India digital currency law expected during budget in February 2022: officials
Digital India

India digital currency law expected during budget in February 2022: officials

Home » Business » India digital currency law expected during budget in February 2022: officials India’s long awaited digital currency law could finally be announced in the upcoming budget in February 2022, putting an end to the long-running discussions of how digital currency activities should be regulated in the country. Despite widespread skepticism across Indian…

India digital currency field to include $184B to economic climate by 2030: report
Digital India

India digital currency field to include $184B to economic climate by 2030: report

Home » Business » India digital currency sector to add $184B to economy by 2030: report India’s digital currency industry is predicted to record parabolic growth in the coming years, creating an economic value addition of $184 billion in investments and costs savings, according to a new report. The report further predicts that over 800,000…

Xiaomi India seeks regulatory clearness before adopting digital foreign currency
India Xiaomi

Xiaomi India seeks regulatory clearness before adopting digital foreign currency

Home » Business » Xiaomi India seeks regulatory clarity before adopting digital currency Xiaomi India is showing a growing desire towards the cryptocurrency industry. The Indian-based unit of the company’s operation is mindful of regulatory concerns and needs regulatory clarity from the government before launching a project in the industry. Manu Jain, the subcontinent branch…

India taking first steps towards an electronic rupee to fight private virtual currencies
India Taking

India taking first steps towards an electronic rupee to fight private virtual currencies

Home » Business » India taking first steps towards a digital rupee to fight ‘private’ virtual currencies India’s central bank is mulling taking the first steps towards what might eventually be the country’s central bank digital currency (CBDC). A top-ranking official at the bank revealed that the government is looking at a digital rupee to…

Reserve Bank of India mulls first steps toward an eventual CBDC
India Reserve

Reserve Bank of India mulls first steps toward an eventual CBDC

RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo.

Reserve Lender of India (RBI) Claims Crypto Businesses Okay for Indian Banks
Cryptocurrency India Reserve

Reserve Lender of India (RBI) Claims Crypto Businesses Okay for Indian Banks

A new official notice published by the Reserve Bank of India (RBI) has positively impacted crypto enthusiasts in India as the central bank pointed out that a previous circular preventing banks from making business with crypto industries is no longer valid.The notice was addressed to all commercials and cooperative banks, payment banks, small finance banks,…

India considers new committee on digital currency regulation
considers India

India considers new committee on digital currency regulation

The government of India is reported to be considering setting up a committee of experts to consider whether there could be scope for formal regulation of digital currency in the country, in a move that could signal a change of approach towards the sector. According to reports in The Economic Times, which attributed “three sources…

Reserve Bank of India warns banks to cut all ties with digital currency exchanges
India Reserve

Reserve Bank of India warns banks to cut all ties with digital currency exchanges

Home » Business » Reserve Bank of India warns banks to cut all ties with digital currency exchanges India’s central bank is doubling down on its anti-digital currency stance. According to sources in India, the apex bank is warning commercial banks against servicing digital currency-related businesses, including exchanges and traders as well. This is despite…