Cryptocurrencies clear danger, says RBI Governor
2 years, 8 months ago

Cryptocurrencies clear danger, says RBI Governor

The Hindu  

The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. In the foreword to the 25th issue of the Financial Stability Report released on Thursday, Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention. In the foreword of the FSR, Das also said that while technology has supported the reach of the financial sector and its benefits must be fully harnessed, its potential to disrupt financial stability has to be guarded against. "As the financial system gets increasingly digitalised, cyber risks are growing and need special attention," he noted. "Our endeavour is to face all challenges, external and internal, with strength and innovative solutions for the Indian financial system," he added.

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History of this topic

Pakistan Moves To Legalise Cryptocurrency To Attract Foreign Investment. Will India Follow Suit?
1 week, 2 days ago

Pakistan Moves To Legalise Cryptocurrency To Attract Foreign Investment. Will India Follow Suit?

ABP News  

Pakistan is making strides toward embracing digital assets by setting the stage for cryptocurrency legalisation. With more nations establishing cryptocurrency regulations, Pakistan’s initiative could position it as a key player in the digital finance sector. Pakistan Crypto Council to Oversee Digital Asset Integration To facilitate the transition, the Pakistan government has reportedly launched the Pakistan Crypto Council, a newly formed …

Intel agency pins 'suspicion' of crypto being used for terror financing, drugs trafficking in India
2 weeks, 3 days ago

Intel agency pins 'suspicion' of crypto being used for terror financing, drugs trafficking in India

Hindustan Times  

New Delhi, A trends study conducted by the federal financial intelligence unit of India has expressed "suspicion" that cryptocurrency is being used across the country's landscape in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking apart from illegal betting and gambling. Intel agency pins 'suspicion' of crypto being used for terror financing, drugs trafficking in India …

Realign policies of RBI to changing economic realities
2 weeks, 6 days ago

Realign policies of RBI to changing economic realities

New Indian Express  

Under the new leadership, the Reserve Bank of India is ‘undoing’ some of the measures taken during the previous regime to allow the banking system to breathe easy. By the time Sanjay Malhotra took the reins of the central bank from Shaktikanta Das in December last year, India’s growth had slowed down to 5.6 percent, and the equity market was …

RBI warns of financial risks from surging unsecured debt, speculative trading
1 month, 1 week ago

RBI warns of financial risks from surging unsecured debt, speculative trading

Live Mint  

India’s rapid digital financial expansion is fuelling both opportunity and risk, with rising unsecured debt and speculative trading posing new challenges for the financial system, Reserve Bank of India deputy governor M. Rajeshwar Rao warned Friday. Read this | Gold auctions on the rise as NBFCs look to clean up books on RBI diktat, rise in prices Regulated financial firms …

RBI unveils exclusive ‘bank.in’ internet domain to combat cyber fraud; 'fin.in' coming soon
1 month, 3 weeks ago

RBI unveils exclusive ‘bank.in’ internet domain to combat cyber fraud; 'fin.in' coming soon

Firstpost  

The registration process for the ‘bank.in’ domain will begin in April, with a broader ‘fin.in’ domain planned for the overall financial sector in the future RBI Governor Sanjay Malhotra says cybersecurity is a top priority for the central bank. AFP The Reserve Bank of India on Friday announced a new exclusive internet domain, ‘bank.in,’ for Indian banks to enhance cybersecurity …

RBI MPC meeting 2025: Banks to have ‘bank.in’ internet domain name, non-banks ‘fin.in’
1 month, 3 weeks ago

RBI MPC meeting 2025: Banks to have ‘bank.in’ internet domain name, non-banks ‘fin.in’

The Hindu  

In order to check cyber security threats, the Reserve Bank on Friday decided that Indian banks will have exclusive internet domain name 'bank.in' and non-bank financial entities 'fin.in'. Unveiling the last bi-monthly monetary policy of this fiscal year, RBI Governor Sanjay Malhotra said registrations for 'bank.in' will commence from April 2025, and going forward 'fin.in' will be introduced. The initiative …

I will think about India: Nirmala Sitharaman as Trump 2.0 goes big on crypto
1 month, 3 weeks ago

