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Ahead of consultation paper, RBI DG says CBDCs can kill case for cryptos

Ahead of consultation paper, RBI DG says CBDCs can kill case for cryptos

by AIP Online Bureau | Jun 3, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology, Wealth Management/ Philanthropy

T Rabi Sankar, Deputy Governor,Reserve Bank of India The RBI has been vehemently opposed to cryptocurrencies like Bitcoin, saying there is no underlying value for such instruments which are essentially speculative in nature. It has gone public with the same, even as...
Govt mulling changes in I-T laws to bring cryptos under tax net

Govt mulling changes in I-T laws to bring cryptos under tax net

by AIP Online Bureau | Nov 20, 2021 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

New Delhi: The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the budget next year, a top official said. Revenue secretary Tarun Bajaj said in terms of income tax, some people...

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