Digital Currency

Looking at 'pros and cons' of introduction of digital currency: RBI

The Reserve Bank has been looking at the pros and cons of introduction of CBDC in India and it proposes to adopt a graded approach to introduction of CBDC.

published on : 27th May 2022

RBI working on phased approach ahead of digital currency launch

Finance Minister Nirmala Sitharaman, during her Budget speech, said the digital currency would be introduced by 2023

published on : 27th May 2022

No plans to introduce cryptocurrency: Pankaj Chaudhary

RBI is currently working towards a phased implementation strategy for the introduction of CBDC and examining use cases that could be implemented with little or no disruption, he said in another reply.

published on : 15th March 2022

Industry optimistic about Biden’s order on cryptocurrency

Many countries are now exploring government-backed digital currencies, and the latest one to explore possible uses of digital assets is the US government.

published on : 11th March 2022

Proposed digital currency by RBI to speed up transactions, reduce cost of cash: Deloitte

The report said CBDCs are likely to drive efficiencies and effectiveness of a jurisdiction's payments system by ensuring that its users access safe digital money.

published on : 9th March 2022

Biden signing order on cryptocurrency as its use explodes

As part of the order being signed Wednesday, the Treasury Department and other federal agencies are to study the impact of cryptocurrency on financial stability and national security.

published on : 9th March 2022

"We see clear advantages in a central bank driven digital currency": Nirmala Sitharaman

FM Nirmala Sitharaman, said the 'Digital Rupee' is a conscious call taken in consultation with RBI  and the govt sees clear advantages in a central bank driven digital currency.

published on : 8th March 2022

RBI moves cautiously on Central Bank Digital Currency

RBI Governor Shaktikanta Das says RBI will do rigorous pilots to ensure cyber security and prevention of counterfeiting.

published on : 11th February 2022

India's digital currency to debut by early 2023: Sources

The digital rupee blockchain, being developed by the Reserve Bank, would be able to trace all transactions, unlike the current system of mobile wallet offered by private companies.

published on : 6th February 2022

Crypto will never be a legal tender: Finance Secretary on future of digital currencies

TV Somanathan said just like gold and diamond, despite being valuable, are not a legal tender, private cryptocurrencies too will never be a legal tender.

published on : 3rd February 2022

RBI to launch its own digital rupee using blockchain technology

Resident will soon be able to transact In a digital currency backed by the RBI. 

published on : 2nd February 2022

Kept inflation in check; added schemes for job creation: Finance Minister

Finance minister Nirmala Sitharaman on Tuesday said that we have controlled the inflation better than the previous government and never let it touch the double digit.

published on : 2nd February 2022

Union Budget 2022: NFT community in Kerala elated

“We consider this move to tax virtual digital transactions as a big positive. Earlier, there were doubts whether such transactions were legal or not.

published on : 2nd February 2022

Crypto Bill and Digital Currency key focus areas in new year

Crypto exchanges hope that 2022 will be a big year for them as they are also awaiting an upcoming Bill that regulates the market.

published on : 1st January 2022

India needs to initially go for basic model for central bank digital currency: RBI 

In its basic form, a CBDC provides a safe, robust, and convenient alternative to physical cash, depending on various design choices, it can also assume the complex form of a financial instrument.

published on : 28th December 2021

RSS-backed SJM wants ban on cryptocurrency, calls for central law

It also called upon the government to allow persons holding crypto currencies to sell or exchange the same within a short span of time subject to provision of submitting the information to I-T.

published on : 27th December 2021

As government prepapres to table bill in Parliament, RBI Board discusses CBDC and private cryptocurrency

While the discussion was directed towards implementation strategy for the introduction of Central Bank Digital Currency (CBDC), board members shared their reservations against the private Cryptos.

published on : 18th December 2021

Cyber security, frauds main concerns with digital currency: RBI

The RBI had earlier this year announced that it has started work on the CBDC, in line with other major central banks of the world which are looking at a fiat digital currency.

published on : 8th December 2021

Repeal of farm laws, cryptocurrency regulation: Modi government lists 26 bills for upcoming Parliament session

The Cryptocurrency and Regulation of Official Digital Currency Bill seeks to ban all but a few private cryptocurrencies to promote underlying technologies while allowing an official digital currency.

published on : 23rd November 2021

Bitcoin could 'spoil' young Indians: PM Narendra Modi warns ahead of cryptocurrency regulations

At the same time, the Reserve Bank of India is looking at issuing its own official digital currency.

published on : 18th November 2021
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