RBI governor reiterates crypto remains a threat to India’s monetary policy and financial stability.
Despite court pressure, India’s central bank sticks to its cautious stance on digital assets.
Reserve Bank of India (RBI) Governor Sanjay Malhotra has made it clear that their view on digital assets like Bitcoin and Ethereum remains the same: crypto is considered risky, according to Times of India.
According to him, these assets can destabilize the financial system and make it difficult to implement monetary policy in a country as large as India. It’s like saying, “We don’t want our financial system to suddenly turn into a digital playground without rules.”
Legal Clarity Demanded as Courts Push Back on Crypto Uncertainty
On the other hand, the Supreme Court of India has actually pushed back. In a hearing held in late May, the judges said that a total ban on crypto was not a realistic solution. They even likened the unsupervised trading of digital assets to the practice of
