India’s Crypto Uncertainty Persists as RBI Remains Resistant to Regulation

Despite mounting pressure from various fronts for clarity on crypto regulations, the Reserve Bank of India (RBI) continues its opposition to cryptocurrencies, citing risks to monetary policy and financial stability. Governor Sanjay Malhotra reiterated this stance even as a government committee reviews regulatory options and the Supreme Court pushes for defined guidelines. This ongoing deadlock highlights India’s struggle to find a consensus on digital assets.