Recent years have seen a rise in the use of cryptocurrency in India—a digital money that runs without the need for a centralized authority. The emergence of cryptocurrencies in the nation has spurred concerns about how they may affect other…
Reserve Bank of India Gives a Serious Warning to Indian Crypto Enthusiasts
A severe warning has just been issued to everyone in India who invests in cryptocurrency by Reserve Bank of India governor Shaktikanta Das. He wants people to be aware that investing in these virtual currencies has some extremely high dangers.…
Reserve Bank of India(RBI) Governor Mr.Das says Crypto must be banned and compares it to gambling
RBI (Central Bank) has been playing the ban game for a while and ruling against its citizens to have control over the Indian currency. They have gone to the extent of not allowing fiat to crypto transfer and even taxing…
India’s RBI Announces Pilot Launch Of ‘Digital Rupee’ For ‘Specific Use Cases’
The Central Bank of India, the Reserve Bank of India, has announced that the pilot project for central bank digital currency (CBDC) will start tomorrow. The trial of Digital Rupee (e₹) for particular use cases was launched by the RBI…
Reserve Bank of India Now Looking to Unveil CBDC
The Reserve Bank of India has published a booklet with a section speaking exclusively about cryptocurrencies. The central bank through the booklet acknowledged that cryptocurrencies have gained in popularity in the last few years and confirmed that it was exploring…
Indian Supreme Court Delays hearing on Crypto Ban
The Indian Supreme Court has decided to delay its full hearing of a high profile case against the reserve bank of India’s (RBI) ban on bank’s dealings with crypto-related businesses. Kashif Raza, who is the founder of Indian crypto regulatory…
Indian Investors Warned off Crypto by Local Authorities
Even as crypto enthusiasts look forward to a possibly sunnier 2019 when it comes to the crypto markets, some jurisdictions are casting heavy clouds on that possibility. The police in the Indian state of Jahmu and Kashmir have issued a…
India’s Top Bank Discreetly Forms a Unit to Look into Crypto
A new internal unit has been established by the reserve bank of India according to reports. This unit will be tasked with conducting research and regulating emergent technologies. The unit will specifically focus on cryptocurrencies, artificial intelligence (AI) and blockchain…