以印度储备银行为首的印度当局仍保持鹰派立场,倾向于禁止加密货币,尽管加密货币在全球范围内的采用不断增加,并且有数百万国内投资者。 印度储备银行反对银行接触加密货币以及外国和与卢比挂钩的稳定币,警告金融传染风险、铸币税损失和市场动荡期间的压力。 税务官员指出,加密货币收益的少报以及追踪离岸和点对点交易的困难,而政策制定者表示,加密货币可能会加剧资本外流和印度的外部赤字。
代币化、稳定币和战略储备。加密货币和区块链越来越受到世界各地政府和投资银行的欢迎。然而,印度当局依然不为所动,坚持多年来的反对立场。 据路透社查阅的政府文件显示,印度储备银行正在继续推行“倾向于禁止”的政策,而该国税务部门则对严重的合规漏洞感到担忧。 尽管印度近 15 亿人口中拥有近 3900 万加密货币投资者,截至 5 月份持有约 21 亿美元的数字资产,但这一地位仍然存在。 印度储备银行长期以来一直认为,应禁止银行和金融机构持有、交易或提供任何加密资产和私人发行的稳定币敞口,以防止风险蔓延到更广泛的金融体系。 央行还反对与卢比挂钩的稳定币,而不仅仅是与美元挂钩的代币,警告称它们可能会侵蚀铸币税,并在市场动荡期间造成压力点。 联系了印度储备银行征求意见。
与此同时,税务机关对普遍存在的漏报情况感到担忧。在截至 2023 年 3 月的财年中,在进行加密货币交易的 645,000 名个人中,只有不到四分之一在纳税申报表上实际申报了这些收益。 在离岸交易所和点对点平台上执行的交易,特别是那些以卢比计价的交易,仍然难以追踪、追踪和征税。 自最高法院推翻印度储备银行 2018 年的禁令以来,印度加密货币投资者一直在监管灰色地带运作。它既不是完全非法的,也不是明确监管的。 2021 年禁止私人加密货币的法案草案从未提出,政策讨论也一再推迟。 尽管政府谈到要平衡创新与风险管理,但最新的内部文件表明,主要机构仍未准备好接受数字资产。
印度不情愿的部分原因是其严重依赖能源进口和持续的经常账户赤字。最近,当与伊朗的紧张关系推高油价、抬高能源进口费用并将卢比推至历史低点时,这一立场的脆弱性暴露无遗。当局担心加密货币的广泛采用可能会加速资本外流,绕过传统银行渠道并加剧外部赤字。 印度税
Indian authorities, led by the Reserve Bank of India, are maintaining a hawkish stance that leans toward prohibiting crypto despite growing global adoption and millions of domestic investors.
The RBI opposes banks’ exposure to crypto and both foreign and rupee-pegged stablecoins, warning of financial contagion risks, loss of seigniorage and stress during market turmoil.
Tax officials noted the underreporting of crypto gains and the difficulty of tracking offshore and peer-to-peer transactions, while policymakers said crypto could worsen capital outflows and India’s external deficit.
Tokenization, stablecoins and strategic reserves. Crypto and blockchain are increasingly being embraced by governments and investment banks worldwide. Indian authorities, however, remain unimpressed, sticking firmly to their years-long opposition.
The Reserve Bank of India is continuing to push for a policy "leaning toward prohibition" and the country’s tax department is fretting over serious compliance gaps, according to government documents reviewed by Reuters.
The position persists despite India having nearly 39 million crypto investors out of a population of almost 1.5 billion, holding roughly $2.1 billion in digital assets as of May.
The RBI has long maintained that banks and financial institutions should be barred from holding, trading, or offering any exposure to crypto assets and privately issued stablecoins to prevent contagion risks to the broader financial system.
The central bank is also averse to rupee-pegged stablecoins, not just dollar-pegged tokens, warning that they could erode seigniorage and create stress points during periods of market turbulence.
reached out to the RBI for comment.
Tax authorities, meanwhile, are concerned about widespread underreporting. In the financial year ended March 2023, fewer than a quarter of the 645,000 individuals who transacted in crypto actually declared those gains on their tax returns.
Transactions executed on offshore exchanges and peer-to-peer platforms, especially those denominated in rupees, remain difficult to track, trace and tax.
Indian crypto investors have been operating in a regulatory grey zone since the Supreme Court struck down the RBI’s 2018 ban. It is neither outright illegal nor clearly regulated. A 2021 draft bill to ban private cryptocurrencies was never presented and policy discussions have been repeatedly delayed.
While the government has spoken of balancing innovation with risk management, the latest internal documents suggest key agencies are still not ready to embrace digital assets.
India’s reluctance can partly be explained by its heavy dependence on energy imports and persistent current account deficits. The fragility of this position was recently exposed when tensions with Iran drove oil prices higher, inflating the energy import bill and pushing the rupee to record lows. Authorities are concerned that widespread crypto adoption could accelerate capital outflows, bypassing traditional banking channels and worsening the external deficit.
IndiaTax