CSAO region becomes global crypto hub with India, Singapore, and Indonesia leading the charge – Chainalysis

The Central and Southern Asia and Oceania (CSAO) region accounted for $750 billion in crypto inflows between July 2023 and June 2024, making it one of the largest crypto markets globally. According to Chainalysis’ 2024 Geography of Cryptocurrency report, the region represents 16.

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India’s central bank proposes ‘plug-and-play’ CBDC framework for cross-border transactions

India's proposed CBDC framework could significantly enhance global financial integration and efficiency in cross-border transactions. The post India’s central bank proposes ‘plug-and-play’ CBDC framework for cross-border transactions appeared first on Crypto Briefing.

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India’s CBDC platform hits 5m users 20 months after pilot launch

Reserve Bank of India Governor Shaktikanta Das urged a cautious CBDC rollout, as the retail pilot now reaches over 5 million users. India‘s central bank digital currency platform has surpassed the 5 million users mark as the country continues to…

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India's CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor

India's central bank Governor Shaktikanta Das has said that while their retail central bank digital currency (CBDC) pilot has over 5 million users, there should not be in any rush to roll out a system-wide CBDC.

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India’s central bank sees risks in CBDC amid financial crisis

India central bank’s Michael Debabrata Patra warns CBDC could be falsely considered as a “safe haven,” increasing bank run risks. Central bank digital currencies, touted for their potential to enhance financial inclusion and reduce settlement risks, may also pose significant…

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Amazon, Google, Walmart seek to join India’s CBDC pilot: report

American payment giants such as GooglePay and AmazonPay are reportedly aiming to participate in the Indian central bank’s digital currency pilot. Top U.S. tech giants such as Amazon and Google are reportedly looking to join India’s central bank digital currency…

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India’s CBDC activity declines sharply after artificial pump: report

India’s digital currency, known as the e-rupee, is experiencing a sharp decline in activity after local banks ceased artificially inflating its metrics. India‘s central bank digital currency (CBDC) appears to be losing momentum, dropping sharply to a fraction of its…

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Indian Payments Authority executive supports RBI’s efforts in CBDC development

Dilip Asbe, the managing director of the National Payments Corporation of India (NPCI), recently voiced his support for the Reserve Bank of India’s (RBI) innovative central bank digital currency (CBDC) initiatives.

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Ravi Menon: Singapore's Middle Way Regulator

Singapore's central bank head has steered a path between Hong Kong's embrace of crypto and India's stifling of it.

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India's Central Bureau of Investigation Appoints Liminal to Manage Seized Digital Assets

India's Central Bureau of Investigation (CBI), the premier investigating police agency in the nation, has appointed digital asset custodian Liminal to manage seized digital assets.

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India emerges as the second-largest crypto market globally despite high taxes

Chainalysis report shows Central & Southern Asia and Oceanic (CSAO) as among the world’s leading cryptocurrency hubs. Meanwhile, India emerged as the second-largest digital assets market by transaction volume.

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India, Nigeria, Vietnam lead grassroots crypto adoption: Report

The index assessed more than 150 nations to determine grassroots cryptocurrency adoption. The Central and Southern Asia and Oceania (CSAO) region dominated the top of the 2023 index. India The post India, Nigeria, Vietnam lead grassroots crypto adoption: Report appeared first on AMBCrypto.

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India explores new features for CBDC amid weak retail activity

The Reserve Bank of India is said to be working with local banks to link the digital version of e-rupee with the country’s national payments system. India’s central bank, the Reserve Bank of India (RBI), is reportedly collaborating with local…

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India working on 5-point crypto legislation as ban is ruled out

Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian central bank, RBI.

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India’s Yes Bank Streamlines Digital Rupee with UPI Integration

Yes Bank plans to integrate India's Central Bank Digital Currency (CBDC), the e-Rupee, with UPI QR codes, enabling users to conduct transactions through its Digital Rupee app. The post India’s Yes Bank Streamlines Digital Rupee with UPI Integration appeared first on BeInCrypto.

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India Central Bank Explores Use of Artificial Intelligence to Make Instant Payments

The Reserve Bank of India (RBI) has proposed integrating artificial intelligence (AI) into its Unified Payment Interface (UPI) system to allow users to initiate and complete payments via voice commands.

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India proposes AI-powered conversational payments system — RBI

India’s central bank said that there’s a potential for an AI system that would initiate transactions through a conversation.

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CBDC: Reserve Bank Of India Urges More Lenders To Embrace Digital Rupee, Sources Say

In an effort to enhance the adoption of the Central Bank Digital Currency (CBDC) and explore the potential of digital currencies, the Reserve Bank of India (RBI) has urged more lenders to participate in digital currency pilot programs.

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Stablecoins Pose 'Existential Threat' to Policy Sovereignty, Says India Central Bank Official: Report

"If large stablecoins are linked to some other currency, there is a risk of dollarization," RBI Deputy Governor Rabi Sankar has said.

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Reserve Bank of India Explores Cross-Border Payments with Digital Rupee

The Reserve Bank of India (RBI) is actively exploring the potential of its digital currency, the digital rupee, for cross-border transactions. The RBI is in discussions with central banks from...

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India negotiates cross-border CBDC payments with global central banks

The CBDC should enhance the country's potential for foreign trade with nations that lack U.S. dollar reserves.

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Reserve Bank of India expects to reach 1M CBDC users in June

Reserve Bank of India (RBI) governor Shaktikanta Das said he expects the e-rupee Central Bank Digital Currency (CBDC) pilot to achieve 1 million retail users by the end of this month. The news comes after early indications suggested the e-ruppe had failed to gain traction last year.

