India Crypto Regulation: RBI’s Prohibition Stance and Market Impact

India’s tax department reportedly found that fewer than a quarter of the 645,000 people who made crypto transactions reported them on tax returns.

The post American CryptoFed Met SEC Ahead of Decentralized Monetary System Token Approval appeared on BitcoinEthereumNews.com. American CryptoFed, Wyoming-approved first regulated DAO in the US, met with the US SEC to discuss approaches to addressing issues related to crypto regulation. The crypto organization also discussed its Locke governance token amid approval The organization aims to launch a decentralized monetary system with zero inflation and deflation, zero transaction costs, and maximum employment. It would operate as a parallel system to the Federal Reserve. American CryptoFed Meets with US SEC According to a SEC Crypto Task Force memorandum, the SEC staff met with and representatives of American CryptoFed DAO founder members Scott Moeller and Xiaomeng Zhou. During the meeting, American CryptoFed confirmed that it had converted to a Wyoming unincorporated nonprofit association under UNA/DUNA Act last month. They also filed a Form 10 last month to register their Locke govern

The post India’s RBI Renews Bitcoin Prohibition Push Affecting 39 Million Traders appeared on BitcoinEthereumNews.com. Crypto News India’s central bank has renewed its push to keep cryptocurrency outside the regulated financial system, reviving a prohibition-oriented stance that most directly affects Bitcoin (BTC) and other altcoin holdings. Internal government documents dated May and June recommend barring banks and financial institutions from holding, trading, or taking any exposure to crypto assets and privately issued stablecoins. The Reserve Bank of India (RBI) argues that isolation limits financial-contagion risk to domestic lenders. While Indian banks are technically permitted to engage with the sector, most major institutions have avoided it after years of cautionary signals, leaving the industry to operate in a persistent regulatory grey zone that neither legalises nor clearly governs digital-asset activity. The RBI extended its warning to stablecoins, tokens pegged to fiat cu

The post India’s Central Bank Renews Push for Crypto Ban: Report appeared on BitcoinEthereumNews.com. India’s central bank has again backed a tougher stance on crypto, while tax officials warned that offshore trading and private wallets are making enforcement harder.  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. RBI Wants Crypto Outside Regulated Finance 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 f

India's AI-focused cybersecurity strategy may influence global regulatory trends, potentially prompting shifts in U.S. policy and market dynamics. The post India to unveil financial cybersecurity strategy with AI focus by 2026 appeared first on Crypto Briefing.

India's central bank has again backed a tougher stance on crypto, while tax officials warned that offshore trading and private wallets are making enforcement harder.

The post India’s Central Bank Renews Push to Keep Crypto Out of the Financial System appeared on BitcoinEthereumNews.com. The Reserve Bank of India (RBI), the country’s central bank, has reiterated its support for a cryptocurrency policy that favors a prohibition-oriented approach. The RBI wants banks and financial institutions barred from any exposure to crypto assets and privately issued stablecoins.   Why India’s Central Bank Leans Toward Crypto Prohibition The RBI has warned about crypto risks repeatedly and now argues for policies “leaning towards prohibition,” according to documents reviewed this week by Reuters. It wants digital assets kept outside the regulated financial system. Officials say the aim is to limit contagion risks to lenders. The stance revives a fight the RBI lost in 2018, when a court struck down policies that had effectively banned crypto dealings. Since then, digital assets have existed in a grey zone. Indian banks are currently allowed to engage with cryptocu

The post India: Cheaper Oil supports FY27 deficit target – Standard Chartered appeared on BitcoinEthereumNews.com. Standard Chartered economists Anubhuti Sahay and Saurav Anand assess India’s FY27 fiscal deficit outlook, highlighting how lower crude Oil prices reduce the risk of fiscal slippage to about 0.2-0.3% of Gross Domestic Product (GDP) versus 0.5% earlier. They cite the Economic Stabilisation Fund, reduced subsidy burden, partial excise duty rollback, and faster divestment as key supports, while noting remaining but manageable risks. Lower slippage risk with cheaper Oil “We think the risk of a slippage in the central government’s FY27 (year ending March 2027) fiscal deficit has eased to 0.2-0.3% of GDP, given the sharp fall in crude oil prices; we had previously estimated slippage risk at 0.5% of GDP (see At a Glance – India – Is the tide turning?). The central government has targeted the FY27 fiscal deficit at 4.3% of GDP.” “Likely lower losses from the excise duty cut, a lowe