NEW DELHI: The change of guard at the Reserve Bank of India (RBI) is unlikely to change the central bank's position on private cryptocurrencies, two officials said.
In India, crypto-assets are not recognised as legal tender even though the government is yet to frame a specific legislation for crypto assets, they added, requesting anonymity. Currently, cryptocurrencies are unregulated in India, and the government is in the process of bringing out a discussion paper on this subject with options ranging from regulation to a complete ban, the two said.
"With RBI's digital currency (eâ¹) in circulation, the argument that technology of cryptocurrencies must not be outrightly discarded is no longer valid. The G20 synthesis paper of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) is the latest global guide on this matter; it suggests a minimum threshold for regulation, and doesn't stop any country from adopting higher restrictions including a complete ban", one official said.
This person added that RBI's policies are not individually driven. "It is true that the new governor was the revenue secretary, which made VDA [virtual digital asset] service providers reporting entities from March 7, 2023 to track the misuse of VDAs and cryptocurrencies for illegal activities such as terror financing under the Prevention of Money Laundering Act (PMLA). It does not accord any status of legal tender to private VDAs," he said.
Earlier, one of the persons said, Aditya Birla Group flagship Grasim Industries Ltd and Adani Group were approached for the deal, since some of their subsidiaries are engaged in construction and real estate that requires paints and coatings.
ãã®èšäºã¯ Hindustan Times Thane ã® December 18, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Hindustan Times Thane ã® December 18, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
2 brothers kill cab driver over minor injury to mother
Accused entered victim's home hours after argument and stabbed him multiple times with a chopper
BIKER DIES AFTER BEING HIT BY UNIDENTIFIED VEHICLE ON SCLR
A 42-year-old biker was killed on Sunday morning when he was hit by an unidentified vehicle while travelling on the Santacruz-Chembur Link Road (SCLR).
Parker Solar Probe aims to fly closer to sun than ever before
A Nasa spacecraft aims to fly closer to the sun than any object sent before.
Trump threatens to retake control of Panama Canal
Trump said he would not let the canal fall into the 'wrong hands', warning of potential Chinese influence
In-form India hold all the aces vs West Indies
India will be eager to exploit their recent form and a historical advantage to subdue West Indies in the three-match women's ODI series, beginning here with the first contest on Sunday.
Rahi trigger happy again after neuro-muscular memory loss
A harrowing spell of neuropathic pain behind her, the pistol ace finds her way back into competition
Crowd pleaser Pant needs to rediscover himself again
The enforcer at No.5 is yet to get going and the visitors will hope he has the same impact Head has had with the Aussies
ANMOLPREET SMASHES FASTEST LIST A HUNDRED BY AN INDIAN
Anmolpreet Singh smashed the quickest List A hundred by an Indian, a 35-ball effort, to guide Punjab to an easy nine-wicket win over Arunachal Pradesh in a Group C Vijay Hazare match here on Saturday.
Villa heap pain on slumping Man City
\"No matter how many games we are going to win, I think we are not ready to compete for the title.\" That was Enzo Maresca after Chelsea beat Brentford 2-1 and moved to second in the Premier League, two points behind Liverpool who have a game in hand.
Ashwin and Jadeja: A pair broken up after 12 seasons
It seemed odd to hear Ravindra Jadeja talk about R Ashwin in the past tense.