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Reserve Bank of India

Reserve Bank of India, BIS unveil G20 TechSprint 2023 to improve state of cross-border CBDC

Wahid Pessarlay

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8 May, 2023

Reserve Bank of India, BIS unveil G20 TechSprint 2023 to improve state of cross-border CBDC

The primary focus of the G20 TechSprint 2023 is foreign exchange liquidity, anti-money laundering (AML), and central bank digital currencies...

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

Wahid Pessarlay

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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

Wahid Pessarlay

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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

Wahid Pessarlay

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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

Wahid Pessarlay

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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

Wahid Pessarlay

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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...

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