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Reserve Bank of India

India: 6 potential risks of stablecoins for developing economies, according to central bank
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6 July, 2023

India: 6 potential risks of stablecoins for developing economies, according to central bank

The risks enumerated by the Reserve Bank of India include currency threat of currency substitution, circumvention of capital flow controls,...
India central bank turns to cross-border functionality despite advocating for cautious CBDC development
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5 July, 2023

India central bank turns to cross-border functionality despite advocating for cautious CBDC development

The Reserve Bank of India is keen on experimenting with multiple CBDC use cases outside the purview of domestic payments,...
Reserve Bank of India targets 1M CBDC users before end of June 2023
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15 June, 2023

Reserve Bank of India targets 1M CBDC users before end of June 2023

To prevent shocking its financial system, the central bank says it will take a "calibrated approach" in launching the digital...
India’s central bank is keen on steering G20 toward macro risks posed by digital currencies
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6 June, 2023

India’s central bank is keen on steering G20 toward macro risks posed by digital currencies

While Indian regulators are focused on protecting retail investors, the broader payments ecosystem faces significant risks from digital currencies, according...
India: Financial institutions urged to leverage AI, blockchain for sustainable growth
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5 June, 2023

India: Financial institutions urged to leverage AI, blockchain for sustainable growth

Acknowledging the use cases and benefits of using AI and blockchain, Reserve Bank of india’s Mahesh Kumar Jain reiterates the...
Reserve Bank of India’s deputy governor wants to promote CBDCs
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10 May, 2023

Reserve Bank of India’s deputy governor wants to promote CBDCs

Rabi Sankar, deputy governor of the Reserve Bank of India, said the ideal way out of the digital currency dilemma...
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