Original sourcecryptotimes.io
Summary
Indian Finance Minister Nirmala Sitharaman urged the Reserve Bank of India (RBI) to accelerate wholesale and retail digital rupee (CBDC) pilots, signaling the government's push to expand the central bank digital currency program. At the same time, the government tightened regulation of crypto platf…
Key points
- Exchanges in India or serving Indian users can use this to review FIU-IND registration, reporting, and local compliance gaps.
- Simultaneously expanding the CBDC pilot and enforcing against offshore platforms shows India is overhauling its crypto market around a state digital currency.
- Unregistered offshore platforms may be taken down in India, and users could face service disruptions and need to move assets.
Editorial note
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