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The RBI told the Standing Committee on Finance that outright prohibition is still on the table. The Union government's next move comes on 15 July, and 39 million retail investors are watching what happens to a $2.1 billion holding that never got a proper legal framework.
India's Reserve Bank has begun routing portions of the country's $80 billion welfare programme through the digital rupee in ten state-level pilots, while urging the federal government to put a BRICS-wide CBDC interoperability proposal on the agenda of the bloc's 2026 summit.
BTCJam, a peer-to-peer Bitcoin lending platform, moved into developing nations throughout 2014 by striking deals with local cryptocurrency exchanges. The company targeted Brazil, Mexico, the Philippin
