India’s RBI Wants Banks To Stay Away From Crypto, Even Ready To Ban It!

Story Highlights* India's RBI wants banks and financial institutions to stay away from cryptocurrencies and private stablecoins in India.

  • RBI says crypto is linked to scams, fraud, gambling, and illegal money transfers across the country.
  • The central bank supports blockchain and tokenization and also charges 30% tax and 1% TDS on transactions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned