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  PhonePe, GooglePay may soon offer RBI e-rupee: Here's what it is and how it works

  Technology | August 06, 2024 9:50 IST

  PhonePe, Google Pay, and three other platforms are set to join the RBI e-rupee pilot. The e-rupee is a form of digital legal tender, which will be accepted as a medium of payment, legal tender, and a safe store of value.

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  Digital currency to further bolster digital economy, make payment system more efficient: RBI

  Business | January 25, 2023 18:42 IST

  Another official of the RBI said users of Central Bank Digital Currency in the retail segment will reach 50,000 by the end of this month.

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  RBI announces launch of first pilot for retail digital rupee

  Business | November 29, 2022 16:42 IST

  The RBI has said the e₹-R would offer features of physical cash like trust, safety and settlement finality.

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  FTX Crash: Who is Nishad Singh, under scrutiny for crypto exchange bankruptcy

  Business | November 14, 2022 13:07 IST

  FTX bankruptcy news: Beleaguered crypto exchange FTX recently admitted that "unauthorised transactions" have drained hundreds of millions of dollars from its wallets, saying the company has moved many digital assets to a new "cold wallet custodian".

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  What's happening at bankrupt crypto exchange FTX? EXPLAINED

  Business | November 14, 2022 12:04 IST

  FTX bankruptcy news: Customers fled the exchange over fears about whether FTX had sufficient capital, and it agreed to sell itself to rival crypto exchange Binance.

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  CBDC will transform the way of doing business: RBI Governor Shaktikanta Das on e-rupee launch

  Business | November 02, 2022 19:19 IST

  The RBI Governor termed the launch of the central bank digital currency (CBDC) as a landmark moment in the history of currencies in the country.

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  RBI to launch first pilot of Digital Rupee today

  Business | November 01, 2022 0:18 IST

  The Reserve Bank of India (RBI) will launch first pilot of Digital Rupee for the wholesale segment on November 1, 2022 (Tuesday), a statement said on Monday.

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  RBI to soon launch e-rupee on pilot basis for limited use

  Business | October 07, 2022 17:53 IST

  Digital money: "As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e-rupee, from time to time," the central bank said in a concept note on Central Bank Digital Currency (CBDC).

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  RBI looking at 'pros and cons' ahead of digital currency launch

  Business | May 27, 2022 17:39 IST

  The introduction of CBDC (Central Bank Digital Currency) was announced in the Union Budget 2022-23 and an appropriate amendment to the RBI Act, 1934 has been included in the Finance Bill, 2022, RBI said in its annual report for 2021-22 released on Friday. 

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  Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor

  Business | February 14, 2022 22:03 IST

  We have seen that crypto-technology is underpinned by a philosophy to evade government controls. Cryptocurrencies have specifically been developed to bypass the regulated financial system. These should be reason enough to treat them with caution, RBI Deputy Governor T Rabi Sankar said.

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  Discussions underway with RBI on crypto, digital currency: FM Sitharaman

  Business | February 14, 2022 22:09 IST

  Sitharaman, in her Budget speech on February 1, had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year. She had also announced the government will levy 30 per cent tax on gains made from any other private digital assets from April 1.

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  Discussions on with RBI over digital currency, says Finance Minister Sitharaman

  Business | February 14, 2022 16:50 IST

  Replying to questions after addressing the RBI's Central Board of Directors on Monday, Finance Minister Sitharaman said the central bank and the government are on board regarding digital currencies.

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  India's digital currency to debut by early 2023: Government source

  Business | February 06, 2022 12:31 IST

  A top government source, who wished not to be identified said, the digital currency issued by the RBI would be numbered in units, just like every fiat currency has an unique number.

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  Will Bitcoin, Ethereum, NFT become legal tender? Here's what Govt says

  Business | February 02, 2022 18:31 IST

  Bitcoin, Ethereum, or NFT will never become legal tender. Crypto assets are assets whose value will be determined between two people. You can buy gold, diamond, crypto, but that will have not have the value authorization by the government, Finance Secretary said.

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  Digital rupee proposed in Budget 2022, can be exchanged for cash: PM

  Business | February 02, 2022 16:10 IST

  Finance Minister Nirmala Sitharaman had announced that India will launch a 'digital rupee' in 2022-23 using blockchain and other technologies.

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  Cryptocurrency: India's own digital currency to come soon; how much tax it will attract | Key points

  Business | February 01, 2022 14:36 IST

  Budget 2022: With this, India will join certain countries that have their own central bank digital currency (CBDC) that refers to the virtual form of a fiat currency. She also said Rs 1 lakh crore financial assistance to states will be provided in 2022-23 to catalyse investments.

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  Budget 2022: 2022 to witness roll out of 5G services, announces Nirmala Sitharaman in her budget speech

  News | February 01, 2022 15:00 IST

  While giving her budget speech in the Indian parliament, Nirmala Sitharaman highlighted that the Union Govt has plans to roll out 5G services in the country in the current financial year.

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  India imposes 30% tax on income from cryptocurrency, digital assets; 1% TDS on buy/sale

  Business | February 01, 2022 13:54 IST

  The tax proposals will come into effect from April 1 after the passage of the Union Budget in Parliament.

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  Budget 2022: RBI to launch digital currency, announces Nirmala Sitharaman in her budget speech

  News | February 01, 2022 13:47 IST

  Finance Minister Nirmala Sitharaman while announcing the annual budget for the financial year 2022-23, said that RBI will be launching India's very own cryptocurrency soon.

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  India to have its own Digital Currency: What FM said in her Budget speech

  Business | February 01, 2022 14:02 IST

  Sitharaman had replaced her signature 'bahi khata', last year. Today, she opted to carry the documents in a tablet, which was wrapped in a red-coloured cover.