I will think about India: Nirmala Sitharaman as Trump 2.0 goes big on crypto

India Today  

Finance Minister Nirmala Sitharaman on Tuesday clarified that the government is not against distributed ledger technology. At the Budget Round Table 2025 event organised by India Today and Business Today, Sitharaman did not clearly mention any policy related to cryptocurrencies or VDAs. When mentioned that 97% of the country’s crypto trading has shifted offshore, which has led to a loss …

India's Crypto Policy Delayed Further? Report Suggests Re-Evaluation Of Stances By Multiple Jurisdictions
1 month, 3 weeks ago

India's Crypto Policy Delayed Further? Report Suggests Re-Evaluation Of Stances By Multiple Jurisdictions

ABP News  

India is re-evaluating its position on cryptocurrencies following recent international developments, including regulatory changes in major economies, according to a senior Government official, reported Reuters. The decision comes as multiple jurisdictions have softened their stance on digital assets, prompting India to revisit its delayed discussion paper on crypto policy, which was initially expected to be released in September 2024. Crypto …

India reviewing crypto position due to global changes, senior official says
1 month, 3 weeks ago

India reviewing crypto position due to global changes, senior official says

The Hindu  

India is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday. He did not specifically mention the United States, where Mr. Trump last week ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a …

Government is reportedly thinking about changing its stance on cryptocurrency
1 month, 3 weeks ago

Government is reportedly thinking about changing its stance on cryptocurrency

India Today  

India has a rigid cryptocurrency environment, and its stance on the digital currency has been anything but consistent. In December 2023, the Financial Intelligence Unit in India issued show-cause notices to 9 offshore crypto exchanges, including Binance and Kucoin, for non-compliance with local regulations. In 2023, former RBI Governor Shaktikanta Das also represented a critical stand against cryptocurrency in India. …

India reviewing crypto stance amid global policy shift: Report
1 month, 3 weeks ago

India reviewing crypto stance amid global policy shift: Report

India Today  

India is reviewing its stance on cryptocurrencies due to shifting attitudes towards virtual asset in other countries, a senior government official told Reuters on Sunday. He did not specifically mention the United States, where Trump last week ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency …

Banks most affected by cybersecurity incidents: Economic Survey
1 month, 4 weeks ago

Banks most affected by cybersecurity incidents: Economic Survey

The Hindu  

The Economic Survey 2024-25 said banks were the most affected by cybersecurity incidents with reports indicating that almost one-fifth of all reported cyber incidents involve financial institutions. Economic Survey 2024-25 Highlights “These threats, ranging from phishing and ransomware to Distributed Denial of Service attacks, SMSing, and fake/malicious mobile applications, pose serious challenges to the financial system’s stability,” the report said. …

Interview: Yesha Yadav on ABC of Donald Trump’s new crypto world
2 months, 1 week ago

Interview: Yesha Yadav on ABC of Donald Trump’s new crypto world

Hindustan Times  

Washington: President-elect Donald Trump has promised a new era of cryptocurrency, with the industry expecting clearer and a more liberal regulatory structure. And what has happened over time is of course that Bitcoin as well as other cryptocurrencies have allowed for certain economies where the local marketplace is perhaps not as strong, where people don’t have faith in the domestic …

Rupee-backed stablecoins could complement RBI’s digital currency
3 months ago

Rupee-backed stablecoins could complement RBI’s digital currency

Live Mint  

The past decade has witnessed the astronomical rise of crypto assets around the world. Rupee-backed stablecoins would complement the Reserve Bank of India’s Central Bank Digital Currency, namely the e-rupee that is being tested out. However, the combination of rupee-backed stablecoins and the e-rupee could aid in the creation of an egalitarian and free digital finance ecosystem in India. As …

Indians Have Rejected Crypto. But 2025 Could Change That
3 months ago

Indians Have Rejected Crypto. But 2025 Could Change That

ABP News  

By AR Hemant The BankBazaar Moneymood 2025 survey report reveals a sharp decline in Indians’ interest in cryptocurrency. Of the salaried men and women surveyed in the study, only 12 per cent of Indians invested in crypto in 2024, compared to 32 per cent in 2022​. Taxation and Security Concerns Hurt Crypto The Indian government’s 30 per cent tax on …

