RBI and SEBI to Release India Crypto Policy Paper in Q3
India’s financial regulators are working on cryptocurrency policy, with a discussion paper coming in Q3 2024, indicating a possible shift in India’s crypto approach. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) have joined an inter-ministerial committee that is responsible for the development of a comprehensive crypto policy. […]
Peru Adopts India’s Unified Payments Interface (UPI)
The Central Bank of the Republic of Peru (BCRP), partnering with the Reserve Bank of India, will establish a system comparable to India’s Unified Payments Interface (UPI). The BCRP and the Reserve Bank of India (RBI) jointly established the National Payments Corporation and participated in the transaction. The new system will facilitate financial inclusion in […]
Reserve Bank of India: Shaping the Digital Rupee Landscape
According to sources cited by Reuters, the Reserve Bank of India (RBI) is collaborating with banks to introduce innovative features intended to promote the digital rupee. These enhancements encompass several vital developments. Firstly, they involve facilitating offline digital rupee transactions and seamlessly integrating e-rupees into India’s widely utilized Unified Payments Interface (UPI). The UPI is […]
India Fosters Global Cross-Border Payments for Digital Rupee
The Reserve Bank of India (RBI) is on course to expand the frontiers of its Central Bank Digital Currency (CBDC), the “digital rupee”. The Reserve Bank of India (RBI) is presently in talks with counterparts from at least 18 other nations on the potential for cross-border payments using its Central Bank Digital Currency (CBDC), the […]
RBI Advises Banks to Adopt AI, Blockchain Technologies
Reserve Bank of India’s (RBI) Deputy Governor has recommended that Indian bank directors “adopt innovative technologies such as artificial intelligence (AI) and blockchain.” During a conference held by the Reserve Bank of India (RBI) for the directors of Indian institutions, the Deputy Governor, Mahesh Kumar Jain, discussed risk strategies for sustainable growth and stability. Jain […]