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India
India's Central Bank Exploring Privacy Legislation for Retail CBDC Users
India's central bank is advocating for legislation that will allow users of its retail central bank digital currency (CBDC) to delete any transactions from the network's ledger in order to maintain anonymity, a highly placed person told CoinDesk. "The Hash" panel discusses the wider implications of preserving privacy on the blockchain, as lawmakers and individuals across the world have been concerned about the potential surveillance aspects of CBDCs.
India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users
The RBI is seeking a provision that would allow customers to delete transactions to maintain anonymity if they so choose to.
India and UAE to Collaborate on Developing Digital Currencies
The countries will see if their central bank digital currencies will be interoperable.
India’s Crypto Industry Finally Sees Lawmakers Engaging
The event managed to bring senior leaders from India’s ruling party and the opposition benches.
Bank Collapses Underscore G-20 Hesitance on Crypto: Source
As the current president of the G-20, India has the power to ask international bodies tasked with framing the global crypto rules to factor in recent bank collapses.
IMF Had Warned G-20 Widespread Crypto Use Would Impact Banks
"Finally, banks may lose deposits and have to curtail lending," the report made available to the G-20 in February said.
India's Crypto Regulation Now Has Teeth, Experts Say
Bringing crypto companies into the purview of anti-money laundering rules imposes obligations and exposes them to fines for breaches.
India's Crypto Businesses Handed Anti-Money Laundering Obligations for First Time
They will have to register with the Financial Intelligence Unit and voluntarily report suspicious activities.
Indian Crypto Exchange BitBNS Says Law Enforcement Advised Against Making Hack Public
A $7.5 million hack of the exchange in February 2022 was uncovered earlier this week by ZachXBT, a pseudonymous crypto sleuth.
Global Crypto Rules to Be Based on Coming FSB and IMF Synthesis Paper, India Says After G-20 Meetings
The paper is expected to be ready by September.
