2023-5-30 15:02 |
India's central bank is trying to expand the global narrative around cryptocurrencies beyond "financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.
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The G20 forum, under India's presidency, is working towards establishing a global framework to help countries combat the challenges and risks associated with the rapidly evolving cryptocurrency landscape.
2023-4-11 19:49 | |
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Coinspeaker G20 Proposes Global Framework against Crypto Risks India's Finance Minister insists that the only way to protect investors worldwide lies in putting concerted efforts into a global framework.
2023-4-11 14:43 | |
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The Reserve Bank of India (RBI) has once again expressed concerns over the growing digital asset ecosystem. In particular, it cited the recent turmoil in the cryptocurrency sector as one of the global micro financial risks.
2023-1-21 00:21 | |
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Sitharaman has previously called for global collaboration to decide on crypto's future and has been cautious against mainstream crypto adoption citing risks to financial stability.
2022-10-17 11:30 | |
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On October 7 2022, the Reserve Bank of India (RBI) released a concept note to create awareness of Central Bank Digital Currencies (CBDC) in general and to explain the risks and benefits of issuing a CBDC or digital Rupee for India.
2022-10-9 22:44 | |
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A recent UNCTAD policy brief says every seventh person in India held a cryptocurrency in 2021, and the largescale adoption in absence of regulations poses risks of financial instability. Released on August 12, the UNCTAD report sparked a fresh debate about India’s crypto regulation bill that the government planned to bring to parliament at least twice last […]
2022-8-26 00:37 | |
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India's central bank has been a vocal critic of cryptocurrencies over the years; it previously stated that CBDCs could thwart the adoption of digital assets.
2022-7-1 19:30 | |
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India's parliamentary finance committee met with representatives of India's crypto industry and expressed dissatisfaction about the industry's plans to mitigate the risks around crypto.
2022-5-5 16:18 | |
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2021-7-31 18:13 | |
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On Wednesday, Governor Shaktikanta Das said that India’s central bank has “major concerns” about cryptocurrencies. He flagged potential risks leading to financial stability. Crypto Adoption Woes The Reserve Bank of India (RBI) has been fundamentally opposed to cryptocurrencies ahead of the government’s plans to introduce a law to ban this form of assets and instituteRead More
2021-2-25 00:00 | |
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The Reserve Bank of India has said that it hadn’t banned the trading of digital currencies but only ringfenced regulated entities like banks and financial institutions from risks associated with trading such cryptocurrencies.
2020-1-21 17:54 | |
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The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos.
2020-1-21 13:35 | |
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The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos.
2020-1-22 13:35 | |
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An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him - but not before he defrauded victims out of $28 million. 'Hybrid crypto' with low risks and high returns India's Special Task Force (STF) arrested Sydney resident Harpreet Singh Sahni in a hotel near the […] The post $28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail appeared first on CCN Markets
2019-8-8 17:59 | |
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The Inter-Ministerial Committee (IMC) set up to look into bitcoin and cryptocurrency regulations in India says the government should ban virtual currencies. India May Soon Finalize Total Bitcoin Ban In a report submitted on Monday (July 22, 2019) the IMC recommended that the government institutes a total bitcoin ban.
2019-7-23 17:09 | |
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NASSCOM: Including crypto would help RBI develop a better understanding of risks Payments Council of India says crypto should be a part of the sandbox as there is no outright bank Technology industry lobby groups along with startup founders are asking the banking regulator, Reserve bank of India to include cryptocurrency in its proposed regulatory […]
2019-5-16 20:28 | |
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When the Reserve Bank of India (RBI) warned its citizens about the risks of trading and holding cryptocurrencies in December 2013, it was a reformist move. Cryptocurrencies, or should we say bitcoin, was a new phenomenon back then.
2019-3-7 13:35 | |
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Of all the questions my consulting clients ask, there is one that comes up more often than all the others combined. It goes something like this: “I want to harness the power of overseas manufacturing, but I’m worried about fraud and quality control.
2019-2-17 22:30 | |
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India has long been a nation that has taken a hardline stance towards cryptocurrencies. The risks associated with digital currencies such as money laundering and terrorism funding have long fueled the Indian government’s approach to dealing with digital assets.
2019-2-10 12:15 | |
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India’s central bank has released its latest annual report which includes a section dedicated to cryptocurrency. The Reserve Bank of India outlines the risks posed by crypto and emphasizes the need to monitor crypto development in anticipation that some trading may shift from exchanges to peer-to-peer (P2P) mode.
2018-8-30 10:55 | |
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Amidst economic turmoil and stringent regulations, citizens in countries like Argentina and Venezuela have turned to Bitcoin as a lifeline. The International Monetary Fund (IMF) examines how individuals in these nations are leveraging Bitcoin to manage their finances, bypassing capital controls through off-blockchain transactions.
Bitcoin's has been transforming traditional economic paradigms, and this transformation has opened it to both interest and scrutiny. The post Bitcoin has transformed cross-border transactions, IMF study notes appeared first on Crypto Briefing.
The IMF believes that central bank digital currencies (CBDCs) have the potential to eventually supplant cash in the monetary system of the world, according to the watchdog’s managing director Kristalina Georgieva.
The International Monetary Fund's planned CBDC handbook offers guidance for policymakers on how to explore digital versions of sovereign currencies.
The IMF says that state-issued digital currencies can replace cash, which is costly to distribute in island economies. While the adoption of central bank digital currencies (CBDCs) is nowhere close, they can eventually replace cash, which is “costly to distribute…
The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said.
The Group of Twenty accepted the regulatory roadmap proposed in a joint Synthesis Paper of the International Monetary Fund and the Financial Stability Board.