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“The Rs. 2000 note was introduced with the specific purpose of replenishing currency during the demonetisation; the purpose has been served. ” There is no pressing need for the general population to hurry to banks as there is still sufficient time remaining (four months). According to the Governor of the RBI, Shaktikanta Das, “We expect … Read more
The ‘Crypto-token Regulation Bill of 2018’ proposed outright prohibition of virtual currency. The bill was eventually rejected after significant lobbying by business interests. Instead, the Reserve Bank of India (RBI) issued an order in April 2018 instructing banks to avoid trading in virtual currencies or providing services related to them. The order was appealed by … Read more
Official Digital Currency Regulation and Cryptocurrency Bill 2021 aims to build a framework that will make it easier for the Reserve Bank of India to launch an official digital currency. All crypto values dropped by 15% or more hours after the government said that it will introduce the cryptocurrency law in Parliament’s winter session, which … Read more
The Reserve Bank of India (RBI) is still a critic, but it is now working on a digital currency. The government may submit a crypto law to the cabinet for consideration. According to those acquainted with the situation, India is considering innovative and forward-thinking regulations on cryptocurrencies, a move that could be a break from … Read more
Shaktikanta Das of the Reserve Bank of India (RBI) has issued a warning against cryptocurrencies, warning investors about the possible dangers of the digital money. Cryptocurrencies are a major source of concern in terms of macroeconomic and financial stability, according to Das. Shaktikanta Das’s remarks come at a time when the crypto frenzy is still … Read more