News with the tag "reserve bank of india"

On his final day in office, outgoing Reserve Bank of India (RBI) Governor Shaktikanta Das reaffirmed the transformative potential of India’s central bank digital currency (CBDC), commonly called the digital rupee. Speaking during his farewell address on December 10, Das reflected on his six-year ten...

Outgoing Reserve Bank of India Governor Shaktikanta Das envisions the digital rupee revolutionizing India’s economy, emphasizing gradual CBDC adoption.

India and America have been t ight for decades. From counterterrorism to trade and holding back China’s influence in the Indo-Pacific, these two giants have stood side by side. Their partnership has only grown stronger over the years, especially after India was tagged as a “Major Defense Partner” of...

India is enhancing its cross-border mobile payment systems and exploring CBDCs, collaborating with nations like Sri Lanka and the UAE to establish seamless payment platforms while ensuring thorough assessments before the Digital Rupee's public rollout. The post India Explores CBDCs and Cross-Border ...

According to the Atlantic Council, 134 countries are currently exploring CBDCs in different phases — including every G20 country.

India’s Reserve Bank is approaching its CBDC, the e-rupee, with patience, focusing on financial stability and gradual adoption. With slow initial uptake and pilot programs for retail and wholesale use, the RBI emphasizes understanding the impact of digital currencies before full rollout. The post In...

Binance has played a pivotal role in assisting India’s Enforcement Directorate (ED) in dismantling a $47.6 million gaming scam linked to the Fiewin app. The post Binance Aids India’s Enforcement Directorate in Busting $47.6M Fiewin Gaming Scam appeared first on Cryptonews .

The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the importance of gradual central bank digital currency (CBDC) ...

India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions.

The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feed...