Crypto trading in India: Could hamper financial stability, says RBI gov; no new Bill yet
The Reserve Bank of India once again raised red flags over cryptocurrencies, warning that these digital assets could threaten the financial stability and monetary policy.Speaking to reporters after the central bank’s monetary policy announcement on Friday, RBI governor Sanjay Malhotra said, “There is no new development as far as crypto is concerned. A committee of the government is looking after this.”“Of course, as you are aware, we are concerned about crypto because that can hamper financial stability and monetary policy,” Malhotra said, quoted by PTI.His remarks follow the Supreme Court’s observation last month, where it urged the Centre to formulate a “clear cut” policy to govern cryptocurrency usage in India,…
