RBI on cryptocurrency

Top officials of the Reserve Bank of India (RBI) reportedly have told a parliamentary panel that cryptocurrency might lead to “dollarisation” of a portion of the economy, which would be detrimental to India’s national interests. According…

The Reserve Bank of India's deputy governor T Rabi Sankar on Monday said that banning crypto currency is perhaps the most advisable choice open to India, news agency ANI quoted him as saying. “We have examined the arguments proffered by…

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<!-- -->RBI report said separate legislation must be made to prevent illegal digital lendingA working group of the Reserve Bank of India (RBI) has recommended setting up a self-regulatory organisation covering participants in digital…

<!-- -->RBI governor Shaktikanta Das has said that there are serious issues related to cryptocurrenciesDays after stating that new-age currencies pose serious threat to the macro-economic and financial stability of the country,…

<!-- -->Many Bollywood actors have started endorsing cryptocurrency and launched their NFTs tooCryptocurrency has not just caught the imagination of an average Indian keeping a tab on the index rising gradually from some corner of the…

Amid the growing hold of cryptocurrencies across the world and suggestions that India could develop its own digital currency, Union finance minister Nirmala Sitharaman said that such a decision has to be thought through. Citing the example…

Shaktikanta Das, the Governor of the Reserve Bank of India (RBI) expressed on Thursday, at an event organized by The Indian Express and Financial Times, that the central bank continues to have ‘serious and major’ concerns regarding…

Cryptocurrency bill, the much-awaited legislation to regulate virtual currency in India, is expected to be taken up by the Union Cabinet soon. A high-level committee headed by the secretary (economic affairs) had already submitted the…