India


Policy

India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users

The RBI is seeking a provision that would allow customers to delete transactions to maintain anonymity if they so choose to.

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Policy

India and UAE to Collaborate on Developing Digital Currencies

The countries will see if their central bank digital currencies will be interoperable.

The Reserve Bank of India (Shutterstock)

Policy

India’s Crypto Industry Finally Sees Lawmakers Engaging

The event managed to bring senior leaders from India’s ruling party and the opposition benches.

Indian politicians and policy makers at a crypto event by CoinDCX and Bharat Web3 (Amitoj Singh/CoinDesk)

Policy

Bank Collapses Underscore G-20 Hesitance on Crypto: Source

As the current president of the G-20, India has the power to ask international bodies tasked with framing the global crypto rules to factor in recent bank collapses.

Indian fFnance Minister Nirmala Sitharaman (right) with U.S. Treasury Secretary Janet Yellen (Indian Finance Ministry)

Policy

IMF Had Warned G-20 Widespread Crypto Use Would Impact Banks

"Finally, banks may lose deposits and have to curtail lending," the report made available to the G-20 in February said.

IMF Managing Director Kristalina Georgieva (Helene Braun/CoinDesk)

Policy

India's Crypto Regulation Now Has Teeth, Experts Say

Bringing crypto companies into the purview of anti-money laundering rules imposes obligations and exposes them to fines for breaches.

The Internet and Mobile Association of India has disbanded its body representing India's crypto industry. (Laurentiu Morariu/Unsplash)

Policy

India's Crypto Businesses Handed Anti-Money Laundering Obligations for First Time

They will have to register with the Financial Intelligence Unit and voluntarily report suspicious activities.

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Policy

Indian Crypto Exchange BitBNS Says Law Enforcement Advised Against Making Hack Public

A $7.5 million hack of the exchange in February 2022 was uncovered earlier this week by ZachXBT, a pseudonymous crypto sleuth.

(Shutterstock)

Policy

Indian Cricket Board Tells Women's Premier League Teams to Shun Crypto Links

The BCCI told the teams that a breach could lead to punitive measures.

Women’s Indian Premier League auction. (BCCI)