Cryptos Likely To Hamper Financial Stability, Says RBI Governor

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SUMMARY

RBI Governor Sanjay Malhotra said cryptocurrency can hamper financial stability and monetary policy

Supreme Court has questioned the Centre’s delay in framing cryptocurrency regulations

The court said that the current taxation of Bitcoin trading profits at 30% implies a legal recognition

Reserve Bank of India (RBI) Governor Sanjay Malhotra said on June 6 that cryptocurrencies may affect the country’s financial stability. 

Malhotra was replying to a question at a…



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Cryptos Likely To Hamper Financial Stability, Says RBI Governor


SUMMARY

RBI Governor Sanjay Malhotra said cryptocurrency can hamper financial stability and monetary policy

Supreme Court has questioned the Centre’s delay in framing cryptocurrency regulations

The court said that the current taxation of Bitcoin trading profits at 30% implies a legal recognition

Reserve Bank of India (RBI) Governor Sanjay Malhotra said on June 6 that cryptocurrencies may affect the country’s financial stability. 

Malhotra was replying to a question at a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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