Market Release

RBI warns against 'dollarization' of the economy caused by cryptocurrencies
Reserve Bank of India (RBI) officials have warned that the majority of cryptocurrencies are denominated in dollars, which could lead to the dollarization of the Indian economy...
May 24, 2022


RBI Launches Digital Rupee Pilot Across 13 Cities
RBI, India's central bank, has announced the launch of the first digital rupee retail pilot, which will start in four Indian cities and expand to nine more...
Dec 04, 2022


Indian Government Generates Rs. 157.9 Crore from Direct Tax on Crypto Transactions
Indian government's decision to tax crypto transactions generates Rs. 157.9 crore from direct tax deducted at source for FY 2022-23, proving the potential of crypto as a legitimate asset class
Mar 30, 2023
