RBI has reportedly renewed its call to keep banks and payment systems insulated from cryptocurrencies and privately issued stablecoins as India reviews its digital asset policy.
Summary
- RBI has reportedly recommended limiting banks’ exposure to cryptocurrencies and privately issued stablecoins.
- The central bank also proposed preventing crypto from being used for payments while keeping tokenized regulated assets outside any restrictions.
- The proposal comes as India continues tightening crypto oversight through stricter AML rules and enhanced compliance checks.
As first reported by The Economic Times, Reserve Bank of India Deputy Governor Rohit Jain and Executive…
