The Reserve Bank of India (RBI) has reiterated its support for a crypto policy, which is “leaning towards prohibition,” according to internal government documents reviewed by Reuters.
They show that the institution continues to be concerned about financial stability, monetary sovereignty, and the role of privately issued stablecoins.
According to the report, the RBI said that banks and financial institutions should be prohibited from holding, trading, or gaining any exposure to cryptocurrencies and to privately issued stablecoins (such as USDT and USDC). The bank also considers a prohibition a means of keeping digital assets outside the regulated financial system and reducing further risks.
RBI also flags stablecoins as a specific concern. The main stance is that foreign currency-pegged coins could pose a risk to domestic monetary sovereignty, while rupee-backed stablecoins could affect the government’s income from issuing fiat currency and create problems for financial stability during periods of stress.
It’s important to note that India hasn’t fully banned crypto trading. However, the sector remains in a regulatory grey zone. Major lenders generally avoid direct crypto exposure after receiving multiple warnings from the central bank, even though there is no direct prohibition on dealing in digital assets.
The country’s tax department also warned that crypto transactions are becoming a lot harder to track – in a separate statement. This is particularly true when transactions are routed through offshore exchanges, peer-to-peer rupee trades, or originate from private self-custody wallets.
The department found that fewer than a quarter of 645,000 individuals who made crypto transactions who made any kind of crypto transactions back in 2023 reported them on their tax returns.
India currently taxes crypto gains at 30%. However, overseas platforms, valuation gaps, and unclear ownership tend to complicate compliance, according to officials.
The post India’s Central Bank Renews Push for Crypto Ban: Report appeared first on CryptoPotato.
小靓分析：
🦊 小靓解读
印度央行再次施压全面禁止加密货币，尤其是锚定外币的稳定币，这反映出新兴市场对资本外流和货币主权的深层担忧。不过，印度过去多次“禁而不绝”，市场对这类政策表态的敏感度已降低。
📊 市场影响
短期对印度本地交易所和USDT/INR交易对产生情绪冲击，但全球流动性更大的BTC、ETH受影响有限。若印度真的出台强硬立法，可能加剧交易所退场和场外交易活跃度。
💡 操作建议
建议持有USDT、USDC的交易者关注其他司法管辖区（如欧盟MiCA框架）的合规动向，分散法币出入金渠道。对印度市场短线交易者，需警惕政策落地前交易所暂停服务或提币限制的风险。
风险提示：
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