India News » Karnataka News India » Karnataka » Cryptocurrencies: India's RBI plans digital currency to replace unregulated cryptocurrencies
India will introduce a sovereign-backed digital currency under the Reserve Bank of India (RBI), as it discourages the use of private cryptocurrencies due to their lack of asset “backing.” According to ...
News India » Karnataka » Cryptocurrencies: Digital Rupee Coming Soon: India Plans Sovereign-Backed Alternative To Cryptocurrencies
Indian Commerce and Industry Minister Piyush Goyal announced that India will soon launch a digital currency backed by the Reserve Bank of India (RBI), designed to facilitate faster, paperless, and ...
News India » Karnataka » Cryptocurrencies: India Backs G20's Global Framework For Cryptocurrencies, Urges Focus On Developing Countries
India supports FSB's proposed global framework, highlights importance of addressing crypto risks. Regulators urged to ensure robust cross-border cooperation. China’s new tariffs just reignited the ...
News India » Karnataka » Cryptocurrencies: Reserve Bank of India says crypto rules risk legitimizing sector: Report
India is reportedly delaying comprehensive crypto regulation as its central bank warns rules could legitimize digital assets and create systemic risks. Update (Sept. 12, 2025, at 2:20 pm UTC): This ...
News India » Karnataka » Cryptocurrencies: India sows confusion with plan to ban 'private cryptocurrencies'
India is flirting with a ban on cryptocurrencies. Prime Minister Narendra Modi's government on Tuesday said that it is preparing to introduce a bill that would regulate digital currencies. Other WRAL ...
News India » Karnataka » Cryptocurrencies: India mulls law to ban private cryptocurrencies, introduce official digital currency
India is considering bringing a law to ban transactions of private cryptocurrencies in the country, albeit with certain exceptions. The legislation would also seek to create a new official digital ...
News India » Karnataka » Cryptocurrencies: Probe Agency ED Raids 6 Bengaluru Crypto Firms Over Rs 2,500-Crore Violations
The Directorate of Enforcement (ED) has carried out searches at six locations in Bengaluru as part of an investigation into alleged large-scale violations of the Foreign Exchange Management Act (FEMA) ...
News India » Karnataka » Cryptocurrencies: India announces bill to ban cryptocurrencies
Prime Minister Narendra Modi warned last week that Bitcoin presents a risk to younger generations – Copyright AFP Ozan KOSE India’s government will introduce a ...
News India » Karnataka » Cryptocurrencies: Cryptocurrencies pose risks to EMs, India's stand remains unchanged - cenbank chief
MUMBAI, Jan 11 (Reuters) - Cryptocurrencies can pose significant risks to emerging markets, the Reserve Bank of India (RBI) chief said on Thursday, cautioning that the central bank's stand on the ...