India on the sidelines as the future of finance dawns
4 months, 1 week ago

India on the sidelines as the future of finance dawns

Hindustan Times  

In the Trumpian world, bitcoin is soaring. Blockchain is the foundation of cryptocurrencies like Bitcoin but its potential stretches far beyond speculative trading enabling tamper-proof voting systems, transparent supply chains, and decentralized finance. Meanwhile, India’s regulations are so draconian that exchanges like Coinbase won’t even let Indian users buy crypto. Enter Central Bank Digital Currencies, the government’s answer to cryptocurrencies. …

Bitcoin, cryptocurrencies not legal in India
Trending News
4 months, 1 week ago

Bitcoin, cryptocurrencies not legal in India

Deccan Chronicle  

New Delhi: Bitcoin and cryptocurrency are in news again after allegations were levelled against Congress's Maharashtra president Nana Patole and NCP 's Supriya Sule of being involved in "illegal bitcoin activities" to fund their poll campaign. - Cryptocurrency has no intrinsic value and is not redeemable for another commodity, such as gold - has no physical form and exists only …

Why Bitcoin, cryptocurrencies often face political heat? Virtual currency's legal status, its future explained
4 months, 1 week ago

Why Bitcoin, cryptocurrencies often face political heat? Virtual currency's legal status, its future explained

India TV News  

Amit intense poll battle in Maharashtra, just a day before crucial voting in the state assembly elections, the Bharatiya Janata Party alleged National Congress Party leader Supriya Sule and state Congress chief Nana Patole's involvement in a cryptocurrency fraud. The Reserve Bank of India too has been skeptical about the use of private crypto assets and considers it as a …

Will Bitcoin's revival boost India's appetite for cryptos despite high taxes?
4 months, 1 week ago

Will Bitcoin's revival boost India's appetite for cryptos despite high taxes?

India Today  

Bitcoin has taken the financial world by storm once again, this time surging to a record-breaking $90,000 following Donald Trump's unexpected victory in the US presidential election. TRUMP'S IMPACT ON THE CRYPTO SURGE The crypto market has been riding a wave of optimism following Donald Trump's election as US president, with hopes that his administration will adopt a crypto-friendly stance. …

India's crypto industry expects Bitcoin surge to boost domestic business
4 months, 2 weeks ago

India's crypto industry expects Bitcoin surge to boost domestic business

Live Mint  

New Delhi: India’s battered cryptocurrency industry, which has seen retail trading volumes decline by over 90% in the past three years, is cautiously optimistic about the industry’s latest surge. “The exchange-traded funds in the US have further rationalized cryptocurrency investments around the world, and the US’s pro-cryptocurrency stance could boost a more favourable policy approach around the world including in …

RBI Governor Shantikanta Das Warns of Huge Risks to Financial Stability from Cryptocurrencies
5 months ago

RBI Governor Shantikanta Das Warns of Huge Risks to Financial Stability from Cryptocurrencies

New Indian Express  

RBI Governor Shantikanta Das expresses concerns about cryptocurrencies, stating that they pose significant risks to financial stability. He argues that cryptocurrencies have the characteristics of money and could undermine the central bank's control over the monetary system. Das emphasizes the need for careful consideration and a cautious approach towards cryptocurrencies, considering the potential for instability and financial sector instability.

Bengaluru auto driver gains social media fame for accepting cryptocurrency
7 months ago

Bengaluru auto driver gains social media fame for accepting cryptocurrency

New Indian Express  

In Bengaluru, a city celebrated for its tech-savvy culture, a local auto-rickshaw driver has captured widespread attention by accepting cryptocurrency as payment for rides. His forward-thinking approach was spotlighted in a viral social media post shared on August 18, featuring a photo of the driver standing beside his auto-rickshaw, proudly displaying a sign that reads, “We accept cryptocurrency.” The post …

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project
7 months, 3 weeks ago

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project

The Hindu  

Google, PhonePe, Amazon Pay, Cred and Mobikwik are looking to join Indian central bank’s digital currency project by offering transactions in e-rupee, a digital alternative to the physical currency. The news comes as transactions using the digital currency reached over a million a day last year, however, they have declined ever since, to about 100,000-200,000 a day. However, in April …

RBI warns banks of cyberattacks, scheduled commercial banks at highest risk
9 months ago

