2022-12-30 13:00 |
The Reserve Bank of India (RBI) is making concerted efforts at the global level to devise a common means of regulating or prohibiting unbanked crypto assets. origin »
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Facebook's Libra has been in a tough spot since its inception. Though conceptualization was way back in July 2018, David Marcus and his team have faced constant pushbacks from policymakers and regulatThe post Libra can 'improve India's financial inclusion for the unbanked' appeared first on AMBCrypto.
2019-12-28 23:30 | |
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While India took a giant leap forward with the launch of its second moon mission, Chandrayaan-2, it also took a step back after an Inter-Ministerial Committee recommended a ban on “private cryptocurrencies.
2019-7-23 17:30 | |
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In order to empower the unbanked, Telangana, India, has collaborated with Cognito Technologies, a UK-based startup, to offer credit ratings to the population. Speaking about the initiative, the co-founder of Cognito technologies, Murali Muhan Duvvuru said that: “In phase-1, the entire process of loan disbursement and repayments will be recorded on Blockchain ledgers using smart […]
2019-1-14 08:30 | |
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India’s digital currency, known as the e-rupee, is experiencing a sharp decline in activity after local banks ceased artificially inflating its metrics. India‘s central bank digital currency (CBDC) appears to be losing momentum, dropping sharply to a fraction of its…
The Yes Bank app’s UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch in December.
The feature is envisaged as part of the country’s national web browser project.
In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.
The Reserve Bank of India (RBI) announced on Friday that it would begin the pilot launch of the e-Rupee for retail transactions.
With authorities in India still unsure on how to deal with the crypto industry, the apex bank of the Asian country has reportedly made it clear that it would prefer the country to tow the China path by completely banning crypto.