India crypto rules still in limbo as RBI says ‘no thanks’
Despite mounting pressure for regulatory clarity, the Reserve Bank of India remains firmly opposed to cryptocurrencies, citing risks to monetary policy and financial stability.
RBI Governor Sanjay Malhotra reaffirmed the central bank’s stance even as a government committee reviews policy options and the Supreme Court presses for clearer guidelines. The tension highlights India’s ongoing regulatory deadlock, where legal, judicial, and financial forces continue to clash over the future of digital assets.
Malhotra underlined during a news conference following the announcement that the RBI is still concerned about the possible threats that cryptocurrencies could pose to monetary policy and financial…
