Ankith Reddy

Public choice economics exposes the institutional interests behind the RBI’s crypto ban and its opposition to private digital assets. RBI’s crypto ban: When the Reserve Bank of India argues for a policy “leaning towards prohibition” on private cryptocurrencies, it cites financial stability and monetary sovereignty. The Income Tax Department points to evasion through offshore platforms and peer-to-peer transactions. These concerns cannot be dismissed. But they should not end the debate.