According to Finance Feeds, Reserve Bank of India (RBI) Governor Shaktikanta Das reiterated that the central bank's cautious approach to cryptocurrencies has "not changed", despite India's Supreme Court recently pointing out that there are enforcement challenges with a blanket ban on digital assets. The RBI is primarily concerned that cryptocurrencies pose a threat to financial stability and monetary policy autonomy and may facilitate illicit transactions. Unlike the European Union and the United States, which have adopted regulatory frameworks, India has taken a more conservative path, prioritizing monetary sovereignty and systemic integrity.
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According to Finance Feeds, Reserve Bank of India (RBI) Governor Shaktikanta Das reiterated that the central bank's cautious approach to cryptocurrencies has "not changed", despite India's Supreme Court recently pointing out that there are enforcement challenges with a blanket ban on digital assets. The RBI is primarily concerned that cryptocurrencies pose a threat to financial stability and monetary policy autonomy and may facilitate illicit transactions. Unlike the European Union and the United States, which have adopted regulatory frameworks, India has taken a more conservative path, prioritizing monetary sovereignty and systemic integrity.