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RBI Contemplates “Central Bank Digital Currency” But Bans FIs From Dealing With Crypto

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The Reserve Bank of India (RBI) said on Thursday that it is considering the introduction of a “central bank digital currency,” stating that technological innovations, including cryptocurrencies and blockchain, have the potential to improve the efficiency and inclusiveness of the financial system. The RBI said...

Indian Factoring Exchanges Launch Blockchain Network

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Three factoring exchanges in India have joined hands to initiate and deploy a blockchain network. The new system, which went live this week, intends to provide a common platform for these exchanges to securely and confidentially share information, with the mission to reduce instances...

Former Indian Finance Minister: Cryptocurrencies Would be Difficult to Regulate

India’s relationship, or lack of, with the cryptocurrency market, is well known. Yet, even as the country struggles to decide whether it should attempt to ban them or not, one former finance ministry official has made the argument that they shouldn’t be permitted. In a...

Indian Policy Think Tank Develops Blockchain Proof-of-Concept

NITI Aayog, a policy think tank of the government of India, is exploring the use of blockchain. The agency is developing a proof-of-concept to leverage technology in key sectors such as education, health and agriculture, a senior government official told the Economic Times."It is...

The Indian Government is Considering its Own Cryptocurrency

The Indian government is reportedly considering its own digital currency, similar to bitcoin.The central government of India has discussed the proposal with a committee of government officials, according to an unnamed source, reports the Business Standard.As India’s central bank believes that digital currencies are...

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