Crypto India: RBI Reiterates Crypto Ban Call, but No Policy Change Announced

India’s central bank urges crypto prohibition and bank exposure limits as tax officials flag offshore trading risks. India’s central bank has again called for a crypto policy that leans toward prohibition. Reuters reported the position after reviewing recent government documents. The Reserve Bank of India recommended barring banks from holding, trading, or gaining exposure to […] The post India’s Crypto Crackdown Deepens as Central Bank Urges Ban on Bank Exposure appeared first on Live Bitcoin News.

The post US – Iran War News: Bitcoin and Ethereum Drop as Trump Declares Ceasefire is ‘Over’ appeared on BitcoinEthereumNews.com. The post US – Iran War News: Bitcoin and Ethereum Drop as Trump Declares Ceasefire is ‘Over’ appeared first on Coinpedia Fintech News Bitcoin and Ethereum prices have again dropped more than 2% today after U.S. President Donald Trump declared the ceasefire with Iran was “over.” This came after the U.S. launched strikes in response to Iran’s attacks on three commercial vessels in the Strait of Hormuz. Following this news, as oil jumped 6%, Bitcoin fell to $61,700, … Source: https://coinpedia.org/news/why-are-bitcoin-and-ethereum-prices-dropping-again-u-s-iran-ceasefire-over/

The post India: Gradual firming CPI supports RBI patience – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale strategist Kunal Kundu expects India’s June 2026 headline Consumer Price Index (CPI) inflation to print around 4.1% year-on-year, slightly above May’s 3.9% but still within the RBI’s tolerance band. Kundu highlights food, fuel and services as key drivers, while noting partial and delayed pass-through from wholesale prices. It argues that competitive conditions, policy buffers and moderate demand should prevent a sustained inflation acceleration. Food, fuel and core inflation dynamics “India’s June 2026 headline CPI inflation is likely to print at around 4.1% yoy, marking a modest acceleration from 3.9% in May while remaining comfortably within the RBI’s inflation tolerance band. The expected increase is less a reflection of broad-based inflationary pressures and more a consequence of a gradual firming in food, fuel and select services categories over recent

The post India Crypto Tax Filings Lagged Trading Activity: Reuters appeared on BitcoinEthereumNews.com. India’s tax department reportedly found widespread gaps in crypto tax reporting, warning that offshore exchanges, private wallets and peer-to-peer (P2P) trades are making crypto activity harder to track.  Reuters on Wednesday reported government documents showed that fewer than a quarter of 645,000 individuals who made crypto transactions in the year ending in March 2023 reported the trades on their tax returns. The department also reportedly estimated that India had about 39 million crypto traders holding over $2.1 billion in crypto at the end of May.  The findings add a tax-enforcement factor to the country’s long-running digital asset policy debate, moving the issue beyond the central bank’s financial-stability concerns and into questions on offshore trading and recoverable tax revenue. India was ranked first in Chainalysis’ 2025 Global Crypto Adoption Index. The report comes days

The post Altcoins Kick Off July Strong as Analysts Expect Rally Soon appeared on BitcoinEthereumNews.com. The post Altcoins Kick Off July Strong as Analysts Expect Rally Soon appeared first on Coinpedia Fintech News The crypto market has started July on a stronger note, with investor confidence slowly returning after weeks of heavy selling. Although Bitcoin briefly climbed above $64,000 before pulling back to around $61,933, several altcoins have continued to post strong gains.  According to blockchain analytics platform Santiment, this suggests that capital is quietly rotating back into … Source: https://coinpedia.org/news/altcoins-kick-off-july-strong-as-analysts-expect-rally-soon/

The post India’s tax office backs RBI’s lean toward crypto prohibition appeared on BitcoinEthereumNews.com. India’s Income Tax Department has thrown its weight behind the Reserve Bank of India’s push to restrict cryptocurrencies, citing widespread underreporting and the difficulty of tracing offshore trades, according to government documents reviewed by Reuters. The documents, dated May and June, show the central bank restating a position it has held for years. The RBI wants India’s policy on digital assets to be “leaning towards prohibition.” It also wants banks and other financial institutions barred from holding, trading, or taking any exposure to crypto or privately issued stablecoins, stating that such links could spread trouble across the country’s financial system. What is new is the tax department’s public backing. Officials told the government that trades routed through overseas exchanges are hard to monitor, which raises the risk of evasion. In the financial year that ended i

The post RBI Leans Toward Crypto Ban Despite India Boasting 39 Million Traders & $2.1B Holdings appeared on BitcoinEthereumNews.com. The central bank of India continues its quest for an Indian crypto ban, increasing the pressure. The central bank of India is upping the ante on the crypto ban for India. The Reserve Bank of India (RBI) is advocating for a policy that “leans toward prohibition,” despite nearly 39 million Indian investors possessing approximately $2.1 billion in digital assets, internal government documents reveal on July 8, 2026. RBI Warns of Contagion Risks and Stablecoin Threats The RBI’s stance is more than just about the ban on cryptocurrencies in India. Both foreign-backed and rupee-pegged stablecoins have raised individual concerns for the central bank. The documents reviewed by Reuters suggest that the dollar-backed stablecoins could pose a threat to India’s monetary sovereignty. Rupee-backed tokens, the RBI cautioned, could also lead to a loss of seigniorage, or t

The post XRP Eyes a Top 5 Comeback—Can the Price Break Above $1.20? appeared on BitcoinEthereumNews.com. The post XRP Eyes a Top 5 Comeback—Can the Price Break Above $1.20? appeared first on Coinpedia Fintech News The XRP price has come under renewed selling pressure, plunging nearly 3% over the past 24 hours as it continues to trade within a descending channel that has kept buyers on the back foot for weeks. Every recovery attempt has so far been met with fresh selling, leaving the token stuck below key resistance despite … Source: https://coinpedia.org/price-analysis/xrp-eyes-a-top-5-comeback-can-the-price-break-above-1-20/