Srinagar, Aug. 24 -- By Sri Varshith Kumar Reddy E

India entered 2026 with a puzzle sitting at the center of its economic policy.

The Reserve Bank of India still leans toward restriction on cryptocurrency.

Government papers reviewed in July show the central bank opposing bank exposure to crypto and to stablecoins, whether foreign-issued or rupee-pegged.

A parliamentary panel sat down with the RBI and the Institute of Chartered Accountants on July 2 and walked away without producing any legislative shift.

The 30 percent flat tax on virtual digital asset gains lies untouched in the 2026-27 budget. On top of it, a new penalty regime takes hold on April 1, adding a daily fine of Rs.200 plus a flat charge of Rs.50,000 for reporting lapses...