Bitcoin Forum
December 14, 2018, 06:39:08 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [05-04-2018] Reserve Bank of India may start its own version of digital currency  (Read 25 times)
AltEvangelist
Jr. Member
*
Offline Offline

Activity: 113
Merit: 1


View Profile
April 05, 2018, 11:31:42 AM
 #1

The Reserve Bank of India (RBI) on Thursday said that it is looking at the possibility of introducing a 'central bank digital currency'. Briefing the media at the end of the two-day meeting of Monetary Policy Committee (MPC) of the RBI, Deputy Governor B P Kanungo said, "While many central banks are still engaged in the debate, an inter-departmental group has been constituted by the Reserve Bank to study and provide guidance on the desirability and feasibility to introduce a central bank digital currency." The report will be submitted by end-June 2018, he added.

This is after RBI has given out repeated warnings to Indian citizens to refrain from indulging in cryptocurrencies. This is the most confusing piece of news I have read in recent times. Even in this statement they have "directed banks and regulated entities not to deal with or provide services to individuals or businesses dealing in virtual currencies". Either banks and governments are totally confused how to deal with crypto or they are deliberately moving to outlaw it.

Read more here: https://m.timesofindia.com/business/india-business/rbi-may-introduce-its-own-version-of-digital-currency/amp_articleshow/63627093.cms

CRYZEN.COM | CRYPTOCURRENCY ALGORITHMIC TRADING PLATFORM
⚫ Presale starts September 1st, 2018  ⚫
1544812748
Hero Member
*
Offline Offline

Posts: 1544812748

View Profile Personal Message (Offline)

Ignore
1544812748
Reply with quote  #2

1544812748
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1544812748
Hero Member
*
Offline Offline

Posts: 1544812748

View Profile Personal Message (Offline)

Ignore
1544812748
Reply with quote  #2

1544812748
Report to moderator
1544812748
Hero Member
*
Offline Offline

Posts: 1544812748

View Profile Personal Message (Offline)

Ignore
1544812748
Reply with quote  #2

1544812748
Report to moderator
1544812748
Hero Member
*
Offline Offline

Posts: 1544812748

View Profile Personal Message (Offline)

Ignore
1544812748
Reply with quote  #2

1544812748
Report to moderator
AltEvangelist
Jr. Member
*
Offline Offline

Activity: 113
Merit: 1


View Profile
April 06, 2018, 02:26:18 PM
 #2

There's an ongoing Change.org petition that will be sent to RBI once 10,000 signatures are reached: https://www.change.org/p/rbi-make-india-at-the-forefront-of-blockchain-applications-revolution

Let's do this people!

CRYZEN.COM | CRYPTOCURRENCY ALGORITHMIC TRADING PLATFORM
⚫ Presale starts September 1st, 2018  ⚫
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!