Crime & Law · India
RBI reiterates call for crypto prohibition, citing financial and tax risks
India's central bank, the Reserve Bank of India (RBI), has again expressed its preference for prohibiting virtual digital assets. This stance is supported by several government agencies, which cite significant financial risks and tax evasion concerns. Documents indicate the tax department has flagged approximately USD 2 billion in unmonitored cryptocurrency holdings, highlighting challenges in tracking transactions and potential tax evasion.
How outlets across the spectrum covered it
Left 0 · Centre 3 · Right 1 n = 4
- Centre (3): Mint, The Free Press Journal, The Tribune
- Right (1): India Today
- International (1): Reuters