The Governor of the Reserve Bank of India reiterates concerns about cryptocurrencies; the regulatory framework is still under review.

According to reports, Malhotra, the Governor of the Reserve Bank of India (RBI), stated that the central bank's position on cryptocurrencies remains unchanged, and it still has concerns about their potential risks to financial stability and monetary policy.

Although the Supreme Court ruled that 'banning cryptocurrencies is not feasible' and urged the government to expedite the establishment of a regulatory framework, the RBI emphasized that there has been no new progress, and the related issues are still under review by a government committee.