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The upcoming legislation requires mandatory authorisation for any person to engage in crypto-related activities.
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The upcoming legislation requires mandatory authorisation for any person to engage in crypto-related activities.
The Biden administration is also exploring introducing a digital dollar.
The finance minister also indicated the government's stance on digital banking and IP-related concerns.
The new subsidiary is expected to act as a bridge between traditional finance and crypto.
While cryptocurrencies may be a boon to raise funds for a conflict-ridden country, it also leaves room for evading sanctions.
The government first announced its plans for a CBDC in January 2021, but the progress has been sluggish.
Spanning various ad formats, the minimum requirements laid down by ASCI was met with acceptance by crypto industry heads.
This move by the world’s largest stock exchange can have a significant impact on the adoption of cryptocurrencies and NFTs.
The central bank official shared his no-holds-barred opinions on risks and regulatory challenges posed by cryptocurrencies.
He also revealed that the RBI is working out the chinks in its CBDC project, but stopped short of providing a timeline.
