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India

Reserve Bank of India deputy gov confirms 2023 launch for CBDC
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15 June, 2022

Reserve Bank of India deputy gov confirms 2023 launch for CBDC

T. Rabi Sankar's statement echoes the RBI's revelation in its annual report released earlier this month, where it said it...
India’s tax office clarifies website typo, 1% TDS for digital currency transactions stands
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14 June, 2022

India’s tax office clarifies website typo, 1% TDS for digital currency transactions stands

The clarification came after some observers noted that the TDS rate on the Income Tax Office's website was changed to...
Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies
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12 June, 2022

Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies

Speaking at a webinar series organized by the IMF, RBI Deputy Governor T. Rabi Sankar stated that the Indian central...
India digital currency consultation paper with IMF and World Bank coming soon
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5 June, 2022

India digital currency consultation paper with IMF and World Bank coming soon

The paper is a result of consultations made both with local digital currency industry key players and international organizations like...
Reserve Bank of India lists CBDC introduction as one of major initiatives for 2022-23
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1 June, 2022

Reserve Bank of India lists CBDC introduction as one of major initiatives for 2022-23

In its annual report published recently, the Reserve Bank of India proposed a three-stage "graded approach" to introduce a central...
India: central bank governor maintains stance, says digital currencies have no value
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28 May, 2022

India: central bank governor maintains stance, says digital currencies have no value

Reserve Bank of India Governor Shaktikanta Das reminded that before the market crash, the RBI had been warning of the...
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