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Reserve Bank of India

India’s Reserve Bank concerned digital currencies will impact financial stability
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27 February, 2021

India’s Reserve Bank concerned digital currencies will impact financial stability

Reserve Bank of India Governor Shaktikanta Das said the central bank has “major concerns” regarding digital currencies.
India to explore blockchain, Bitcoin still not legal tender: finance minister
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5 February, 2021

India to explore blockchain, Bitcoin still not legal tender: finance minister

Minister Anurag Singh Thakur recently clarified the government’s position on blockchain technology, the development of a digital rupee and the...
India proposes banning Bitcoin and developing a digital rupee
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4 February, 2021

India proposes banning Bitcoin and developing a digital rupee

India’s digital currency industry faces an uncertain future, with a proposed draft bill threatening to impose a blanket ban on...
India’s central bank exploring the need for digital currency
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30 January, 2021

India’s central bank exploring the need for digital currency

In a recent outlook on payments in the digital era, the bank justified its earlier apprehension, but revealed that it’s...
Instability, high remittance fees drive India digital currency adoption
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30 May, 2020

Instability, high remittance fees drive India digital currency adoption

The instability of the rupee combined with high remittance fees is driving digital currency adoption in India.
Reserve Bank of India green-lights banking for digital currency businesses
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29 May, 2020

Reserve Bank of India green-lights banking for digital currency businesses

India’s central bank has addressed the current ban on banks servicing the sector, noting that “no such prohibition exists.”
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