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Reserve Bank of India

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...
India in ‘no hurry’ for CBDC development despite notching huge milestones
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12 February, 2023

India in ‘no hurry’ for CBDC development despite notching huge milestones

India’s digital rupee pilot already had over 50,000 users and 5,000 merchants, but despite the impressive numbers, the Reserve Bank...
Reserve Bank of India Gov: Digital currencies are akin to gambling and should be banned
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19 January, 2023

Reserve Bank of India Gov: Digital currencies are akin to gambling and should be banned

Shaktikanta Das, head of the Reserve Bank of India, says that the best way to regulate the industry is to...
Systemic risk and digital assets
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16 January, 2023

Systemic risk and digital assets

The impact of FTX's collapse may be largely restricted to the digital asset industry, but one effect the crisis had...
Bank of India pushes for global regulatory efforts over digital asset industry
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3 January, 2023

Bank of India pushes for global regulatory efforts over digital asset industry

The RBI report suggested using the “same-risk-same-regulatory-outcome” principle, which would see the virtual currency service providers being regulated similarly to...
RBI governor warns next financial crisis will come from privately run digital currencies
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24 December, 2022

RBI governor warns next financial crisis will come from privately run digital currencies

Instead of speculative coins, RBI Governor Shaktikanta Das says CBDCs will address the growing 'cryptoization' of the economy while providing...
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