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šš#Market Today | Shares of YES Bank climbed 10 per cent in Tuesday's trade amid reports Japan's Sumitomo Mitsui Banking Corp (SMBC) has received the #RBI nod to pick up 51 per cent stake in the private lender.*
ā”ļø As per a report, the deal is valued at $1.7 billion. #Business Today could not independently confirm the report. There was no update on stock exchanges regarding the same.
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ā”ļø As per a report, the deal is valued at $1.7 billion. #Business Today could not independently confirm the report. There was no update on stock exchanges regarding the same.
š£ļø #BT Poll | What Will Be Your Trading Strategy for YES BANK SHARES?
React With:-
š for Add/buy
šÆ for Sell
ā¤ļø for Hold
šš» for I don't invest in stocks
Crypto in India: RBIās Latest Statement Sends Mixed Signals
India's relationship with crypto continues to walk the tightrope ā and the RBIās recent statement proves just that.
In a fresh commentary, the Reserve Bank of India acknowledged the rising interest in digital assets but reiterated concerns about volatility, financial stability, and investor protection. However, hereās the twist: while RBI remains cautious about private cryptocurrencies, thereās a growing focus on developing Indiaās CBDC (Digital Rupee) with more features and public pilots.
So, what does this mean?
Negative? RBI is not ready to embrace Bitcoin or Ethereum as legal assets just yet.
Positive? Thereās increasing regulatory dialogue, and the tone is less hostile than in previous years.
Neutral? It signals a āwait and watchā approach as global frameworks evolve.
Forecast: What Could Happen Next?
1. CBDC Rollout Accelerates ā More retail testing, wider accessibility through UPI-like apps.
2. Crypto Regulation Bill Reignites ā Especially with elections nearing and Web3 startups pushing for clarity.
3. Exchanges May See Tighter KYC Rules ā Expect stricter onboarding and tax transparency measures.
Why It Matters for You
India is home to one of the largest pools of retail crypto users in the world. This statement hints that change is comingājust slower than weād like. But the fact that dialogue continues is a green flag for the long term.
> Follow for more real-time updates, policy forecasts, and how Indian crypto traders can stay ahead of the curve!
#RBI
India's relationship with crypto continues to walk the tightrope ā and the RBIās recent statement proves just that.
In a fresh commentary, the Reserve Bank of India acknowledged the rising interest in digital assets but reiterated concerns about volatility, financial stability, and investor protection. However, hereās the twist: while RBI remains cautious about private cryptocurrencies, thereās a growing focus on developing Indiaās CBDC (Digital Rupee) with more features and public pilots.
So, what does this mean?
Negative? RBI is not ready to embrace Bitcoin or Ethereum as legal assets just yet.
Positive? Thereās increasing regulatory dialogue, and the tone is less hostile than in previous years.
Neutral? It signals a āwait and watchā approach as global frameworks evolve.
Forecast: What Could Happen Next?
1. CBDC Rollout Accelerates ā More retail testing, wider accessibility through UPI-like apps.
2. Crypto Regulation Bill Reignites ā Especially with elections nearing and Web3 startups pushing for clarity.
3. Exchanges May See Tighter KYC Rules ā Expect stricter onboarding and tax transparency measures.
Why It Matters for You
India is home to one of the largest pools of retail crypto users in the world. This statement hints that change is comingājust slower than weād like. But the fact that dialogue continues is a green flag for the long term.
> Follow for more real-time updates, policy forecasts, and how Indian crypto traders can stay ahead of the curve!
#RBI
#RBI governor Sanjay Malhotra signals Rupee (ā¹) can go more down as heās open to more flexible rupee.
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Did the Reserve Bank of India ban Bitcoin and Ethereum to support XRP? Fact Check
Claim Summary
A rumor circulated on social media claiming that the Reserve Bank of India banned the trading of Bitcoin and Ethereum to support the XRP currency.
Official Statement from the Bank
The bank denied the rumor, confirming that there is no ban or preference for any currency, and that all cryptocurrencies are treated under a unified regulatory framework.
XRP Reaction
XRP experienced a temporary price increase due to the rumor, before returning to its previous levels following the bank's clarification
#Ethereum #RBI #BTC #crypto
#xrp
Claim Summary
A rumor circulated on social media claiming that the Reserve Bank of India banned the trading of Bitcoin and Ethereum to support the XRP currency.
Official Statement from the Bank
The bank denied the rumor, confirming that there is no ban or preference for any currency, and that all cryptocurrencies are treated under a unified regulatory framework.
XRP Reaction
XRP experienced a temporary price increase due to the rumor, before returning to its previous levels following the bank's clarification
#Ethereum #RBI #BTC #crypto
#xrp
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