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RBI CRYPTOCURRENCY POLICY
RBI remains cautious on crypto, backs underlying technology: Governor Sanjay MalhotraIndia's cautious approach towards cryptocurrencies emphasises the importance of underlying technologies like distributed ledger and tokenis...- Anti-betting law fails. A lesson for crypto?India’s online betting ban has failed to eliminate illegal gambling, with offshore networks continuing operations despite strict laws. The ...
- RBI backs crypto ban, tax department warns of evasion risks, documents showIndia's central bank has reiterated its preference for a cryptocurrency policy "leaning towards prohibition," warning that crypto assets an...
- Sebi suggests local regulators oversee crypto tradingBoth sets of documents, which have been seen by Reuters, have been submitted to a government panel which is tasked with formulating policy ...
- RBI wants crypto ban, govt needs global support for regulation: FM SitharamanThe RBI has time and again pointed out the problems with digital assets questioning their underlying fundamentals and use cases. The RBI go...
- RBI’s crypto ban talks give the shivers to small investorsPreviously, RBI governor Shaktikanta Das had said in a monetary policy press conference that private cryptocurrencies were a threat to the ...
- FM Sitharaman says taxing cryptos doesn't mean it has been legalisedThe finance minister has spoken out at a time when the cryptocurrency tax is geeting a mixed reaction with some pointing towards the fact t...
- Cash going to co-exist with central bank digital currency, says former RBI governor SubbaraoA central bank digital currency (CBDC) is a virtual version of the sovereign currency of the country and is issued by the central bank. Thi...
- RBI could come up with a pilot for digital currencies by December: Shaktikanta DasHowever, it's not clear whether the currency will be launched based on the distributed ledger technology or a centralised ledger. Cryptocur...
- Stance against crypto unchanged: Shaktikanta DasThis is a reiteration of the RBI’s long-held stance against the use of virtual currency in India.
- RBI’s stance on cryptocurrency unchanged, Governor Das saysThe Reserve Bank of India (RBI) has “major concerns” on impact of crypto trading on the country’s financial stability, and the same has bee...
- A matter of survival: Crypto exchanges to approach SC, againThis comes after RBI through an “informal” diktat asked banks to stop dealing with cryptocurrency exchanges.
- Govt should allow cryptocurrencies, says former finance secretary S C Garg"I don't think we still have full clarity and understanding about how to regulate cryptocurrencies...Regulate, control cryptocurrencies but...
- India has a backdoor entry into digital currency. Will it take it?Covid-19 has made people reluctant to handle cash for fear of infection. The pandemic has also underscored the need to extend timely financ...
- Banned cryptocurrency to uphold integrity of banking system: RBIThe central bank, through senior advocate Shyam Divan, argued that though there was no formal ban on cryptocurrencies under any law in exis...
- Policy muddle ruins year 2019 for crypto, blockchain industryWhile the government and RBI had shown concern against the proliferation of private digital currencies, their interest on the subject has b...
- Supreme Court seeks centre’s view on cryptocurrency within 2 weeksThe RBI order had virtually stopped all trade and exchange of bitcoins even though there is no official ban on it, said Nakul Dewan, counse...
- Your bank will not allow you to buy bitcoins anymoreRBI has announced that any entity regulated by them shall not deal with or provide services to anyone for buying or selling of cryptocurren...
- RBI working on cryptocurrency policyCryptocurrencies like bitcoin use cryptography to secure transactions.
- Trading in bitcoins under taxmen, Enforcement Directorate lensTaxmen and the ED are also examining investments in cryptocurrency after the Indian government demonetised Rs 500 and Rs 1,000 notes in Nov...
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