Page 8 - Digital Currency

Reserve Bank of India red-flags cryptocurrency risks in board meet

Officials say introduction of CBDCs will obviate need for private cryptos

Banning of crypto poses challenges: IMF chief economist Gita Gopinath

Gopinath's comments come at a time when the government is looking to bring a Bill on cryptocurrency regulation

Cryptos 'may figure' on RBI central board meet agenda on December 17

It is not unusual for the RBI board to deliberate on matters not listed on the agenda

Treat crypto or digital tokens as securities of special class, says CII

Crypto or digital tokens should be treated as securities of a special class to which the provisions of existing securities regulations will not apply, CII said in a statement.

Need to ensure safety of CBDCs before introduction: RBI Governor

The main concern comes from the angle of cyber security and possibility of digital frauds, which merits more care before it is introduced, said RBI governor Shaktikanta Das

Cyber security, frauds main concerns with digital currency: RBI

The RBI had earlier this year announced that it has started work on a central bank digital currency

India is said to consider capital markets regulator for cryptos: Report

Govt is also likely to give crypto holders a deadline to declare assets, say sources

The tech holes that ensure that crypto can never be effectively banned

It is estimated that $1.25 billion worth of cryptocurrency transactions have happened on decentralised finance platforms from India

Indians' 'immense trust' in fintech must be respected, says PM Modi

PM calls fintech a 'revolution that helps to achieve financial empowerment of every single citizen of the country'.

Where does India stand on central bank digital currency?

Sixteen of the 90 countries in the world are in the pilot stage of central bank digital currencies

No proposal to recognise Bitcoin as currency: FM Nirmala Sitharaman

The government plans to introduce a Bill in this regard - the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 - in the ongoing session

RBI wants digital currency included under definition of 'bank note': FinMin

RBI is working out a phased implementation strategy for introduction of Central Bank Digital Currency with little or no disruption

Cryptocurrency exchange Coinstore enters India despite pending trade curbs

Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi and Mumbai

How to regulate cryptocurrencies

A systematic approach to designing the correct regulatory strategy

As crypto slips, young investors resist urge to press panic button

With no amount too small to begin with, many youngsters have been experimenting with investment in digital portfolios

Top headlines: India to ban private cryptos; Paytm hurts unlisted shares

Private hospitals sitting on 10 million unused Covid-19 vax doses; Paytm debacle roils market for unlisted shares. More in today's top headlines

Visa Inc's Amazon blues will shape the digital cash debate

E-commerce and social media giants could use this cash flowing into their tokens to offer credit to merchants, with repayments deducted on every sale at zero collection cost

For CoinSwitch Kuber's Ashish Singhal, simplicity is the mantra for success

Singhal, whose company became a unicorn last month, is determined to reach out to sceptics who have FUD - crypto slag for fear, uncertainty and doubt, writes Ritwik Sharma

PM Narendra Modi urges nations to ensure crypto doesn't spoil youth

Modi also said the democracies must invest together in the research and development of future technology

India may create obstacles to crypto trading and holding: Report

MUMBAI/NEW DELHI (Reuters) - India plans to tighten regulation of cryptocurrencies to deter investors from holding them though the government is unlikely to follow through with an earlier plan to ban private digital coins, according to two sources familiar with the discussions.