RBI Governor Warns About Cryptocurrency: Reserve Bank Governor Shaktikanta Das has once again clarified his stand regarding cryptocurrencies. Presenting RBI’s monetary policy review on Thursday, Shaktikanta Das reiterated that cryptocurrencies pose a major threat to India’s economic stability. He clarified that private cryptocurrencies are a threat to macroeconomic and financial stability, and undermine its ability to meet challenges on both fronts. He said that the RBI is very concerned about this highly volatile currency.
Indian Investors Should Be Careful About Cryptocurrency
Cautioning cryptocurrency investors, the RBI governor said such assets have no basis. In such a situation, it is believed that the stance of the Government of India and RBI on cryptocurrencies is going to be tough. Significantly, in the Union Budget, income from cryptocurrencies has been taxed at the rate of 30 percent in . Apart from this, 1% TDS will also have to be paid for transferring assets virtually digitally.
The government’s hopes are fulfilled. The person on the account needs to do this chat. introduced by the state government. Stable among all the countries of the world… This kind of India has more crystalline structure.
RBI is Also Bringing Digital Currency
Responding to a query on digital currency to be introduced by RBI, RBI said that we have been working on Central Bank Digital Currency (CBDC) for about one and a half years. In this budget, there is a proposal that changes will be made in the RBI Act for digital currency. However, in response to the question of when it will be launched, RBI Governor Shaktikanta Das said that we do not want to give any timeline. We are not in a hurry, will launch it completely safely and carefully.