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Basic

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Introduction to Futures Trading

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Stock CFD Derivatives

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Stocks Activities

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Launch

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Dual Investment

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India's 39 Million Crypto Users Hold $2.1B in Assets as RBI Urges Banks to Avoid Exposure

2026-07-15 16:09:58

According to ChainCatcher, India's approximately 39 million verified crypto users hold about $2.1 billion in assets across roughly 54 registered service providers. The country imposes a 30% tax on virtual asset income plus an additional 1% tax-at-source on transfers. The Reserve Bank of India has repeatedly urged banks to avoid exposure to private cryptocurrencies and stablecoins to protect financial stability, while a long-promised crypto law remains incomplete.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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