The Central Bank of India Takes a Cautious Stance on Cryptocurrency
AI Summary
According to PANews, despite the Supreme Court's opposition to the ban, the Reserve Bank of India (RBI) remains cautious about cryptocurrencies, citing potential risks to financial stability and monetary policy. Currently, a government commission is reviewing the matter. The RBI has also introduced a new regulatory framework emphasizing the importance of public discussion, impact analysis, and regular reviews to adapt to changing circumstances.
It was previously reported that India may publish a discussion paper on cryptocurrency regulation in June.