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Reserve Bank of India

Reserve Bank of India approves firm to deploy blockchain solution for cross-border payments
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1 August, 2022

Reserve Bank of India approves firm to deploy blockchain solution for cross-border payments

Open Financial Technologies, an India-based neo-banking startup, is set to deploy its blockchain-based cross-border transaction monitoring solution after its approval...
Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works
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26 July, 2022

Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works

Ajay Kumar Choudhary stated that the RBI would leverage the Union Budget 2022-23 that gives legal backing to the CBDC...
India finance minister: Digital assets policy needs international collaboration to be effective
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23 July, 2022

India finance minister: Digital assets policy needs international collaboration to be effective

The finance ministry does not support RBI's plan to ban digital assets because a decision to ban them will only...
RBI: Chances of India’s ‘cryptoisation’ limited but still need close monitoring
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6 July, 2022

RBI: Chances of India’s ‘cryptoisation’ limited but still need close monitoring

The Reserve Bank of India states that digital assets don't pose a significant risk because the market is relatively small,...
RBI collaborating with top banks for blockchain-based trade financing pilot project
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29 June, 2022

RBI collaborating with top banks for blockchain-based trade financing pilot project

Top banks currently involved in the pilot include HDFC Bank, ICICI Bank, and State Bank of India (SBI). Axis Bank,...
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...
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