RBI warns banks of cyberattacks, scheduled commercial banks at highest risk

Hindustan Times  

Banks across India are on high alert with the Reserve Bank of India announcing possible cyber attacks, the Economic Times reported, adding that the banks have been told to constantly monitor their systems like SWIFT, the card network, RTGS, NEFT and UPI. The financial sector reported more than 20,000 cyber attacks in the last 20 years, resulting in losses of …

Retail investors should be cautious about Cryptos says RBI
10 months, 1 week ago

Retail investors should be cautious about Cryptos says RBI

Deccan Chronicle  

Mumbai: The crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity as a result of which retail investors need to be more cautious, the Reserve Bank of India economists said in an article titled Decentralised Finance: Implications for Financial System in the central bank’s May Bulletin. However, developments such as the FTX crypto exchange collapse, decline in …

6 key steps RBI has taken to ensure safe banking practices. Details here
1 year ago

6 key steps RBI has taken to ensure safe banking practices. Details here

Live Mint  

Digital banking has brought a paradigm shift to the way we carry out financial transactions. Digital lending guidelines: Additionally, RBI has issued guidelines on digital lending which require regulated entities to provide a key fact statement to the borrower before the execution of the contract. The banking regulator also takes appropriate supervisory actions including imposition of business restrictions. Cyber-crime reporting …

Crypto currencies have no underlying value, says RBI official
1 year, 1 month ago

Crypto currencies have no underlying value, says RBI official

The Hindu  

Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central bank official said. "Crypto currencies cannot be called currencies as they don't have any underlying value," P Vasudevan, an executive director at the RBI, said during a panel discussion organised by IIM-Kozhikode here. Ultimately it is a call that the government has to take …

RBI Monetary Policy: New changes announced to electronic trading platforms, digital payments
1 year, 1 month ago

RBI Monetary Policy: New changes announced to electronic trading platforms, digital payments

New Indian Express  

The Reserve Bank of India today released a major policy statement outlining several developmental and regulatory initiatives covering financial markets, regulations pertaining to lending institutions, and payment systems including digital currency and fintech. On the financial markets front, RBI announced that it will comprehensively review the existing regulatory guidelines for Electronic Trading Platforms that enable transactions in financial instruments regulated …

Budget Highlights 2024: Govt to lay white paper on economic performance
1 year, 1 month ago

Budget Highlights 2024: Govt to lay white paper on economic performance

Hindustan Times  

Feb 1, 2024 7:33 PM IST Ashish Singhal, Co-founder and Group CEO, PeepalCo says, "Crypto is experiencing a resurgence this year. On a positive note, the Government of India now has the chance to introduce comprehensive crypto regulations and improved tax policies in the upcoming full Budget, with the full support of the electorate. We continue to urge: i) Allow …

India need not rush in where the US dares to go
1 year, 2 months ago

India need not rush in where the US dares to go

Hindustan Times  

On January 10, the US securities market regulator, the Securities and Exchange Commission allowed 11 spot Bitcoin exchange-traded funds to list and trade on the stock market. In a statement issued the day he cleared the Bitcoin ETFs, he wrote: “Though we’re merit neutral, I’d note that the underlying assets in the metals ETFs have consumer and industrial uses, while …

Emerging markets cannot afford 'crypto mania', says RBI governer as ETFs begin trading in US
1 year, 2 months ago

Emerging markets cannot afford 'crypto mania', says RBI governer as ETFs begin trading in US

India TV News  

A day after the US Securities and Exchange Commission permitted bitcoin exchange-traded funds to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets. The SEC's approval includes 11 ETFs, opening the door to more widespread investments in the world's largest cryptocurrency without …

A tulip mania in crypto? Can't afford it, says Shaktikanta Das
1 year, 2 months ago

A tulip mania in crypto? Can't afford it, says Shaktikanta Das

Live Mint  

MUMBAI : The US may have green-lighted exchange-traded funds in bitcoin, but for India’s apex banking regulator, cryptocurrencies remain a strict no-no. “The way we look at crypto remains unchanged, irrespective of who does what," Reserve Bank of India governor Shaktikanta Das stated at the 16th Mint Annual BFSI Summit and Awards in Mumbai on Thursday. I don’t think the …

India's Financial Intelligence Unit Registers Over Two Dozen Crypto Service Providers
1 year, 3 months ago

