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While cryptocurrencies may be a boon to raise funds for a conflict-ridden country, it also leaves room for evading sanctions.
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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.
Taking stock of projects in advanced stages, the IMF proposed ways to operationalise CBDCs and navigate their risks.
Recently, PM Modi said that the digital rupee "will be completely controlled and monitored."
This may be a sign that India's crypto space is evolving into a mature financial market even as tax uncertainties loom.
The proposed rules have been met with criticism as an SEC commissioner herself warned that its scope is too broad.
