Central Bank Digital Currency
RBI Closely Monitoring Global Crypto Landscape as India Prepares Policy Paper
Sarfraz Khan
3 minutes read
The RBI is closely watching global crypto trends as India prepares a policy paper. Governor Malhotra cited concerns about financial stability. Despite a 30% tax and 1% TDS on crypto gains, India lacks full legal recognition. A comprehensive framework, seeking public input, is expected, while the RBI pushes its own Digital Rupee.