India's Financial Intelligence Unit Registers Over Two Dozen Crypto Service Providers

ABP News  

In a notable development for the Indian cryptocurrency sector, over two dozen digital currency service providers have registered with India's Financial Intelligence Unit. Here are some key case studies and developments: Enforcement Directorate's Proactive Measures India's Enforcement Directorate has been actively investigating several money laundering cases through cryptocurrencies. Regulatory Framework Strengthening India has subjected cryptocurrency trading to anti-money laundering laws, …

India leads in grassroots cryptocurrency adoption: Report
1 year, 5 months ago

India leads in grassroots cryptocurrency adoption: Report

The Hindu  

India stands first when it comes to grassroots cryptocurrency adoption, according to blockchain analytics platform Chainalysis’ 2023 Global Crypto Adoption Index released this month. Chainalysis’ report pointed out that India’s crypto adoption rates had soared despite the country’s tax regime and regulatory environment, which it called “’challenging”. “While every exchange operating in the country is required to collect TDS taxes …

‘India to decide its position on crypto in coming months’
1 year, 6 months ago

‘India to decide its position on crypto in coming months’

Live Mint  

New Delhi: India will evaluate the recommendations made in a paper authored by the International Monetary Fund and the G20’s risk watchdog, the Financial Stability Board, outlining a roadmap for regulating crypto assets and integrating digital assets into digital financial systems before deciding its stance, Ajay Seth, secretary of the department of economic affairs, said. On the sidelines of the …

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban
1 year, 6 months ago

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

The Hindu  

With the G-20 countries agreeing to explore a coordinated regulatory framework for crypto assets, India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward. Any country can allow higher risks if they want, or ban it if they like, but whatever one does, it should …

G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation
1 year, 6 months ago

G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation

India TV News  

As world leaders are gathering in India to attend G20 summit 2023, the crypto market is hopeful for a dialogue on the revival of the industry with a common regulation in place. Under the leadership of India's presidency, the G20 countries are reportedly poised to introduce what could be recognised as the first-of-their-kind regulations governing cryptocurrencies and crypto assets worldwide. …

Future Of Crypto In India: How Bitcoin ETFs, Regulatory Clarity Can Help
1 year, 7 months ago

Future Of Crypto In India: How Bitcoin ETFs, Regulatory Clarity Can Help

ABP News  

In recent times, the cryptocurrency industry has undergone a noteworthy transformation, evolving from a limited group of developers to a community that has fostered a trillion-dollar economy. By integrating cryptocurrencies into the existing anti-money laundering framework, India aims to enhance financial transparency and mitigate the risks associated with illicit activities in the crypto sector. The introduction of Bitcoin ETFs could …

Crypto India Tax PMLA State Future Regulation RBI CBDC Digital Rupee ABP Live TV
1 year, 7 months ago

Crypto India Tax PMLA State Future Regulation RBI CBDC Digital Rupee ABP Live TV

ABP News  

Crypto is often called the "Internet of Value" and for good reason. Here’s Why Crypto Could Prove Important To India Remittances: A Game Changer India holds the global top spot for remittance receipts, raking in approximately $80 billion annually. Crypto and decentralised technologies are not merely optional but vital to safeguarding India's national sovereignty. Enterprise Adoption A consortium of 15 …

Rising Stars of India's Crypto Revolution: Top 5 Crypto Projects to Trust in 2023
1 year, 7 months ago

Rising Stars of India's Crypto Revolution: Top 5 Crypto Projects to Trust in 2023

ABP News  

New Delhi, August 21: A revolution is underway in India's crypto landscape, and at its helm is a group of rising stars — projects that are reimagining traditional systems and catalyzing a paradigm shift in the nation's digital transformation. As the Indian counterpart of the world's second-largest derivatives exchange, Bybit India entices high-value traders, cementing its essential role in India's …

Stronger early warning system to check financial stress soon
1 year, 10 months ago

Stronger early warning system to check financial stress soon

Live Mint  

New Delhi: India will create a wide set of early warning indicators to assess any developing stress in the financial sector and take quick remedial measures, said Ajay Seth, secretary of the department of economic affairs. Seth said the indicators would capture information from the financial markets, global markets as well as the economy, in addition to the set of …

