India’s Central Bank Renews Push for Crypto Ban: Report
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Internal government documents seen by Reuters show the Reserve Bank of India backs a crypto policy "leaning towards prohibition" due to concerns about financial stability, monetary sovereignty and privately issued stablecoins. This signals increased regulatory risk for crypto adoption and potential headwinds for token issuance, DEX/CEX operations and stablecoin use in India.
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The Reserve Bank of India (RBI) has reiterated its support for a crypto policy, which is “leaning towards prohibition,” according to internal government documents reviewed by Reuters.
They show that the institution continues to be concerned about financial stability, monetary sovereignty, and the role of privately issued stablecoins.
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