Nearly 40 million investors could face crypto ban as India’s central bank pushes for prohibition

Japan's economic balancing act could destabilize global markets, affecting currencies and bonds, with significant investor implications. The post Japan faces dilemma between saving yen and bond market stability appeared first on Crypto Briefing.

Investors had backed away from Bitcoin since mid-May.

The post India’s Crypto Crackdown Deepens as Central Bank Urges Ban on Bank Exposure appeared on BitcoinEthereumNews.com. 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 crypto assets. It also included privately issued stablecoins in the warning. India’s tax department raised concerns about offshore exchanges, private wallets, and peer-to-peer trades. It said these channels can make owners and taxable income harder to trace. The documents arrived while India still lacks a final national crypto policy. Tax department estimates show nearly 39 million users held about $2.1 billion in digital assets. RBI Seeks Stronger Limits on Crypto Exposure The RBI said crypto

The post India’s Central Bank Reaffirms Push for Crypto Ban appeared on BitcoinEthereumNews.com. India’s central bank renewed support for a crypto ban to safeguard financial stability.  Tax officials said offshore exchanges and private wallets complicate crypto tax enforcement.  Nearly 39 million Indians held about $2.1 billion in crypto despite regulatory uncertainty. India’s central bank has renewed its support for a crypto policy that leans toward prohibition. At the same time, the country’s tax authorities noted that offshore trading platforms and private wallets are making it harder to track crypto transactions and enforce tax compliance. According to internal government documents, several Indian agencies favor tighter restrictions on virtual digital assets. However, the government has yet to adopt a formal policy to regulate or ban cryptocurrencies. RBI Wants Crypto Kept Outside Financial System The Reserve Bank of India (RBI) reiterated in internal documents from May and June th

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 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 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