Finance Minister Nirmala Sitharaman on Wednesday said she will go through the Supreme Court order allowing banks and financial institutions to provide services related to cryptocurrencies
Banks spent last decade pulling out their economies from 2008 financial crisis, might spend next decade dealing with climate change.
Backers including financial companies Paypal Holdings Inc and Mastercard Inc also exited Libra project.
China's digital currency will not seek full control of individuals' transaction details, says central bank official
China is preparing to be the first country to roll out a digitised domestic currency, a development that is being closely watched by the world's financial services industries
Demonetisation 3rd anniversary: Banning high-value notes failed to meet objectives, but digitisation may check black money generation
The defenders argued that demonetisation would help digitise the economy and make future black money generation difficult as there would be an audit trail all the time.
Facebook CEO touted his optimistic vision of Libra and what it could mean for people around the world.
Facebook is open to looking at alternative approaches for the currency token it would use, says project head.
Amid sharp regulatory scrutiny, the 21 firms backing Libra pledged to forge ahead with the project.
Libra backers need to answer how they would ensure the currency is not used for illegal activities.
The Democrat who chairs the panel has been fiercely critical of Facebook, wants to halt Libra project.
Facebook aims to connect Libra to the WhatsApp, adding a payment leg to an already global application.
Libra could cause risks to consumers, financial stability and even “the sovereignty of European states”.
The panel was set up in 2017 by Arun Jaitley following reports of money laundering via the currencies
Facebook's official assures that Libra is not being built to compete with traditional currencies.
Trump criticized cryptocurrencies and demanded that companies like Facebook seek a banking charter and make themselves subject to the US and global regulations.
Lack of a transparent and open consultative process creates the risk of alienating players in the cryptocurrency market in India.
An inter-ministerial committee has been set up to examine the issue of permitting trade in cryptocurrencies.
The main idea behind Facebook Libra is to make international payments and money transfers cheaper and easier.
The money will fund the creation of the coin, which will be pegged to a basket of government-issued currencies
The value of losses from crime in the digital currency sector in 2018 hit $1.7 billion.