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Indian Central Bank Aims To Reach 1 Million CBDC Users By The End Of June

The Reserve Bank of India (RBI) is strategically working towards acquiring one million active customers on its central bank digital currency (CBDC) or e-rupee by the conclusion of this month. In response to a media inquiry regarding the anticipated launch of CBDC, T Rabi Sankar, the Deputy Governor of the RBI, confirmed, however, that there […]

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India's central bank proposes AI, blockchain adoption for banking sector

The Deputy Governor of RBI suggested the country's banks employ AI and blockchain technologies. The move comes against the backdrop of the Indian government's ambiguous attitude towards cryptocThe post India's central bank proposes AI, blockchain adoption for banking sector appeared first on AMBCrypto.

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

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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Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI

India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry.

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India is targeting one million CBDC users in three months

As the world of cryptocurrency continues to expand, India is aiming to the lead in embracing this digital frontier.  According to reports, with its ambitious retail central bank digital currency (CBDC) project, India aims to bring the digital rupee to…

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India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources

Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December.

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India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users

India's central bank is advocating for legislation that will allow users of its retail central bank digital currency (CBDC) to delete any transactions in order to maintain anonymity.

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India and UAE work towards joint CBDC

In a significant move towards fostering innovation in the financial sector, the Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) have signed a memorandum of understanding (MoU) in Abu Dhabi. The MoU aims…

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India and UAE to Collaborate on Developing Digital Currencies

India and the United Arab Emirates (UAE) will collaborate on central bank digital currencies (CBDCs) by jointly conducting at least one pilot.

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India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50K users

The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.

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Unpacking India's CBDC Pilots as Country Prepares for Digital Rupee

India wants to launch its central bank digital currency at a national level by the end of 2023, but early into its pilot, the Reserve Bank of India has identified challenges.

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The world must take a ‘collective action’ approach to regulations — India’s finance minister

Nirmala Sitharaman hopes that finance ministers and central bank governors can agree on crypto regulations at the G20 meeting in Bengaluru later this month.

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India's Reliance Retail, Other Merchants Now Accepting Digital Rupee

India's central bank digital currency known as the digital rupee will start getting accepted as a retail payment by some of the biggest merchants in the nation including Reliance Retail, India's largest retail chain.

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Indian retail giant to accept CBDC payments for goods

India’s largest retail chain Reliance Retail has begun accepting payments in the country’s Central Bank Digital Currency (CBDC), TechCrunch reported. The post Indian retail giant to accept CBDC payments for goods appeared first on CryptoSlate.

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Indian IT Minister Refutes Central Bank’s Stance On Crypto

India’s junior minister of electronics and information technology (IT), Rajeev Chandrasekhar, has recently released a statement about crypto that is not in consonance with the central bank’s view.

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Crypto Speculation Has Had Its “Comeuppance”: Raghuram Rajan

But that shouldn’t disqualify blockchain technology, and regulators should steer clear of extreme measures, the former governor of India’s central bank told CoinDesk in Davos.

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Crypto Speculation Has Had Its 'Comeuppance': Raghuram Rajan

But that shouldn’t disqualify blockchain technology, and regulators should steer clear of extreme measures, the former governor of India’s central bank told CoinDesk in Davos.

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India’s Draconian Take On Crypto, Is It Aiming For A Blanket Ban?

The Central Bank of India has been displaying strong hostility towards crypto for a long time now. Ever since cryptocurrency has gained popularity in a nation that inhabits 17. 7% of the world’s population, the Reserve Bank of India (RBI) has been eyeing ways to regulate the sector.

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India’s Central Bank Head Calls for Blanket Ban on Crypto

RBI governor Shaktikanta Das remains highly skeptical of cryptocurrencies

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Why Crypto Is ‘Nothing But Gambling’ To India’s Central Bank Governor

Reserve Bank of India Governor Shaktikanta Das has no love for crypto. In fact, he wants to get rid of it through an outright ban, saying that these “are nothing but gambling. ” Das said in his speech at a conference on Friday that RBI’s stance on cryptocurrency remains unchanged.

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India’s central bank governor calls for ban on crypto, compares it to gambling

Reserve Bank of India (RBI) governor Shaktikanta Das called for a ban on crypto during a recent conference, according to a January 13. The post India’s central bank governor calls for ban on crypto, compares it to gambling appeared first on CryptoSlate.

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Crypto Will Trigger Next Financial Crisis If It’s Not Totally Banned, Warns Indian Central Bank Chief

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Indian central bank governor calls for crypto ban, champions CBDCs

India’s Central Bank Governor Shaktikanta Das said private crypto assets like Bitcoin (BTC) could cause the next financial crisis and should be banned as they carry “huge inherent risk,” CNBC reported on December 21.

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India Central Bank Chief Warns of Impending Crypto-led Financial Crisis

Indian central bank Governor Shaktikanta Das said that private cryptocurrencies could lead to the next financial doomsday. The post India Central Bank Chief Warns of Impending Crypto-led Financial Crisis appeared first on BeInCrypto.

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Next Financial Crisis Will Be From Crypto if It's Not Banned: Indian Central Bank Governor

India's central bank Governor Shaktikanta Das has predicted that the next financial crisis will come from private cryptocurrencies if these are regulated and not banned outright.

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e-Rupee: India launches first central bank digital currency

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…

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India to Test Digital Rupee in 4 Cities With 4 Banks

India's central bank will start testing its retail central bank digital currency (CBDC) in the cities of Mumbai, New Delhi, Bengaluru and Bhubaneswar with the initial participation of four banks.

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