2018-7-12 04:22 |
An anonymous source in the government told news outlet Quartz that the Indian government is not planning to ban crypto, but rather will treat it as commodity
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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…
The Yes Bank app’s UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch in December.
The feature is envisaged as part of the country’s national web browser project.
In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.
The Reserve Bank of India (RBI) is making concerted efforts at the global level to devise a common means of regulating or prohibiting unbanked crypto assets.
The Reserve Bank of India (RBI) announced on Friday that it would begin the pilot launch of the e-Rupee for retail transactions.
With authorities in India still unsure on how to deal with the crypto industry, the apex bank of the Asian country has reportedly made it clear that it would prefer the country to tow the China path by completely banning crypto.