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Indian Banks Offer Rewards to Encourage Digital Rupee Adoption
27.10.2023
Indian banks are actively promoting the adoption of the central bank digital currency (CBDC), digital-rupee, by offering a range of incentives to encourage users to conduct transactions with the national digital currency. These incentives include cash-back rewards and reward points, Reuters...
Today in Crypto: JPMorgan Partners with 6 Indian Banks on Blockchain-Based Interbank Transactions, APPG Makes 53 Crypto Recommendations to the UK Government, Charles Hoskinson Warns About the Rise in AI-generated Frauds
5.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: JPMorgan Partners with 6 Indian Banks on Blockchain-Based Interbank Transactions, APPG Makes 53 Crypto...
JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks
5.6.2023
JPMorgan applies blockchain to interbank dollar transactions in India amid the growing signs of global de-dollarization
JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg
5.6.2023
The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week
Indian banks asked 'to prepare for the future' with AI and blockchain
31.5.2023
In an RBI-organized conference for the directors of Indian banks, deputy governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability
RBI, Indian Banks to Pilot Blockchain Trade Financing: Report
23.6.2022
The Reserve Bank of India (RBI) is to develop a proof-of-concept blockchain project focused on trade financing alongside various top Indian banks, the Economic Times reported Thursday
Indian Banks Request NPCI Clarification on Crypto UPI Payments
25.4.2022
The crypto industry has become an unavoidable force in the finance sector that even traditional institutions are looking to adopt. While world governments like the USA are being blamed for joining the crypto race late, India seems to be moving to the next level with crypto UPI. A few months...
Indian Banks Halting Services to Crypto Industry Post RBI Clarification
27.6.2021
Several Indian banks have reportedly halted services to customers dealing in cryptocurrencies despite the central bank, the Reserve Bank of India (RBI), informing them that the banning circular is no longer valid. The latest bank to join the fray is IDFC First Bank. IDFC First Bank has become...
National Payments Corporation of India Says It Will Not Ban Cryptocurrencies Through UPI
7.5.2021
India’s payments authority, the National Payments Corporation of India, has reportedly said that it will not ban cryptocurrency transactions. Banks are to make their own decision whether to allow crypto transactions. The National Payments Corporation of India (NCPI), has refused to...
Indian banks put crypto traders' accounts under the microscope
24.2.2021
HSBC, HDFC and Citi are now requiring crypto traders in India to provide information about their activities or risk losing their funds
Physical Crypto Bank Opens in India — These 14 Locations Offer In-Person Banking, Lending, Crypto Exchange
30.12.2020
A crypto bank has begun opening physical branches in India through a joint venture between Cashaa and United Multistate co-op society. Customers can open bank accounts, buy and sell cryptocurrencies, obtain crypto-backed loans, as well as learn about crypto. Crypto Bank Opens Physical Branches...
Uncertain Regulations Block Indian Banks’ Entry Into Crypto, Says Expert
24.7.2020
Blockchain.com’s head of research Garrick Hileman discusses the interest of Indian banks in the crypto space
Indian Banks Act Slow to Accept Crypto Industry Despite RBI’s Approval
27.6.2020
Indian banks are reluctant to work with crypto firms, even though RBI clears the air
Indian Banks Still Cryptophobic Despite No Banking Prohibition
31.5.2020
Here are the legal resources available to Indian crypto users and businesses if a bank has declined services out of cryptophobia
Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify
15.3.2020
Despite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI)....
Some Indian Banks Are Still ‘Arbitrarily’ Refusing to Process Crypto Transactions
13.3.2020
Indian legal experts contend that some banks in the country are still refusing services for crypto-related transactions, despite the Supreme Court’s ruling earlier this month
Indian Banks Select Microsoft As Exclusive Cloud Blockchain Provider
12.6.2017
A group of India-based banks have struck a new strategic partnership with US tech giant Microsoft