The Reserve Bank of India reiterates the risks associated with cryptocurrencies and emphasizes that its stance remains unchanged

According to the Times of India, despite the Supreme Court's opposition to the ban, the Reserve Bank of India (RBI) remains cautious about cryptocurrencies, stating that they may pose risks to financial stability and monetary policy. A government committee is currently reviewing this matter. RBI has also introduced a new regulatory framework that emphasizes public consultation, impact analysis, and regular review to adapt to the constantly changing situation. Previously, it was reported that India may release a discussion document on cryptocurrency regulation in June.