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🇮🇳 RBI TO PARLIAMENT: BAN CRYPTO
Reuters confirms the RBI officially called for a crypto ban during the July 2 hearing.
RBI Data:
↳ ₹888 crore undisclosed crypto income.
↳ 44,000+ tax notices issued.
↳ ₹2,500 Cr in unauthorized cross-border transactions.
↳ 73% of Indian crypto trading is offshore.
The irony:
↳ RBI wants a ban.
↳ The government has not made a final decision.
With 119M crypto users and a 30% crypto tax, will India ban crypto—or regulate it?