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.
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.
While regulators decry cryptocurrencies, they must win the race for central bank digital currency to become leaders in harnessing latest technologies.
RBI governor Shaktikanta Das earlier cautioned that private cryptocurrency is a big threat to India's macroeconomic and financial stability.
Centre takes the first step towards legalising crypto by taxing gains at 30%. Here's what it means for investors.
While 7% of the respondents said the Budget was far above their expectations, 26% of the respondents said it was “far below”.
While industry welcomes the clarity on digital assets, including cryptos and NFTs, they fear the steep tax rate could be counter-productive.