India CBDC Insider Reveals Current Stance of Country’s Central Bank
India’s central bank is weighing CBDC privacy technology and wouldn’t plan to object if the government reduces its crypto tax, a senior official told CoinDesk.
India’s central bank is weighing CBDC privacy technology and wouldn’t plan to object if the government reduces its crypto tax, a senior official told CoinDesk.
Bitcoin so far remained muted compared to its vehement rally during the March banking crisis, but one analyst said he’s “cautiously long” amid the turmoil.
The bank released a cryptocurrency custody platform in November.
The opposition party leads the polls in what’s likely to be an election year.
The bank took over defunct Signature Bank’s non crypto-related deposits last year.
The latest price moves in crypto markets in context for Jan. 30, 2024.
The move may reflect users’ unease about Binance’s regulatory dispute in the U.S., which saw it landed with a $4.3 billion fine in November
More of those surveyed said they expect bitcoin to disappear than those who said they expect it to continue to exist, the bank said.
The retail CBDC pilot is active in more than 15 cities with more than a dozen banks participating.
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.