To promote innovation in payment services, demanded by the accelerated digital transformation underway in the global economy, the discussion about the issuance...
The IAMAI-Blockchain and Crypto Assets Council is setting up a board to oversee the implementation of self-regulatory code of conducts for crypto exchanges.
A new official notice published by the Reserve Bank of India (RBI) has positively impacted crypto enthusiasts in India as the central bank pointed out that a previous circular preventing banks from making business with crypto industries is no longer valid. The notice was addressed to all commercials and cooperative banks, payment banks, small finance [...]
In April 2018, the Reserve Bank of India (RBI) asked local banks to stop providing services to cryptocurrency exchanges and related businesses, subsequently halting fiat-to-crypto trading in the country. Since then, many Indian exchanges have been struggling to keep up their payment channels as the banks sever ties with them despite the Supreme Court ruling […]
A former official of the People’s Bank of China (PBOC) argued that contrary to opinions about China’s central bank digital currency (CBDC), the digital yuan was not developed for monitoring purposes. Digital Yuan Not For Tracking Citizens’ Payments According to Bloomberg on May 30, Yao Qian, the former director of the PBOC’s Digital Currency InstituteRead More
India’s central bank clears ambiguity over crypto regulations in the country. Banks Can’t Advise Against Trading in Crypto In a tweet posted today, the Reserve Bank of India (RBI) cleared clouds of confusion regarding the regulatory nature of cryptocurrencies in India. Customer Due Diligence for transactions in Virtual Currencies (VC)https://t.co/iAUAx8KpRh — ReserveBankOfIndia (@RBI) May 31,Read More
The Reserve Bank of India, the country’s central bank, released a new directive today after local banks ceased crypto services for users citing a directive from 2018, an official filing shows.