India's Monetary Policy Committee Member: Total Crypto Ban Is Difficult to Implement, Crypto Assets Should Be Regulated

India’s Monetary Policy Committee Member: Total Crypto Ban Is Difficult to Implement, Crypto Assets Should Be Regulated

A renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the... Read more »
India's Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection

India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection

India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,”... Read more »
India's Central Bank RBI Discusses Digital Currency and CBDC Launch With Minimal Impact on Monetary Policy

India’s Central Bank RBI Discusses Digital Currency and CBDC Launch With Minimal Impact on Monetary Policy

India’s central bank, the Reserve Bank of India (RBI), says a basic central bank digital currency (CBDC) model must be adopted initially and tested comprehensively to minimize the impact on the country’s... Read more »
India's Swadeshi Jagran Manch Calls for Outright Ban on Cryptocurrency

India’s Swadeshi Jagran Manch Calls for Outright Ban on Cryptocurrency

The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, has reportedly passed a resolution demanding a ban on cryptocurrency in India. “Disobeying the ban should make person/entity liable... Read more »
India's Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report

India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report

India is no longer planning to ban cryptocurrency, a cabinet note circulated by the government reportedly indicates. Activities relating to crypto assets will be regulated by the Securities and Exchange Board of... Read more »
India's Prime Minister Narendra Modi Urges Countries to Collaborate on Bitcoin, Cryptocurrency

India’s Prime Minister Narendra Modi Urges Countries to Collaborate on Bitcoin, Cryptocurrency

The prime minister of India, Narendra Modi, has urged democratic countries to work together to ensure that cryptocurrency, particularly bitcoin, does not end up in the wrong hands. Meanwhile, the Modi government... Read more »
India's Central Bank RBI Reiterates 'Serious Concerns' About Crypto — Governor Doubts Reports on Indian Crypto Investors

India’s Central Bank RBI Reiterates ‘Serious Concerns’ About Crypto — Governor Doubts Reports on Indian Crypto Investors

India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity... Read more »
India’s crypto law is expected in February 2022

India’s crypto law is expected in February 2022

India is in the process of introducing a new law that promotes cryptocurrency trading in the country. As per local news outlet Business Today Television, the country would most likely introduce its... Read more »