India News » Lakshadweep News India » Lakshadweep » Cryptocurrencies: India central bank backs crypto ban, tax department warns of evasion risks, documents show
By Nikunj Ohri, Sarita Chaganti Singh and Jaspreet Kalra NEW DELHI, July 8 (Reuters) - India's central bank has reasserted a call for a cryptocurrency policy "leaning towards prohibition," while the ...
News India » Lakshadweep » Cryptocurrencies: India's central bank says cryptocurrencies could spark the next financial crisis
The Reserve Bank of India (RBI) has warned that cryptocurrencies could cause the next global financial crisis if allowed to grow, even in a regulated manner. “It ...
News India » Lakshadweep » Cryptocurrencies: India's RBI plans digital currency to replace unregulated cryptocurrencies
India will introduce a sovereign-backed digital currency under the Reserve Bank of India (RBI), as it discourages the use of private cryptocurrencies due to their lack of asset “backing.” According to ...
News India » Lakshadweep » Cryptocurrencies: India seeks to block most cryptocurrencies in new bill, government says
MUMBAI (Reuters) -India is looking to bar most private cryptocurrencies when it introduces a new bill to regulate virtual currencies in the winter session of Parliament, the government said late on ...
News India » Lakshadweep » Cryptocurrencies: India Government Plans to Ban Most Private Cryptocurrencies
India's government says that in a new bill to be considered in the winter session of Parliament, it will propose to ban private cryptocurrencies. India and China are often close to war, but they ...