CMC News

RBI Maintains Crypto Resistance Despite Supreme Court Opposition to Outright Ban

India's central bank refuses to soften its stance on cryptocurrency regulation.

Reserve Bank of India (RBI) Governor Sanjay Malhotra confirmed no policy changes following recent Supreme Court guidance.

The #RBI continues expressing concerns about potential risks to financial stability.

Monetary policy effectiveness remains a primary worry for banking regulators.

Supreme Court Justices Surya Kant and N. Kotiswar Singh previously stated that banning crypto isn't viable.

Global financial system developments make prohibition impractical, according to court observations.

The absence of proper #regulatory frameworks creates opportunities for criminal misuse.

A government committee currently examines cryptocurrency policy recommendations.

RBI introduced new regulation-making procedures emphasizing public consultation processes.

Impact analysis and regular review cycles will adapt to rapidly evolving market conditions.

The central bank's consistent opposition reflects broader institutional skepticism toward digital assets.