  Technology industry lobby groups along with startup founders are asking the banking regulator, Reserve bank of India to include cryptocurrency in its proposed regulatory […]

2019-5-16 20:28