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Cryptos Likely To Hamper Financial Stability, Says RBI Governor

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SUMMARY

RBI Governor Sanjay Malhotra said cryptocurrency can hamper financial stability and monetary policy

Supreme Court has questioned the Centre’s delay in framing cryptocurrency regulations

The court said that the current taxation of Bitcoin trading profits at 30% implies a legal recognition

Reserve Bank of India (RBI) Governor Sanjay Malhotra said on June 6 that cryptocurrencies may affect the country’s financial stability. 

Malhotra was replying to a question at a…

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