India Plans Twin Taxes on Exchanges and Traders Before Passing Crypto Bill: Report
A senior Finance Ministry official told a newspaper that taxation does not necessarily imply legality.
Reserve Bank of India Governor Shaktikanta Das said he expects the government to "take a call" on cryptocurrencies.
Jhunjhunwala told CNBC he "will never buy bitcoin" and that Indian regulators should step in and ban cryptocurrencies.
A CBDC could promote financial inclusion but also poses a risk of harming the banking system, the RBI said in a report.
Liink, JPMorgan’s blockchain banking network, is based on a fork of Ethereum.
The reported move comes as India is moving towards a potential ban on non-governmental cryptocurrencies.