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‘No change in stance on crypto, concerned over risks to policy, stability’

‘No change in stance on crypto, concerned over risks to policy, stability’

'No change in stance on crypto, concerned over risks to policy, stability'

MUMBAI: RBI said its stance on cryptocurrency remains unchanged, even as a govt panel continues to examine the issue. “There is no new development following the Supreme Court pronouncement on the crypto matter,” RBI governor Sanjay Malhotra said at the post-policy press conference. “RBI has maintained a consistent stance on this issue. A govt committee is currently examining the matter. We remain concerned about the potential risks crypto poses to financial stability and monetary policy,” he said.In a recent order, an SC bench led by Justices Surya Kant and N Kotiswar Singh said that banning crypto is not a viable option given global developments in financial systems. The SC observed that the absence of a regulatory framework has…

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