RBI recommends ban on cryptos: FM to Parliament
RBI had observed digital currencies “will have a de-stabilising effect on the monetary and fiscal stability of a country”, due to their volatility, the FM said.
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RBI’s Digital Currency Challenge
While regulators decry cryptocurrencies, they must win the race for central bank digital currency to become leaders in harnessing latest technologies.
After RBI warning, FM says crypto ban or legalisation after talks
RBI governor Shaktikanta Das earlier cautioned that private cryptocurrency is a big threat to India's macroeconomic and financial stability.
Is crypto legal now?
Centre takes the first step towards legalising crypto by taxing gains at 30%. Here's what it means for investors.
74% support Budget tax on cryptos; 56% rue lack of personal tax relief
While 7% of the respondents said the Budget was far above their expectations, 26% of the respondents said it was “far below”.
Budget 2022: Crypto income to be taxed at 30%, Digital Rupee launch in FY23
While industry welcomes the clarity on digital assets, including cryptos and NFTs, they fear the steep tax rate could be counter-productive.
