Category: Indian Central Bank

Former Indian Central Bank Governor has Made This Bold Claim About Crypto Market

The Indian crypto ecosystem is standing at a crucial juncture as the government is all set to introduce the much-awaited cryptocurrency bill in the parliament during the upcoming winter session. At a time when the crypto market is discussing the next move of the government, former central bank governor Raghuram Rajan has made a bold […]

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Indian Central Bank to issue CBDC in phases: Deputy Governor

Reserve Bank of India (RBI), the Indian central bank is planning a phased roll-out of the central bank-issued digital currencies (CBDC), revealed RBI deputy governor T Rabi Sankar. The phased roll-out plan has been discussed keeping the changes required in the nation’s foreign exchange rules and information-technology laws. “Like other central banks, RBI has also been […]

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India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It

India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It

Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago. Despite the supreme court’s ruling, banks have been citing the RBI circular when dealing with cryptocurrency. RBI Tells […]

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Indian Banks Send Advisory to Customers to Follow RBI guidelines and Refrain from Crypto Transactions

Although crypto trading isn’t illegal in India, big banking institutions in the country are sending their customers advisories to refrain from indulging in crypto transactions. As reported by a local news publication The Hindu, many banks are sending formal warnings to their customers for digital currency transactions. The banks are citing the 2018-rule from the Reserve […]

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RBI Deputy Governor Says Indian Central Bank To Reveal Its CBDC Decision Soon

Amid all the frenzy currently going around India’s crypto ban, we have a fresh update from the deputy governor of the Indian central bank. B.P. Kanungo, the deputy governor of the Reserve Bank of India said that the central bank is closely following the development model for the central bank digital currency (CBDC). The RBI […]

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