**Breaking News:** 🇮🇳 High-ranking officials of the Reserve Bank of India (RBI) consider imposing strict internal regulations or even banning cryptocurrencies due to concerns about their adverse effects, including threats to macroeconomic stability and emerging markets. RBI Governor Shaktikanta Das has previously highlighted the serious threat cryptocurrencies pose to financial stability in emerging markets. Meanwhile, the ESYA Center, an Indian think tank, advocates lowering the current 1% withholding tax on cryptocurrency transactions to 0.01%. 🏦💰