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Cryptocurrencies hamper financial stability: RBI

Cryptocurrencies hamper financial stability: RBI

by AIP Online Bureau | Jun 6, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

In absence of any regulation, cryptocurrency is not yet illegal in India. India is currently working on a discussion paper for cryptocurrencies and an inter-ministerial group (IMG), comprising officials from RBI, Sebi and finance ministry, is looking into global norms...
Yet to finalise mechanism for regulating cryptocurrencies: Centre to SC

Yet to finalise mechanism for regulating cryptocurrencies: Centre to SC

by AIP Online Bureau | Jan 21, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology, Wealth Management/ Philanthropy

A bench of justices Surya Kant and K.V. Viswanathan was told by Additional Solicitor General Vikramjit Banerjee, appearing for the Centre, that the issues related to the digital currency are continuously evolving and the government is deliberating on the mechanism to...
SC refuses to entertain plea to frame guidelines for regulation of trading of cryptocurrencies

SC refuses to entertain plea to frame guidelines for regulation of trading of cryptocurrencies

by AIP Online Bureau | Nov 11, 2023 | Eco/Invest/Demography, Policy, Regulation, Risk Management, Technology

Insofar as the main reliefs are concerned, they are more in a nature of a legislative direction which the court cannot issue under Article 32 of the Constitution,” the bench said in its order passed on Friday New Delhi:, The Supreme Court has refused to...

IMF-FSB paper pitches for coordinated action to deal with cryptocurrencies

by AIP Online Bureau | Sep 8, 2023 | Eco/Invest/Demography, Indian News, Risk Management, Technology, Wealth Management/ Philanthropy

The policy roadmap suggested by the paper to mitigate cryptocurrency risks includes building institutional capacities beyond G20; enhancing global coordination, cooperation and information sharing; and addressing data gaps necessary to understand the rapidly changing...
Next financial crisis will come from private cryptocurrencies: RBI Governor

Next financial crisis will come from private cryptocurrencies: RBI Governor

by AIP Online Bureau | Dec 21, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology

Shaktikanta Das,governor, Reserve Bank of India RBI governor Shaktikanta Das on Wednesday said underlying economic activity in India continues to be strong, but external factors will cause some ”dent” to the economy Mumbai: India’s central bank chief...
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