Crypto India: RBI Reiterates Crypto Ban Call, but No Policy Change Announced

Published by

Nidhi Kolhapur

July 8, 2026

Financial Intelligence Unit India emblem next to gold Bitcoin coins and the national flag.

The Reserve Bank of India has reiterated its long-standing call for a cryptocurrency ban, according to Reuters. The RBI continues to cite risks to financial stability, monetary policy, and consumer protection. However, the central bank cannot impose a nationwide ban on its own. Any such measure would require approval from the Government of India and Parliament. For now, India continues to tax cryptocurrency gains while broader legislation remains under consideration.

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