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India slams ‘unbacked crypto’ amid RBI’s new digital currency plans

India slams ‘unbacked crypto’ amid RBI’s new digital currency plans

2025-10-07

India slams ‘unbacked crypto’ amid RBI’s new digital currency plans

India doesn’t “encourage or discourage” crypto, it “only taxes it,” Minister Piyush Goyal said, while unveiling a new RBI-backed digital currency project.

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