Rbi Deputy Governor T Rabi Sankar

Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was "unconscionable", and India is in talks with more jurisdictions to make a material impact on cross-border

At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.

Getting fake currency notes in coin vending machines led the Reserve Bank to announce the unified payment system-based alternative, Deputy Governor T Rabi Sankar said on Wednesday.

The pilot project started on December 1 has witnessed 7.70 lakh transactions, and is now being carried out in five cities, Deputy Governor T Rabi Sankar said.

Central bank digital currencies (CBDC) transactions would remain anonymous to a certain degree, Reserve Bank of India Deputy Governor T Rabi Sankar said on Wednesday. The IT department allows cash transactions up to a certain limit to be carried out without government ID proof, but the RBI is yet to clarified the degree to which CBDC transactions w...

Central bank digital currency (CBDC), to be launched this year, could become a tool for reducing time and cost for cross-border transactions, Reserve Bank Deputy Governor T Rabi Sankar said on Wednesday.

Chief Economic Adviser V Anantha Nageswaran said on Thursday that crypto currencies have yet to pass the test to become fiat currency

As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.

Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Thursday said the soon-to-be-introduced central bank digital currencies (CBDCs) can "kill" whatever little case that exists for private virtual currencies like Bitcoin.

Commerce Secretary B V R Subrahmanyam on Wednesday denied that any official negotiations are going on with Russia over Rupee-Rouble payment

Reserve Bank of India Deputy Governor T Rabi Sankar said a nuanced and calibrated approach is essential for launch of India's maiden digital currency as it would have various implications for the economy and monetary policy.

Cryptocurrencies are akin to Ponzi schemes or worse, says deputy RBI governor T. Rabi Sankar, adding that one can’t regulate something that one can’t define.

Making a strong case for banning cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Monday said they are even worse than Ponzi schemes and threaten the financial sovereignty of a country.

India is on the verge of achieving its long standing target of capital account convertibility, RBI deputy governor T Rabi Sankar said

The Reserve Bank of India (RBI) is working on a phased implementation strategy for its own digital currency and is in the process of launching it in wholesale and retail segments soon, RBI Deputy Governor T Rabi Sankar said.

Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was "unconscionable", and India is in talks with more jurisdictions to make a material impact on cross-border

At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.

Getting fake currency notes in coin vending machines led the Reserve Bank to announce the unified payment system-based alternative, Deputy Governor T Rabi Sankar said on Wednesday.

The pilot project started on December 1 has witnessed 7.70 lakh transactions, and is now being carried out in five cities, Deputy Governor T Rabi Sankar said.

Central bank digital currencies (CBDC) transactions would remain anonymous to a certain degree, Reserve Bank of India Deputy Governor T Rabi Sankar said on Wednesday. The IT department allows cash transactions up to a certain limit to be carried out without government ID proof, but the RBI is yet to clarified the degree to which CBDC transactions w...

Central bank digital currency (CBDC), to be launched this year, could become a tool for reducing time and cost for cross-border transactions, Reserve Bank Deputy Governor T Rabi Sankar said on Wednesday.

Chief Economic Adviser V Anantha Nageswaran said on Thursday that crypto currencies have yet to pass the test to become fiat currency

As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.

Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Thursday said the soon-to-be-introduced central bank digital currencies (CBDCs) can "kill" whatever little case that exists for private virtual currencies like Bitcoin.

Commerce Secretary B V R Subrahmanyam on Wednesday denied that any official negotiations are going on with Russia over Rupee-Rouble payment

Reserve Bank of India Deputy Governor T Rabi Sankar said a nuanced and calibrated approach is essential for launch of India's maiden digital currency as it would have various implications for the economy and monetary policy.

Cryptocurrencies are akin to Ponzi schemes or worse, says deputy RBI governor T. Rabi Sankar, adding that one can’t regulate something that one can’t define.

Making a strong case for banning cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Monday said they are even worse than Ponzi schemes and threaten the financial sovereignty of a country.

India is on the verge of achieving its long standing target of capital account convertibility, RBI deputy governor T Rabi Sankar said

The Reserve Bank of India (RBI) is working on a phased implementation strategy for its own digital currency and is in the process of launching it in wholesale and retail segments soon, RBI Deputy Governor T Rabi Sankar said.