RBI Launches Global Hackathon ‘HARBINGER 2023’
The Reserve Bank of India (RBI) is hosting its second worldwide hackathon in an effort to generate creative solutions to current problems outlined in problem statements. According to the RBI, the much-anticipated fintech event HARBINGER 2023 has finally arrived. The successful hackathon event hosted by RBI, HARBINGER 2021, is followed by this international edition, named “HARBINGER 2023 – Innovation for Transformation.” However, HARBINGER 2023 has a new theme, “Inclusive Digital Services,” and this time around, it has a new set of problem statements.
Binance’s CZ Welcomes India’s Crypto Regulation Move With G20 Group
Binance CEO CZ welcomed India’s move to have a common regulatory framework for crypto regulation among the G20 nations. He said having any regulatory framework is better than not having any clarity. The country’s administration, which currently holds the G20 presidency, is actively in discussion with the member countries about regulating the web 3.0 space.
Indian Finance Minister Addresses CBDC Concerns In Parliament
Indian Finance Minister Nirmala Sitharaman has stated that it is too early to assess the spillover effects of central bank digital currencies (CBDCs) during the question hour of the parliament as per a report by IANS.
Crypto Ads and Sponsors Banned From Women’s Cricket League in India
Indian authorities once again demonstrated their tough stance on cryptocurrencies with a preemptive ban on crypto advertising and sponsorships in the local women’s cricket league.
How Does Blockchain Compare to China and India?
The analysis from Research and Markets forecasts that by 2025, the worldwide blockchain industry will be worth USD 39.7 billion, expanding at a CAGR of 67.3% from 2020 to 2025.
India Having 'Detailed Discussions' With G20 Members on Crypto Regulation
India is having “detailed discussions” with other G20 members about forming a collective standard operating procedure (SOP) to regulate crypto assets, Indian Finance Minister Nirmala Sitharaman has revealed. She also called for “a globally coordinated approach on the regulation of crypto assets” during her recent meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva. (Bitcoin.com)
ConsenSys and Onramp.money Join Forces to Empower Indian Users With Easy Access to Crypto Directly in MetaMask
Onramp.Money will seamlessly integrate within the MetaMask wallet, enabling all Indian MetaMask users to buy cryptocurrency directly using their API.
Metamask India Users Now Get Support For UPI Payments
In a huge development, Metamask announced it will now allow Indian users to make transactions using their bank. This will bring instant crypto access to India’s user base using the country’s flagship payments technology Unified Payments Interface (UPI). Essentially, users will be able to purchase crypto directly within the MetaMask app through local payment methods like UPI and IMPS. The move could potentially bring massive shift in crypto traders in India in the way they go about dealing in cryptocurrencies.
MetaMask Adds Onramp.money To Streamline Crypto Purchases in India
MetaMask has integrated with Onramp.money, an Indian provider of crypto-to-fiat on-ramp services.
5,000 Merchants in India Now Accept Payments in Digital Rupee: Deputy Governor
Rabi Sankar, Deputy Governor at Reserve Bank of India (RBI), announced the first milestones of India’s digital currency at a policy press conference on Wednesday, detailing that the country's CBDC pilot now has 50,000 users and 5,000 merchants.
