RBI


Policy

Unpacking India's CBDC Pilots as Country Prepares for Digital Rupee

India launched two CBDC pilots last year, a wholesale CBDC and a retail CBDC.

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

Policy

Next Financial Crisis Will Be From Crypto if It's Not Banned: Indian Central Bank Governor

India currently holds the presidency of the G-20, giving the nation powers to determine the agenda around discussions regarding global crypto rule-making.

Reserve Bank of India (Shutterstock)

Policy

India's Central Bank to Start Wholesale CBDC Pilot Nov. 1

A pilot for a retail version will start within a month.

Reserve Bank of India (Shutterstock)

Policy

RBI Governor Says Central Bank's Warnings Pushed People to Avoid Crypto: Report

The central bank has maintained banning cryptocurrency is the most suitable choice for India.

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

Finance

RBI, Indian Banks to Pilot Blockchain Trade Financing: Report

HDFC Bank, ICICI Bank and State Bank of India are among those participating in the project designed to prevent loan fraud.

RBI entrance in New Delhi, India

Policy

The Curious Case of Coinbase's India Communications Strategy

Reverberations remain from the company's ill-fated Indian launch.

Coinbase CEO Brian Armstrong. (Steven Ferdman/Getty Images)

Policy

After Armstrong Tweet, India's Crypto Policy Body Says No Contempt of Court Challenge vs. RBI

The Coinbase CEO last month suggested the RBI's "shadow ban" of crypto exchanges violated a Supreme Court ruling.

CoinDesk placeholder image

Policy

Indian Central Bank Says Cryptos Could Lead to ‘Dollarization’ of Economy: Report

RBI officials said cryptocurrencies could undermine the central bank's capacity to regulate the flow of money.

Parliament House in New Delhi, India (Unsplash)

Finance

Some Indian Payment Processors Cut Off Local Crypto Exchanges

The moves follow a new tax on crypto profits and come as regulators pressure the payments companies, sources say.

CoinDesk placeholder image

Finance

Coinbase's Trading Launch in India Hits Snag With Payments System

The entity that governs UPI, India's payment system, say it's "not aware" of any crypto exchange using the system.

Bangalore, Karnataka, India (Abdullah Ahmad/Unsplash)

Pageof 5