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India

Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies
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12 June, 2022

Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies

Speaking at a webinar series organized by the IMF, RBI Deputy Governor T. Rabi Sankar stated that the Indian central...
India digital currency consultation paper with IMF and World Bank coming soon
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5 June, 2022

India digital currency consultation paper with IMF and World Bank coming soon

The paper is a result of consultations made both with local digital currency industry key players and international organizations like...
Reserve Bank of India lists CBDC introduction as one of major initiatives for 2022-23
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1 June, 2022

Reserve Bank of India lists CBDC introduction as one of major initiatives for 2022-23

In its annual report published recently, the Reserve Bank of India proposed a three-stage "graded approach" to introduce a central...
India: central bank governor maintains stance, says digital currencies have no value
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28 May, 2022

India: central bank governor maintains stance, says digital currencies have no value

Reserve Bank of India Governor Shaktikanta Das reminded that before the market crash, the RBI had been warning of the...
India’s CoinSwitch exchange calls for regulatory ‘peace’ and ‘more certainty’: report
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26 May, 2022

India’s CoinSwitch exchange calls for regulatory ‘peace’ and ‘more certainty’: report

In an interview with Reuters, CoinSwitch CEO Ashish Singhal says proper regulations for digital currencies are the only way to...
BSV alone is capable of reaching Indian masses, Rohan Sharan tells CoinGeek
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24 May, 2022

BSV alone is capable of reaching Indian masses, Rohan Sharan tells CoinGeek

Timechain Labs founder Rohan Sharan shared his insights about the ongoing chaos on Bitcoin in India, BSV's potential in the...
Reserve Bank of India warns digital currencies will ‘dollarize’ economy
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22 May, 2022

Reserve Bank of India warns digital currencies will ‘dollarize’ economy

The central bank says that digital currencies will seriously undermine its ability to determine monetary policy and contribute to money...
India’s SEBI proposes prohibiting celebrity digital currency endorsement
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20 May, 2022

India’s SEBI proposes prohibiting celebrity digital currency endorsement

SEBI made the proposal in response to a call for comments on the recently unveiled guidelines for digital currency advertising...
India to impose 28% tax on digital currency transactions: report
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13 May, 2022

India to impose 28% tax on digital currency transactions: report

India is weighing a 28% Goods and Service Tax (GST) for digital asset transactions, just a month after imposing a...
Probe into $2,600 Indian job fraud reveals $390M Binance-linked digital asset scam
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6 May, 2022

Probe into $2,600 Indian job fraud reveals $390M Binance-linked digital asset scam

Indian police thought they were curbing a simple job scam but stumbled upon one of the largest digital asset scams,...
India IT ministry orders digital currency exchanges to store user data for 5 years
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5 May, 2022

India IT ministry orders digital currency exchanges to store user data for 5 years

The directive, which is set to come into force on June 22, also applies to data centers, Virtual Private Server...
India digital currency regulations aftermath: Frozen payments, Bitcoin brain drain, traders’ woes and more
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27 April, 2022

India digital currency regulations aftermath: Frozen payments, Bitcoin brain drain, traders’ woes and more

Investors and traders are bearing the strict regulations on digital currency in India—with some transferring their digital currencies to overseas...