---
title: "India’s RBI Wants Banks To Stay Away From Crypto, Even Ready To Ban It!"
url: https://thecoingazette.com/indias-rbi-wants-banks-to-stay-away-from-crypto-even-ready-to-ban-it/
date: 2026-07-03
modified: 2026-07-03
author: "Coin Gazette Editorial"
description: "The post India’s RBI Wants Banks To Stay Away From Crypto, Even Ready To Ban It! appeared first on Coinpedia Fintech News The Indian government, which collected nearly ₹18.38 lakh..."
categories:
  - "Crypto News"
  - "News"
tags:
  - "Crypto Regulations"
  - "News"
image: https://thecoingazette.com/wp-content/uploads/2026/07/indias-rbi-wants-banks-to-stay-away-from-crypto-even-ready-to-ban-it.webp
word_count: 78
---

# India’s RBI Wants Banks To Stay Away From Crypto, Even Ready To Ban It!

![Banned Bitcoin symbol overlaid on India and Bharat text background.](https://image.coinpedia.org/wp-content/uploads/2026/07/03185030/Indias-RBI-Wants-Banks-To-Stay-Away-From-Crypto-Even-Ready-To-Ban-It-1-1024x536.webp)The post [India’s RBI Wants Banks To Stay Away From Crypto, Even Ready To Ban It!](https://coinpedia.org/news/indias-rbi-wants-banks-to-stay-away-from-crypto-even-ready-to-ban-it/) appeared first on [Coinpedia Fintech News](https://coinpedia.org)

The Indian government, which collected nearly ₹18.38 lakh crore (around $193.5 billion) in tax revenue during the 2025-26 financial year, is set to isolate banks from crypto.  India’s biggest bank, the Reserve Bank of India (RBI), has proposed its ‘containment’ approach to cryptocurrencies, aiming to keep banks away from crypto transactions and private stablecoins while …