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india digital currency: RBI may come out with model on India's digital currency by year-end

“We are evaluating the issue of scope, technology, distribution and validation mechanism etc.” Sankar said. Earlier in July, Sankar had said that RBI is working toward a “phased implementation strategy” of CBDC in India where a pilot to test a general-purpose digital currency is a possibility in the near future. ....

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Cryptocurrencies are neither currency nor commodity; will bring bill soon: Anurag Thakur

Cryptocurrencies are neither currency nor commodity; will bring bill soon: Anurag Thakur
Thakur says existing laws are inadequate to deal with issue of digital currencies, which is why Centre has formed an inter-ministerial panel, and now bill is being finalised before it ll be sent to Cabinet
BusinessToday.In | February 9, 2021 | Updated 16:22 IST
Minister of State for Finance and Corporate Affairs Anurag Thakur
Minister of State for Finance and Corporate Affairs Anurag Thakur on Tuesday said regulatory bodies like Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) don t have a legal framework to directly regulate cryptocurrencies as they are neither currencies nor securities or commodities issued by an identifiable user. ....

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RBI MPC meet: 'Working on digital currency model, decision very soon', says Dy Gov BP Kanungo

RBI MPC meet: Working on digital currency model, decision very soon , says Dy Gov BP Kanungo
The RBI had earlier announced its intent to come out with an official digital currency, in the face of proliferation of cryptocurrencies like Bitcoin about which the central bank has had many concerns
PTI | February 5, 2021 | Updated 15:34 IST
With regard to digital currency, I think we have already released our document. Our digital payment document spells out that digital currency is work in progress in RBI, Governor Shaktikanta Das told reporters on Friday
An internal committee within the RBI is taking a close look at the model of the central bank s digital currency and will come out with its decision very soon , Deputy Governor B P Kanungo said on Friday. It can be noted that the RBI had earlier announced its intent to come out with an official digital currency, in the face of proliferation of cryptocurrencies like Bitcoin about which the central bank has had many ....

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India plans to bring law to ban cryptocurrencies, introduce official digital currency

India plans to bring law to ban cryptocurrencies, introduce official digital currency
The law will create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI), said the agenda
Reuters | January 31, 2021 | Updated 09:12 IST
India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.
The law will create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI), said the agenda, published on the lower house website on Friday. ....

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Budget session: Centre to unveil a law to ban private cryptocurrencies, introduce official digital currency

The Centre plans to bring in a series of bills that will usher in reforms in various sectors ....

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