India's central bank revives push to isolate banks from crypto: Report
10 Articles
10 Articles
India's RBI warns against legal status for 'no beneficial economic impact' crypto
The Reserve Bank of India (RBI) has informed a parliamentary committee that cryptocurrencies pose a threat to India’s economy, and it is also recommending that they should not be legalized. The bank has had a long-standing opposition to digital assets, and this latest submission reinforces its position as lawmakers weigh the country’s digital asset policy. RBI Deputy Governor Rohit Jain and Executive Director P. Vasudevan presented the central b…
The Reserve Bank of India again tightened its message on cryptocurrencies and asked Parliament to isolate the banking system sector. The proposal seeks to prevent its use in payments and limit direct exposure of banks, at a time when India leads the global adoption of crypto and others are moving towards more permissive regulatory frameworks. *** The RBI asked Indian legislators to separate cryptocurrencies from the banking system and prohibit t…
India’s RBI Urges Crypto Ban as Global Regulatory Divide Widens
India’s central bank has urged lawmakers to take a near-prohibitive stance on crypto assets and privately issued stablecoins, underscoring a widening policy divide as the U.S. and Europe move toward clearer rulebooks and licensing regimes. In comments submitted to the Indian Parliament’s Standing Committee on Finance, the Reserve Bank of India (RBI) said a ban on crypto assets remains a “key option” within global regulatory frameworks, according…
India’s Central Bank Renews Effort to Ring-Fence Banks From Crypto, Report
India’s central bank is weighing a policy approach aimed at containing crypto activity—particularly by limiting how banks and regulated financial institutions interact with digital assets and privately issued stablecoins—according to a report by The Economic Times. The stance is expected to feed into a broader review of the country’s digital asset framework as lawmakers prepare a report. In a background note reviewed by a Parliamentary Standing …

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