Friday, 24 March, 2023

India Central Bank Chief Warns Crypto Could Cause Next Financial Crisis

<p>The governor of the Reserve Bank of India(RBI) has warned that private cryptocurrencies will cause the next financial crisis unless they are regulated. India also began taxing virtual currencies, levying a 30% tax on the gains and a 1% deduction on each crypto transaction. The nation&#39;s move has severely depleted the transactions local exchanges CoinSwitch Kuber and CoinDCX. Binance founder Zhao: &quot;We don&#39;t go to countries where we won&#39;t have a sustainable business&quot;.</p> <quillbot-extension-portal></quillbot-extension-portal>