Tag: RBI

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Reserve Bank of India (RBI) still favors crypto prohibition amid tax evasion fears

Tax authorities, meanwhile, are concerned about widespread underreporting. In the financial year ended March 2023, fewer than a quarter of the 645,000 individuals who...

RBI Backs Crypto Containment as India Prepares Policy Report

The Reserve Bank of India (RBI) reportedly backed a containment strategy for digital assets to shield banks and other financial institutions from exposure to...

Report: RBI Proposes Linking BRICS Central Bank Digital Currencies for Payments

India’s central bank proposes linking BRICS central bank digital currencies to ease cross‑border payments. The Reserve Bank of India reportedly recommended that a proposal...

India’s RBI Proposes BRICS CBDC Link for Cross-Border Payments

India’s central bank, the Reserve Bank of India (RBI), has reportedly proposed an initiative linking BRICS central bank digital currencies (CBDCs) to facilitate cross-border...