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Tag: RBI

eRupee: You cannot convert the e-currency to cash for “NOW”

Currently, the central bank digital currency (CBDC) or the eRupee cannot be converted into cash or vice versa. The Reserve Bank of India will only issue eRupees against bank deposits (RBI). ...

RBI Governor calls Crypto currencies an equivalent to Gambling

Shaktikanta Das, Governor of the Reserve Bank of India (RBI), reiterated on Friday that crypto currencies are equivalent to gambling because their perceived value is purely speculative. Das, speaking at a media event...

The RBI of India will shortly launch a pilot program for the digital rupee

According to a concept paper published on Friday, the Reserve Bank of India (RBI) will soon start small-scale pilot launches of a central bank-backed digital rupee for particular use cases. Commencing the Pilot...

How UPI And Credit Card Linkage Will Provide Clients with The Best of Both Worlds?

The Reserve Bank of India's (RBI) recent announcement regarding the intended linkage of credit cards to UPI should be a great payment alternative. Customers can profit from both UPI and credit cards. The...

MissCallPay features in RBI launch of UPI 123Pay

An Ultra-simple payment solution for Bharat Population  MissCallPay, a Fintech Digital Payment Start-up incubated at CIIE IIM-A, and iHub Gujarat is among the 4 promising innovations flagged off by RBI with the launch...

India plans new law to ban Cryptocurrency will introduce official digital currency issued by RBI

Keeping the security aspect in mind, India's Central government is planning to introduce fresh legislation to prohibit the transactions of private cryptocurrencies in the country during the budget session of parliament that...
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