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India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister

The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the…

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IMF: India Is on the Frontline of Digital Currencies — Especially How It Handles Crypto Risks

International Monetary Fund (IMF) Managing Director Kristalina Georgieva says India is “a country that is on the frontline of digital currencies,” especially “how it handles a reduction of risk from…

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RBI: Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in India

The governor of India’s central bank, the Reserve Bank of India (RBI), has reiterated his concerns that cryptocurrency is a “big threat” to the country’s financial and macroeconomic stability. He…

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Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister

India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will…

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Why did WazirX token WRX jump 30% after India announced its big crypto tax?

The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area.

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Indian Finance Minister Reveals Crypto Bill Had to Be Reworked Before Submitting to Cabinet

India’s finance minister, Nirmala Sitharaman, has revealed that the previous version of the cryptocurrency bill the government is pushing needed to be reworked. “This bill, once the Cabinet clears, will…

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