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Government Reportedly Mulling Stablecoin Adoption in Potential Policy Shift Even as RBI Flags Concerns
The government is assessing potential use cases for stablecoins in its upcoming Economic Survey for 2025-26, according to a report. Officials say the review may propose limited experimentation under a regulated framework. The move comes as India continues developing its digital currency plans through the RBI’s CBDC and weighs concerns around fina...
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From Courtrooms to CBDCs: WazirX Founder Nischal Shetty on India’s Evolving Crypto Sector
In an exclusive conversation with Gadgets 360, WazirX founder Nischal Shetty discusses the exchange’s phased relaunch after its cyberattack, India’s recent legal clarity on cryptocurrency, and the potential role of an INR-backed stablecoin. He explains why the exchange restarted gradually, addresses user concerns about withdrawals, and offers i...
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RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
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Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
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Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister
The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...
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‘Cannot Be Currencies’: FM Nirmala Sitharaman Spells India’s Stance on Crypto
Finance Minister Nirmala Sitharaman was asked Friday about India’s stance on cryptocurrencies. Sharing her response, the finance minister said that cryptocurrencies were not seen or perceived as ‘currency’ in India.
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E-Rupee CBDC Said to Hit RBI Target of 1 Million Daily Transactions by End of 2023
Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.
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India's Digital Currency Transactions Top 1 Million/Day In December: Report
Indian banks disbursed some employee benefits through digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.
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SBI Introduces UPI Interoperability With eRupee CBDC for Seamless Transactions
The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).
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Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report
The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday. Currently, large state-owned and private lenders, including State Bank of India, Bank of Baroda, ICICI Bank, HDFC Bank, Ko...
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"Aim To Increase E-Rupee Transactions To 10 Lakh Per Day": RBI Deputy Governor
At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.
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Rise In Digital Payments A Reason To Withdraw Rs 2,000 Notes, Says RBI
The Reserve Bank of India (RBI) will withdraw Rs 2,000 denomination banknotes that were in circulation since 2016. The central bank mentioned several reasons that influenced its decision to withdraw the currency notes.
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RBI's CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's e-Rupee platfor...
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Government Reportedly Mulling Stablecoin Adoption in Potential Policy Shift Even as RBI Flags Concerns
The government is assessing potential use cases for stablecoins in its upcoming Economic Survey for 2025-26, according to a report. Officials say the review may propose limited experimentation under a regulated framework. The move comes as India continues developing its digital currency plans through the RBI’s CBDC and weighs concerns around fina...
-
From Courtrooms to CBDCs: WazirX Founder Nischal Shetty on India’s Evolving Crypto Sector
In an exclusive conversation with Gadgets 360, WazirX founder Nischal Shetty discusses the exchange’s phased relaunch after its cyberattack, India’s recent legal clarity on cryptocurrency, and the potential role of an INR-backed stablecoin. He explains why the exchange restarted gradually, addresses user concerns about withdrawals, and offers i...
-
RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
-
Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
-
Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister
The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...
-
‘Cannot Be Currencies’: FM Nirmala Sitharaman Spells India’s Stance on Crypto
Finance Minister Nirmala Sitharaman was asked Friday about India’s stance on cryptocurrencies. Sharing her response, the finance minister said that cryptocurrencies were not seen or perceived as ‘currency’ in India.
-
E-Rupee CBDC Said to Hit RBI Target of 1 Million Daily Transactions by End of 2023
Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.
-
India's Digital Currency Transactions Top 1 Million/Day In December: Report
Indian banks disbursed some employee benefits through digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.
-
SBI Introduces UPI Interoperability With eRupee CBDC for Seamless Transactions
The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).
-
Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report
The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday. Currently, large state-owned and private lenders, including State Bank of India, Bank of Baroda, ICICI Bank, HDFC Bank, Ko...
-
"Aim To Increase E-Rupee Transactions To 10 Lakh Per Day": RBI Deputy Governor
At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.
-
Rise In Digital Payments A Reason To Withdraw Rs 2,000 Notes, Says RBI
The Reserve Bank of India (RBI) will withdraw Rs 2,000 denomination banknotes that were in circulation since 2016. The central bank mentioned several reasons that influenced its decision to withdraw the currency notes.
-
RBI's CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's e-Rupee platfor...
