🇮🇳 RBI Still Cautious on Crypto
Unchanged stance: Despite the Supreme Court ruling against a ban, the Reserve Bank of India remains wary of cryptocurrencies, concerned about their impact on financial stability and monetary policy .
Ongoing scrutiny: A government-appointed panel continues to review crypto regulation, but the RBI’s reservations persist .
New regulatory framework: The RBI has introduced a structured approach to regulation which includes public consultations, detailed impact analysis, and scheduled periodic reviews .
Regulatory context: Since the Supreme Court lifted the 2018 banking ban, crypto remains legal for trading, but remains unregulated—subject to high taxation and ongoing uncertainty .
Summary:
While crypto trading is legally permitted in India, the RBI maintains a cautious, risk-aware stance. It has not changed its view post-Supreme Court ruling and is advancing a consultative, impact-driven regulatory strategy. A government committee is currently examining the issue further.
#news #NewsAboutCrypto #MarketSentimentToday #IndiaCrypto #India
