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Informist, Thursday, Jan. 29, 2026

--CEA: Our position on cryptocurrencies same as that of RBI 
 

NEW DELHI – The government's views on cryptocurrencies are the same as those of the Reserve Bank of India, the government's Chief Economic Adviser V. Anantha Nageswaran said Thursday. "Our view on cryptocurrencies and Stablecoins is the same as that of RBI Deputy Governor Rabi Sankar's," CEA said at a press briefing on the Economic Survey of 2025-26 (Apr-Mar). A few months ago, Sankar had said that cryptocurrencies do not serve any purpose that existing forms of money cannot do better. 

The RBI, in a recent report, had also cautioned that the popularity of Stablecoins raises concern for both monetary policy and financial stability, particularly in emerging market developing economies like India, as their widespread use can weaken central banks' control over money supply and interest rates. On multiple occasions, the government and the RBI have pitched the central bank digital currency as a superior alternative to cryptocurrencies. 

The Indian government and the RBI deem cryptocurrency as a virtual digital asset and levy a 30% tax on cryptocurrency gains.  End

Reported by Krity Ambey

Edited by Saji George Titus

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