Sentences with phrase «rbi issues»

For instance, the RBI issued a vague warning last week that Bitcoin usage is unsafe due to potential money laundering and cyber security risks.

RBI issued its

RBI issued its first warning in December 2013, a second in February 2017 and the most recent in December 2017.

In turn, the RBI issued a cautionary note again, reiterating its previous warnings.

Not exact matches

«I am proud of the superior results the Popeyes team has delivered in recent years,» Popeyes CEO Cheryl Bachelder said in a news release issued jointly with RBI.

In September 2017, RBI Executive Director Sudarshan Sen said that the bank had a «group of people» examining fiat cryptocurrencies as an alternative to the Indian rupee, but one month later, India's chief economic adviser, Arvind Subramanian, shot down reports of a government - issued «Lakshmi Coin.»

Once the report has been received by the competent authorities, the Indian Government alongside with the Reserve Bank of India, also known as RBI, have responded and said that they will investigate the issue and do their best in order to ensure that the bitcoin payment method is not used for illegal purposes.

The fact that only the RBI is allowed to issue currency also makes transacting in cryptocurrencies illegal in India, argued Das.

The announcement comes within weeks after Minister of State for Finance Arjun Ram Meghwal stated the use of virtual currencies is not authorized as a means of exchange by the RBI, and after Deputy Governor Shri R. Ghandi suggested that confidence will only be placed in a virtual currency issued by an authority.

ROY SIEVERS ON HITTING The American League's home run and RBI king talks about his specialty in the March 31 issue

As per RBI regulations, all transaction originated in India [i.e. Merchants in India] and cards issued in India.

In a new set a guidelines aimed at improving transmission of policy rates to end customers, RBI has issued a new formula to price lending rates known as «marginal cost of funds based lending rates» or MCLR which will replace the base rate.

Chargeback allows transactions to be reversed by you under specified circumstances such as, on account of (i) alleged forgery of the card number / bank account or other details (ii) any charge / debit made on a card that has been listed as a hot listed card or otherwise listed on the card association (Visa, MasterCard, etc.) warning bulletins (iii) duplicate processing of the transaction; or (iv) for other reasons as per applicable rules and guidelines issued by RBI, card Associations, your card / payment instrument issuing bank etc..

Treasury Bills — With lucrative return on investments, Treasury Bills issued by RBI remain yet another brilliant short term investment plans.

The recent regulations issued by the Reserve Bank of India (RBI) have enabled the banking sector to work as insurance brokers.

On 10 November 2009 Bajaj Finserv announced that the Reserve Bank of India has issued to the company a Certificate of Registration dated 30 October 2009 under section 45 - IA of the RBI Act 1934 to carry on the business of a Non-Banking Financial Institution (NBFC)(non-deposit taking).

In December 2014, the Insurance Regulatory and Development Authority (IRDA) issued guidelines applicable to group insurance policies and schemes executed by institutions acting as group organizers or master policyholders — the scheduled commercial banks regulated by the Reserve Bank of India (RBI), NBFCs with certificate of registration from RBI, and National Housing Bank (NHB)- regulated housing finance companies.

On 15th January 2015, the Reserve Bank of India (RBI) had issued final guidelines and notification on entry of Banks as Insurance Brokers.

He hinted at the time that the government may be introducing its own fiat cryptocurrency which will be issued by the RBI.

Bitcoin prices in India decline after RBI's order; this exchange has issued warning to investors

The Reserve Bank of India (RBI) has issued a new warning on cryptocurrencies, the second time this year the central bank has done so.

«In the wake of (a) significant spurt in the valuation of many VCs (virtual currencies) and rapid growth in initial coin offerings, RBI reiterates the concerns conveyed in the earlier press releases,» it said in a circular issued on Dec. 05, underlining the potential risks of dealing in such currencies.

Several Indian bitcoin exchanges have pulled the plug and halted trading following a statement issued by the Reserve Bank of India (RBI) on Tuesday.

The Reserve Bank of India (RBI) issued a statement Thursday forbidding citizens from investing in the digital currency market through state - regulated financial institutions.

On Tuesday the Reserve Bank of India (RBI) issued a statement warning the public against the use of virtual currencies.

According to the Times, the minister has previously informed the Indian parliament that the Reserve Bank of India (RBI), the country's central bank, has not issued any licenses to operate with cryptocurrencies in the country.

A bench of Chief Justice Dipak Misra, along with Justices D.Y. Chandrachud and A.M. Khanwilkar have issued a notice addressed to RBI, market regulator SEBI and the ministries of Finance, Law and Justice, Information Technology with the plea of setting up a working committee to look after the regulatory aspects of Bitcoin mechanism.

Bitcoin does not come under the ambit of currency, legal tender or foreign exchange and the RBI hasn't come up with guidelines on this yet, except for the warning it issued in December 2013.

The RBI has previously issued investor warnings on the risks of cryptocurrencies, and its deputy governor claimed their potential is «being overstated» in a March speech.

During the financial markets summit organised by Confederation of Indian Institute (CII), Tyagi pointed out that, «On the issue of bitcoins, the government is looking into it in consultation with the RBI and SEBI.

According to the Economic Times, the Central Bank of India, RBI announced that they are searching for fiat cryptocurrencies but not comfortable with privately issued cryptocurrency such as Bitcoin.

A circular in this regard is being issued separately,» the RBI said.

If it is assumed that the RBI seeks to protect the general public from such risks then it has to indicate the relevant reasons which became ground for issuing such a draconian direction.

The RBI is considered to be a «State» under Article 12 of the Constitution and therefore RBI is prohibited under Article 13 to issue any direction / circular which takes away or abridges the fundamental rights enshrined in Part III of the Constitution and any direction so issued in contravention of Article 13 shall be void.

The RBI has the power to issue directions to the banks under Section 35A of the Banking Regulation Act, 1949, inter alia, in the public interest.

«The Reserve Bank of India (RBI) has not issued any directive to us — it's a cautionary move on our part.

The Reserve Bank of India (RBI) has issued an official statement to make it clear that Bitcoin and related digital assets have been banned in the country.

Bitcoin Ban The announcement comes via an official press release issued by The Reserve Bank of India (RBI).

Devil In The Detail Following a statement from the Reserve Bank of India (RBI) April 5, which addressed various economic issues, multiple media reports began claiming a China - style shutdown of Bitcoin and other cryptoassets was imminent.

An Indian bitcoin enthusiast has pressed the RBI for clarification after it issued a virtual currency warning in December.

- The RBI should issue guidelines regarding investment in and purchase of bitcoins and other cryptocurrencies.

Yesterday, the Reserve Bank of India (RBI) issued a notice and banned all regulated entities to deal with any individual or business dealing in virtual currencies such as bitcoin.

Moreover, the RBI has also issued multiple statements advising investors to exercise caution while trading in bitcoin.