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Coinbase says it has halted operations in India due to RBI pressure
Coinbase chief says the crypto exchange has stopped its trading service in India due to “informal pressure” by the Reserve Bank of India. Read more…
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India’s central bank may not use blockchain for digital rupee
The Reserve Bank of India is likely to avoid using blockchain technology for its proposed digital currency, the “digital rupee”. Read more…
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Reserve Bank of India bars Mastercard from issuing new cards
Reserve Bank of India has indefinitely barred Mastercard from issuing new cards to domestic customers for violating data storage rules. Read more…
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Millions of Indian bank customers expected to face huge disruption
Millions of Indian bank customers are expected to face huge disruption as recurring auto-debit payments may not go through with RBI new rule. Read more…
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Indian corporates form consortiums with banks, Big Tech for NUE licences
Indian corporates have partnered with global Big Techs and payments companies to form as many as four consortiums to apply for the license with the Reserve Bank of India (RBI) to become New Umbrella Entities (NUE). Read more…
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India plans ban on private cryptocurrencies but looks to create its own
India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency. Read more…
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Reserve Bank of India to look into digital lending apps for policy violations
Reserve Bank of India to look into digital lending practices, following reports of policy violations and borrower harassment by lending apps. Read more…
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WhatsApp Pay may get approval despite India’s RBI mulling stricter rules
India may finally give a nod to Facebook-owned WhatsApp to start its digital payment service, albeit in a calibrated manner. Read more…
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Reserve Bank of India (RBI) in bid to deepen digital payments
Reserve Bank of India (RBI) has constituted a panel with Infosys chairman Nandan Nilekani as its head in a bid to deepen digital payments in Asia’s third-biggest economy. Read more…
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RBI forcing global payment companies to store data locally
NEW DELHI (Reuters) – The Reserve Bank of India (RBI) will implement in full its directive that forces global payment companies to store data locally from this month, four sources told Reuters, a blow to Read more…