Rbi Discusses Cryptocurrencies, Reviews Economy At Board Meeting
Sanjiv Mehta, CMD, HUL said cryptocurrency is an issue which should be left to central bank to deal with. "RBI decides the monetary policy and it should be left on RBI to decide the future of cryptocurrency," he said.Uday Shankar, president, FICCI, said government is looking into the matter very seriously.
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The Central Board of Reserve Bank on Friday discussed various aspects related to Central Bank Digital Currency and private cryptocurrencies. The government has proposed to bring in legislation on cryptocurrencies.
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RBI Board discusses private cryptocurrencies, CBDC Business .
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Regulation Good News From RBI : RBI Regulation On Cryptocurrency. January 18, 2022 0 0. Share on Facebook Share
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RBI Governor for continued policy support to nurture economic revival: MPC minutes RBI has been a muling a strategy to roll out a central bank digital currency (CBDC) to counter private cryptocurrencies. It held a meeting last week to discuss various aspects related to the CBDC and private cryptocurrencies, it said in a statement.
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RBI cautions banks' chiefs on risk involved in cryptocurrency .
The Bill proposes the Reserve Bank of India (RBI) create an official digital currency, a Central Bank Digital Currency (CBDC), and it makes certain exceptions to promote the underlying technology.
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Less than a year after the Supreme Court struck down the ban on crypto currencies imposed by the Reserve Bank of India (RBI), the regulator has shot off a letter to commercial banks, alerting them about the risks involved with them. According to highly-placed sources in the central bank, a formal communication on the matter was sent to banks chiefs about 10 days ago.
RBI discussed issues relating to private cryptocurrencies at .
Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, the Reserve Bank of India (RBI .
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RBI discusses cryptocurrencies, reviews economy at board meeting. At its 592nd meeting held today in Lucknow, the RBI's central board of directors reviewed current domestic and global economic situation, evolving challenges and remedial measures, as well as various aspects related to central bank digital currency and private cryptocurrencies. Reserve Bank of India (RBI) Governor Shaktikanta Das today chaired the 592nd meeting of the apex bank's central board of directors in Lucknow.
Cryptocurrency What Happens When RBI Issues A Digital Currency?
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