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Reserve Bank of India

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...
Reserve Bank of India warns digital currencies will ‘dollarize’ economy
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22 May, 2022

Reserve Bank of India warns digital currencies will ‘dollarize’ economy

The central bank says that digital currencies will seriously undermine its ability to determine monetary policy and contribute to money...
India digital currency regulations aftermath: Frozen payments, Bitcoin brain drain, traders’ woes and more
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27 April, 2022

India digital currency regulations aftermath: Frozen payments, Bitcoin brain drain, traders’ woes and more

Investors and traders are bearing the strict regulations on digital currency in India—with some transferring their digital currencies to overseas...
Digital currencies are ‘akin to Ponzi Schemes’: RBI deputy
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18 February, 2022

Digital currencies are ‘akin to Ponzi Schemes’: RBI deputy

Deputy Governor T. Rabi Sankar at the Reserve Bank of India likened digital currencies to Ponzi schemes and said banning...
India digital currency sector hopeful of regulation during Feb 1 budget presentation
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28 January, 2022

India digital currency sector hopeful of regulation during Feb 1 budget presentation

India's Finance Minister Nirmala Sitharaman will read the budget on February 1, and many are hopeful that she'll talk digital...
India’s central bank sets up fintech department to oversee CBDC development
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13 January, 2022

India’s central bank sets up fintech department to oversee CBDC development

The department will promote innovation and aid policy interventions by the central bank while also overseeing the advancement of a...
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