RBI Bars Paytm Payments Bank From Onboarding New Customers
The RBI on Friday asked Paytm Payments Bank to stop opening new accounts amid “material supervisory concerns” observed in the…
Digital Rupee: ‘We See Clear Advantages in a CBDC’, Finance Minister Says
Union Finance Minister Nirmala Sitharaman on Tuesday said the ‘Digital Rupee’ is a conscious call taken in consultation with the…
RBI Deputy Governor Says Cryptocurrencies Are Ponzi Schemes or Worse
Cryptocurrencies are akin to Ponzi schemes or worse and banning them is the most sensible option for India to avoid…
Crypto Exchanges, Fintech Industry Optimistic About Digital Rupee Launch
Digital Rupee, the anticipated Central Bank Digital Currency (CBDC), is planned to be launched in 2022–23, Finance Minister Nirmala Sitharaman…
Crypto Legalisation May Cost Central Bank Money Supply Control: Ex-RBI Chief
At a time when India is planning to regulate the crypto space, Duvvuri Subbarao, the former governor of the Reserve…
At Crypto Meet Chaired by PM Modi, Discussions Over Regulation
Amid concerns over misleading claims of huge returns on cryptocurrency investment, Prime Minister Narendra Modi on Saturday chaired a meeting on the…
Government Invites Crypto Players to Discuss Impacts of Crypto Expansion
Government officials have invited top crypto stakeholders for a meeting. Several crypto-based companies including CoinSwitch Kuber, CoinDCX, WazirX, and Crypto…
Expect Hiccups in Auto-Debit Transactions as New RBI Rules Kick In
Auto-debit rules that were laid down by the Reserve Bank of India (RBI) in 2019 for recurring online transactions finally…
Netflix Now Supports UPI AutoPay Payments in India
Netflix is now rolling out support for UPI Autopay payments in India that will allow you to pay for your…
RBI Contemplating Pilot Launch of Digital Currency in Near Future
The Reserve Bank is working on a phased implementation strategy for its own digital currency and is in the process…