Derived from @CoinMarketCap, the Reserve Bank of India (RBI) continues to resist easing its stance on cryptocurrency regulation, despite the Supreme Court's opposition to an outright ban. RBI Governor Sanjay Malhotra confirmed that there would be no policy changes following recent guidance from the Supreme Court. The central bank remains concerned about potential risks to financial stability and the effectiveness of monetary policy. Supreme Court Justices Surya Kant and N. Kotiswar Singh have previously stated that banning cryptocurrency is not viable, citing global financial system developments. The lack of proper regulatory frameworks is seen as creating opportunities for criminal misuse. A government committee is currently examining cryptocurrency policy recommendations, while the RBI has introduced new regulation-making procedures that emphasize public consultation and regular review cycles to adapt to the rapidly evolving market conditions.
RBI Maintains Stance Against Crypto Despite Supreme Court's Opposition
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