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RBI to adopt graded approach to introduce digital currency
2 years, 6 months ago

RBI to adopt graded approach to introduce digital currency

Firstpost  

The RBI said that it has been exploring the pros and cons of the introduction of Central Bank Digital Currency in India and the appropriate design elements of CBDCs that could be implemented with little, or no disruption are under examination New Delhi: The Reserve Bank of India on Friday said that it is proposing to adopt a graded approach …

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Rajya Sabha updates | March 15, 2022
2 years, 9 months ago

Rajya Sabha updates | March 15, 2022

The Hindu  

On the first day of the second part of the Budget session, members of the Upper House saw took up a discussion on the working of the Ministry of Development of North Eastern Region. Under the GST law, states were guaranteed a bi-monthly compensation for any loss of revenue incurred during the first five years of the implementation of GST …

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Cryptocurrency Bill: Govt to Bring a New Crypto Bill, Previous Bill Reworked, Says FM
3 years ago

Cryptocurrency Bill: Govt to Bring a New Crypto Bill, Previous Bill Reworked, Says FM

News 18  

Clearing all the doubts and panic among investors regarding the upcoming cryptocurrency bill, finance minister Nirmala Sitharaman said on Tuesday that the government is working on a new bill to regulate cryptocurrency in India. While replying in Rajya Sabha, Sitharaman said, “There were other dimensions and the bill had to be reworked and now we are trying to work on …

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We don't track crypto trading: Finance Ministry
3 years ago

We don't track crypto trading: Finance Ministry

The Hindu  

The government doesn’t collect information on cryptocurrency or Bitcoin transactions in the country and has no plans to recognise Bitcoin as a currency, the Finance Ministry told Parliament on Monday. “RBI has been examining use cases and working out a phased implementation strategy for introduction of CBDC with little or no disruption,” the Minister said, adding that an official digital …

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RBI Wants To Enhance Scope Of Digital Currency Under Definition Of Bank Note, Proposes Amendment To Law
3 years ago

RBI Wants To Enhance Scope Of Digital Currency Under Definition Of Bank Note, Proposes Amendment To Law

ABP News  

New Delhi: The central government on Monday informed Parliament that it has received a proposal from the Reserve Bank of India last month to enhance the scope of digital currency under the definition of ‘bank note’. The RBI had introduced the proposal of Central Bank Digital Currency in October seeking to amend the Reserve Bank of India Act, 1934. On …

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Reserve Bank Set To Roll Out India’s Own Cryptocurrency. Know What Is CBDC
3 years ago

Reserve Bank Set To Roll Out India’s Own Cryptocurrency. Know What Is CBDC

ABP News  

New Delhi: The Centre is all set to introduce a new Bill during the winter session of Parliament to ban private cryptocurrencies and create guidelines for a legal digital currency by the Reserve Bank of India, according to a Lok Sabha bulletin released on Tuesday. To create a facilitative framework for creation of the official digital currency to be issued …

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Union Budget 2022: The Rise of RBI-backed Digital Rupee and Stablecoins
3 years, 1 month ago

Union Budget 2022: The Rise of RBI-backed Digital Rupee and Stablecoins

News 18  

For several months, my stand on cryptocurrencies, assets, and exchanges has been unambiguous and unwavering — that they should be banned outright, without further ado or delay; instead, a comprehensive regulatory framework should be built around the Central Bank Digital Currency. Finance Minister Nirmala Sitharaman in her Budget speech announced that India’s very own digital rupee backed by blockchain technology …

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What India’s proposed cryptocurrency ban means for Bitcoin investors
3 years, 8 months ago

What India’s proposed cryptocurrency ban means for Bitcoin investors

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, while banning private digital currencies, the country’s central …

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