Reserve Bank of India Financial News

06.12 / 10:09

cryptocurrency Reserve Bank of India Bitcoin week Cabinet may discuss Crypto Bill this week

The government has held extensive consultations on the legal framework for cryptocurrencies, including at a meeting last month chaired by the Prime Minister. The view in the government is that crypto cannot be permitted as a currency, but stringent regulation can be put in place to allow them to be held as assets. The Cabinet could consider the cryptocurrency Bill this week and subsequently introduce it in Parliament, a person privy to the plans told ET.

30.11 / 11:59

RBI Reserve Bank of India Steps to regulate, track crypto mooted

cryptocurrencies were among the proposals mooted in the course of separate interactions over the past few weeks between lawmakers, Reserve Bank of India (RBI) and the crypto community while exploring a possible regulatory framework if cryptos are allowed to survive with restrictions. The crypto exchanges, brokers and industry bodies this month put across their views before a parliamentary standing panel on finance and banking regulator.

26.11 / 20:23

cryptocurrency in india Reserve Bank of India Fiat Money Crypto-focused funds rejig strategy amid talk of trading ban

Mumbai: A few blockchain and crypto-focused funds are rethinking their investment strategy amid speculation that trading in virtual currencies would be banned. They are planning for contingencies to ensure they do not face a situation like in 2018 when the Reserve Bank of India cut banking access for the crypto and blockchain community. Though the broader crypto community feels a ban is unlikely, some funds are erring on the side of caution.

26.11 / 11:39

Parliament Reserve Bank of India 54% people don't want cryptocurrencies to be legalised in India: Survey

cryptocurrencies in the country and instead pitched for treating them as digital assets held overseas, digital community platform LocalCircles said in a report. LocalCircles said the study received more than 56,000 responses from people residing in 342 districts of the country, while the number of responses to individual questions differed.

11.11 / 11:55

Government MARKET Reserve Bank of India cryptos Shaktikanta Das sounds an alarm on cryptos

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. Das also reiterated his concerns over cryptos and added that the regulator's recommendations were being actively looked at by the government.

11.11 / 04:51

crypto market Reserve Bank of India Numbers on crypto market participants highly exaggerated: RBI Governor

cryptocurrencies looks highly exaggerated, Reserve Bank of India governor Shaktikanta Das said on Wednesday while highlighting once again his concerns over the proliferation of virtual currencies. Das said that over 70 per cent of investors did not invest more than Rs 3000.

11.11 / 04:23

Reserve Bank of India cryptos Cryptocurrencies 'very serious concern' for RBI, says Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das today said that cryptocurrencies are a very serious concern for the central bank. The concerns are primarily stemming from a macroeconomic and financial stability perspective, Das said to Business Standard.

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