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RBI
RBI Chief’s Crypto Warning; Korean Crypto Execs Jailed
Indian central bank chief says crypto “not even a tulip.” Korean gaming giant Netmarble partners with Binance. Korean crypto exchange execs found guilty in $1.9 billion fraud case. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
India’s Central Bank Creates Fintech Department That Will Address CBDC
The bank is working on a digital currency, and parliament is set to consider crypto regulations.
Crypto Adoption Numbers in India Could Be ‘Exaggerated,’ Says RBI Governor
Shaktikanta Das said he is “not so sure about the numbers which being quoted.”
Tax Crypto Based on Payments Channel, Former Indian Official Says
The former central banker stressed the need to keep a tab on crypto transactions through a central repository.
India's ICICI Bank Stops Customers From Making Overseas Crypto Investments
ICICI Bank is telling customers not to use foreign remittances to invest in cryptocurrencies.
India’s Government May Form Panel to Study Regulating Crypto: Report
The news comes amid the view that proposals for a blanket ban are outdated.
Reserve Bank of India Discourages Lenders From Dealing With Crypto Exchanges: Report
India’s central bank has been unofficially asking banks why they are dealing with crypto businesses.
India's Central Bank Sees Pros and Cons With National Digital Currency
A CBDC could promote financial inclusion but also poses a risk of harming the banking system, the RBI said in a report.
India's Rumored Crypto Ban May Be Overblown, Say Industry Pros
Talk that India might be considering a new ban on crypto may be premature, said exchange founders and startup CEOs working in the sector.
India's Central Bank Removes Lingering Confusion Over Banking for Crypto Firms
India's commercial banks can indeed provide banking services to traders and firms dealing in cryptocurrencies, the RBI has clarified.