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Reserve Bank of India

India IT minister wary of digital currencies, sides with RBI for cautious approach
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7 April, 2023

India IT minister wary of digital currencies, sides with RBI for cautious approach

Rajeev Chandrasekhar pointed out that since digital currencies intersect with the macroeconomy and financial sector, a separate regulation must be...
India, UAE central banks collaborate on CBDCs with cross-border features
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19 March, 2023

India, UAE central banks collaborate on CBDCs with cross-border features

Building on their individual plans to improve the payments system, the central banks of India and the United Arab Emirates...
India expects digital currency firms to comply with national money laundering legislation
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10 March, 2023

India expects digital currency firms to comply with national money laundering legislation

Firms offering digital currency services in India are now covered by the PMLA of 2002, under which they are mandated...
India considers offline functionality of CBDC: RBI
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8 March, 2023

India considers offline functionality of CBDC: RBI

Reserve Bank of India Executive Director Ajay Kumar Choudhary said that since the CBDC will have all features of physical...
Reserve Bank of India: CBDC will not replace other payment methods despite initial successes
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3 March, 2023

Reserve Bank of India: CBDC will not replace other payment methods despite initial successes

RBI's Deputy Governor Rabi Sankar assured that existing payment services in India will remain and that exploring use cases of...
India explores cross-border payment functionality with Singapore
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26 February, 2023

India explores cross-border payment functionality with Singapore

The UPI-PayNow integration will provide a seamless cross-border transaction between India and Singapore, with citizens of both nations being able...
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