Crypto trading in India: Could hamper financial stability, says RBI...

Crypto trading in India: Could hamper financial stability, says RBI gov; no new Bill yet

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The Reserve Bank of India has reiterated its concerns regarding cryptocurrencies, emphasizing their potential to destabilize financial stability and monetary policy. While a government committee is reviewing the matter, the Supreme Court has urged the Centre to establish a clear regulatory framework. Currently, crypto assets are taxed but lack legal recognition in India.

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