The Reserve Bank of India continues to favor a crypto prohibition despite the presence of nearly 39 million crypto investors in the country:
- The central bank opposes banks' involvement in crypto assets and warns of financial risks:
- Tax officials note the low reporting of crypto gains:
- Policymakers believe crypto could worsen capital outflows:
The Indian government continues to combat tax evasion, while the central bank insists on prohibiting banks from engaging with crypto assets.
