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RBI Governor Reaffirms Crypto Risk Warning, Backs India’s CBDC Ambitions
RBI warns of crypto risks again, while championing India’s own CBDC over private tokens.
RBI Governor Sanjay Malhotra reiterated a cautious stance on cryptocurrencies, warning of potential financial stability risks associated with them. He stressed that while private crypto assets are risky, India’s own central bank digital currency (CBDC) remains a priority.
What’s clear: the central bank prefers innovation under sovereign control over speculative, unregulated digital assets — signaling that regulation may tighten rather than loosen in the near term.