“Yes – MNBC, no – cryptocurrencies. Although India is a country with the highest level of cryptocurrency in the world and its incredibly popular spread, local authorities continue to wage war against bitcoin (BTC) and similar currencies. In addition to extremely high taxation, the government does not plan to adopt legislation on this issue, especially to avoid giving any legitimacy to this digital […]”, – WRITE: Businessua.com.ua
Yes – MNBC, no – cryptocurrencies. Although India there are a country with the highest level of use of cryptocurrency in the world and its incredibly popular spread local government continues bend the war against the bitcoin (BTC) and similar currencies. In addition to extremely high taxation, the government does not plan to adopt legislation on this issue, especially to avoid giving any legitimacy to these digital assets. Simultaneously, Central Bank of India work hard on his digital currency ( MNBC ) that is good centralized and is under control.
The key points of this article:
- The authorities of India, whose population is the world leader in the use of cryptocurrencies, has strengthened its anti -cripple policy through restraining taxation and without favorable legislation.
- The Indian Central Bank is preparing for the launch of digital currency (MNBC) – digital Rupees – to strengthen control and tracking transactions.
India Minister confirms the rapid launch of digital Rupees According to the publication of local media (Asian News International), published on October 7, 2025, Minister of Commerce and Industry of India Piuush goal stated that Central Bank Digital Currency (CBDC) will Running in the near future .
Developed by India’s reserve bank, this Digital Rupia will allow Track transactions and significantly reduce (eliminate?) Cash /banknotes.
“(…) We think it will simplify transactions. It will also reduce the consumption of paper and accelerate transactions compared to the banking system. But it will also provide tracking. “
Piuush Goyal, Minister of Commerce and Industry India
Of cryptocurrency minister reminded that even if they are not forbidden they are subject to restraining taxation which has prevent their use . It is about 30% taxation of capital increase ( Like in France ).
Although stablcons, based on fiat currency reserves (such as a dollar or Rupea) or assets (such as gold) seem more acceptable Indian Minister, bitcoin and other classic cryptocurrencies in his opinion should be banned :
“We do not encourage cryptocurrencies that do not have the support of a sovereign state or are not supported by assets (…). As for cryptocurrencies that are not supported by the central government, although there is no prohibition as such, we tax them very high. We do not encourage them, because we do not want anyone at some point to receive a cryptocurrency that has no support and which no one stands for anyone. “
Piuush Goyal, Minister of Commerce and Industry India
However, not quite confident that better than in Venezuela, to give preference to the currency in which the “state stands” and bankers than bitcoin which is increasingly getting safe harbor in front of the inflation and depreciation of fiat currencies. Especially given that, despite this official anti -criptoposition in India, data show that Use of cryptocurrencies Among the population continues to grow. Does the latter want this MNBC?
Source: Journalducoin.com
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