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India’s Central Bank Still Leans Toward Crypto Prohibition as Tax and Stability Risks Mount
NEWSJUL 8, 2026
India’s Central Bank Still Leans Toward Crypto Prohibition as Tax and Stability Risks Mount
Indian authorities continue to take a hard line on crypto even as digital assets gain wider global acceptance. The Reserve Bank of India remains concerned about bank exposure, stablecoins, financial contagion and pressure on the country’s external position.