RBI

Indian Finance Minister Nirmala Sitharaman (right) ahead of India’s G20 Presidency with U.S. Treasury Secretary Janet Yellen. (Indian Finance Ministry)

G20 nations, supported by the FSB and IMF under India’s presidency, are set to bring into implementation perhaps the first global crypto regulations ahead of the Leaders’ Summit in September.

By Amitoj Singh

Aug 15, 2023 at 4:30 p.m. UTC

Aug 15, 2023

RegulationsG20CryptoFsbIndiaIMFRBIFinance MinistryNirmala SitharamanFederal ReserveNarendra Modi

Stablecoins Pose 'Existential Threat' to Policy Sovereignty, Says India Central Bank Official: Report

"If large stablecoins are linked to some other currency, there is a risk of dollarization," RBI Deputy Governor Rabi Sankar has said.

By Amitoj Singh

Jul 12, 2023 at 9:35 a.m. UTC

Jul 12, 2023

RegulationsStablecoinsRBICentral BankIndiaG7G20

(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)

India's RBI Intends to Push G-20 to Focus on Crypto's Macro Risks

The move is seen as a step to attract attention towards how crypto can hurt or change the global economy rather than just nations and customers individually, government sources have told CoinDesk previously.

By Amitoj Singh

May 30, 2023 at 12:02 p.m. UTC

May 30, 2023

RegulationsIndiaCryptoRBIG 20FsbIMF

Shaktikanta Das, RBI Governor, and Nirmala Sitharaman, Indian Finance Minister (Indian Ministry of Finance)

Policy

Regulations

India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources

Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December.

By Amitoj Singh

Apr 6, 2023 at 10:25 a.m. UTC

Apr 6, 2023

RegulationsIndiaCBDCRBIExclusive

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister (Indian Ministry of Finance)

Policy

Regulations

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.

By Amitoj Singh

Mar 21, 2023 at 1:26 p.m. UTC

Mar 21, 2023

RegulationsRBIIndiaPrivacyCBDCsdigital rupee

Policy

Regulations

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.

By Amitoj Singh

Feb 8, 2023 at 3:00 a.m. UTC

Feb 8, 2023

RegulationsIndiaRBIReserve Bank of IndiaCBDCsRetaildigital rupee

Policy

India

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.

By Amitoj Singh

Dec 21, 2022 at 9:53 a.m. UTC

Dec 21, 2022

IndiaRBICentral Bankfinancial crisisCrypto