Crypto issue requires immediate attention, says FM Sitharaman
1 year, 11 months ago

Crypto issue requires immediate attention, says FM Sitharaman

The Hindu  

Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said. Ms. Sitharaman was part of a brainstorming session on "Macrofinancial Implications of Crypto Assets" with G20 finance ministers and central bank governors at …

Understanding the current state of crypto assets in India
1 year, 11 months ago

Understanding the current state of crypto assets in India

Live Mint  

It is a sweeping wave for some and a conundrum for others but crypto is the new buzzword in the world of investment finance. On the whole, the government seems to be accepting crypto and the underlying blockchain technology rather than casting them away as ‘risky’ or even ‘banning’ them. Banking is still not a breeze given RBI’s concerns The …

RBI Guv Das Cautions Banks Against Any Build-up of Asset-liability Mismatches
2 years ago

RBI Guv Das Cautions Banks Against Any Build-up of Asset-liability Mismatches

News 18  

Reserve Bank governor Shaktikanta Das on Friday cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches. Amid the continuing volatility in exchange rates, especially due to the excessive appreciation of the US dollar, and its impact …

RBI Governor Shaktikanta Das's message to banks over ongoing crisis in US banking system
2 years ago

RBI Governor Shaktikanta Das's message to banks over ongoing crisis in US banking system

India TV News  

RBI Governor Shaktikanta Das's message to banks over ongoing crisis in US banking system RBI governor Shaktikanta Das cautioned banks against any build-up of asset-liability mismatches and asserted that both are detrimental to financial stability. RBI governor Shaktikanta Das while addressing the annual KP Hormis Commemorative lecture in Kochi today, cautioned banks against any build-up of asset-liability mismatches, saying both …

'Doctor Doom' Nouriel Roubini makes an example out of SVB, spells doom for crypto space
2 years ago

'Doctor Doom' Nouriel Roubini makes an example out of SVB, spells doom for crypto space

Firstpost  

Washington: Economist Nouriel Roubini, nicknamed as Wall Street’s ‘Doctor Doom’, has warned that any exchange or financial scheme in the crypto space can go bust faster if Silicon Valley Bank can go bust in a day. Roubini, who is known for his dire global economic predictions, in a tweet said: “If a bank like SVB can go bust in one …

Explained | Why is crypto trade within PMLA ambit?
2 years ago

Explained | Why is crypto trade within PMLA ambit?

The Hindu  

The story so far: On March 7, to further tighten the loosely regulated crypto market, the Finance Ministry said that all virtual digital assets will come within the ambit of the Prevention of Money Laundering Act, 2002. Editorial | Belated, but essential: On bringing all trade in virtual digital assets under the PMLA In July 2022, Union Minister of State …

Crypto at G20 Summit: India recommends a joint technical paper by IMF & FSB on regulation
2 years, 1 month ago

Crypto at G20 Summit: India recommends a joint technical paper by IMF & FSB on regulation

India Today  

India has proposed a joint technical paper by the IMF and the FSB for help in the formulation of a coordinated and comprehensive policy approach to crypto assets. Both the above agencies are expected to present their papers in October this year, i.e., during the 4th G20 Finance Ministers and Central Bank Governors Meet, stated the Ministry of Finance, following …

Moving towards regulation on Cryptocurrency under India\'s G20 presidency: Nirmala
2 years, 1 month ago

Moving towards regulation on Cryptocurrency under India\'s G20 presidency: Nirmala

Deccan Chronicle  

Bengaluru: Union Finance Minister Nirmala Sitharaman on Saturday said that the government is progressing towards regulation on Crypto Currency under India's G20 presidency. "Further, in July, the FSB's paper on crypto assets regulation will be tabled so that it could be discussed at the next meeting of the finance ministers and central bank governors," she said. Speaking on the issue, …

Crypto needs an ‘international framework’: RBI Governor Das at G20
2 years, 1 month ago

Crypto needs an ‘international framework’: RBI Governor Das at G20

Live Mint  

RBI Governor Shaktikanta Das has once again pointed out that currently, there is risks associated with cryptocurrencies or crypto assets, and has mentioned that there is need for an international framework to deal with these risks. Das said, "there is now wide recognition and acceptance of the fact that cryptocurrencies, or crypto assets, or crypto products, or by whatever name …

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