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RBI wants to ban Crypto in India
RBI said crypto should not be legal in India and people started panic selling their hard earned money. But RBI is not the regulator of crypto. The Finance Bill 2022 gave crypto legal status as a Virtual Digital Asset, passed in Parliament by the Finance Ministry. FIU-IND regulates it, RBI can only give opinions. 30% tax plus 1% TDS means the government earns crores from crypto every year. In 2018 RBI tried a banking ban, the Supreme Court struck it down in 2020, and users simply moved to P2P. You cannot ban Bitcoin without banning the internet. Full facts in this video.
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