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India central bank backs crypto ban, tax department warns of evasion risks, documents show

Published on: Tuesday 07 July 2026

India central bank backs crypto ban, tax department warns of evasion risks, documents show By Nikunj Ohri, Sarita Chaganti Singh and Jaspreet Kalra NEW DELHI, July 8 (Reuters) - India's central bank has reasserted a call for a cryptocurrency policy "leaning towards prohibition," while the country's tax department warned that trading via offshore exchanges is hard to track, government documents reviewed by Reuters showed. The documents reveal a preference among key Indian agencies to


News source: https://www.msn.com/en-us/money/markets/india-central-bank-backs-crypto-ban-tax-department-warns-of-evasion-risks-documents-show/ar-AA27sHKI

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