RBI Reiterates Crypto Policy Should Lean Towards Prohibition, Flags Tax Risks
The Reserve Bank of India has again favoured a cryptocurrency policy leaning towards prohibition, citing financial stability and monetary risks. Government documents also show tax authorities’ concerns over offshore crypto trading, misreporting of gains and difficulties in tracking digital asset transactions, as India continues to remain without a formal crypto framework
India’s central bank has renewed its push for a cryptocurrency policy that leans towards prohibition, citing concerns over financial stability, monetary sovereignty and risks associated with privately issued digital assets, according to government do... [2600 chars]
Published by: Free Press Journal
Read full article here: https://www.freepressjournal.in/business/rbi-reiterates-crypto-policy-should-lean-towards-prohibition-flags-tax-risks
