indian central bank

India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses

August 1, 2024 Bitcoin.com

bitcoin.com

India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement cash and existing payment systems, serving both wholesale and […]

Read more

Trump appoints former college football player Bo Hines to head crypto council

Indian Central Bank Chief Insists Crypto Should Be Banned — Warns ‘It Will Undermine Authority of RBI’

January 16, 2023 Bitcoin.com

bitcoin.com

India’s central bank has reiterated its stance on banning cryptocurrencies like bitcoin and ether. The governor of the Reserve Bank of India (RBI) likened cryptocurrency trading to gambling. He warned that crypto “will undermine the authority of the RBI and lead to the dollarization of the economy.” RBI’s Governor Wants Crypto Banned The governor of […]

Read more

Trump appoints former college football player Bo Hines to head crypto council

RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks

November 30, 2022 Bitcoin.com

bitcoin.com

India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then expand to cover nine more cities across India. RBI Picks 8 Banks, 13 Cities to Test Retail Digital Currency The […]

Read more

Trump appoints former college football player Bo Hines to head crypto council

India’s Central Bank RBI Publishes Digital Currency Details — Confirms Digital Rupee Pilot Launching ‘Soon’

October 9, 2022 Bitcoin.com

bitcoin.com

India’s central bank, the Reserve Bank of India (RBI), says it will soon commence “limited pilot launches” of the country’s digital currency (digital rupee) for specific use cases. The central bank explained that “multiple technological options shall be tested and based on the outcomes, the final architecture shall be decided.” RBI Prepares to Launch Digital […]

Read more

Trump appoints former college football player Bo Hines to head crypto council

Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration

July 19, 2022 Bitcoin.com

bitcoin.com

India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international collaboration.” Indian Finance Minister on Crypto Ban and Regulation Indian Finance Minister Nirmala Sitharaman answered some […]

Read more

Trump appoints former college football player Bo Hines to head crypto council

Indian Central Bank RBI: Cryptocurrencies Are a Clear Danger — Financial Stability Risks Likely to Grow

July 4, 2022 Bitcoin.com

bitcoin.com

India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.” RBI on Crypto’s Danger and Financial Stability Risks The Reserve Bank of India (RBI) released the 25th issue of its Financial Stability Report (FSR) Thursday. RBI […]

Read more

Trump appoints former college football player Bo Hines to head crypto council

RBI Official: Central Bank Digital Currencies Could Kill Cryptocurrencies

June 4, 2022 Bitcoin.com

bitcoin.com

Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar says central bank digital currencies could “kill whatever little case there could be” for cryptocurrencies, like bitcoin and ether. RBI’s Deputy Governor Discusses Impact of CBDCs on Cryptocurrencies RBI Deputy Governor T. Rabi Sankar talked about the potential impact of central bank digital currencies (CBDCs) […]

Read more

Trump appoints former college football player Bo Hines to head crypto council

India’s Digital Currency to Take ‘Very Calibrated, Graduated’ Approach, Says RBI Deputy Governor

April 9, 2022 Bitcoin.com

bitcoin.com

Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it in a very calibrated, graduated manner, assessing impact all along the line,” he explained. RBI’s Deputy Governor Discusses Indian Central Bank Digital […]

Read more

Trump appoints former college football player Bo Hines to head crypto council

RBI Deputy Governor: Banning Crypto Is ‘Most Advisable’ for India, Regulation Is ‘Futile’

February 15, 2022 Bitcoin.com

bitcoin.com

A deputy governor of India’s central bank, the Reserve Bank of India (RBI), likens cryptocurrencies to Ponzi schemes, emphasizing that they cannot be regulated. “It would be futile to regulate cryptocurrencies,” he claims, stating that they should be banned. RBI’s Deputy Governor Sees Crypto Ban as ‘the Most Advisable Choice Open to India’ A deputy […]

Read more

Trump appoints former college football player Bo Hines to head crypto council

India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI

February 2, 2022 Bitcoin.com

bitcoin.com

The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-23, Indian Finance Minister Nirmala Sitharaman said during her budget speech. RBI’s Digital Currency, the Digital Rupee, Coming Soon India’s finance minister, Nirmala […]

Read more

Trump appoints former college football player Bo Hines to head crypto council