Indian official urges caution on cryptocurrencies, stresses financial risks and responsible lending.

Indian Financial Services Secretary M Nagaraju urges caution on cryptocurrencies, aligning with the Reserve Bank of India's concerns over financial risks. He also cautions microfinance institutions against lending to new self-help groups without assessing their repayment ability. Nagaraju supports taxing gains from cryptocurrency sales and emphasizes the need for climate-resilient infrastructure finance.

November 18, 2024
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