SENSEX
NIFTY
GOLD
USD/INR

Weather

image 31    C

Economy News

The Economic Times

Economy / The Economic Times

details

RBI backs crypto containment and keeps ban on table, officials tell house panel

The Reserve Bank of India has strongly advised a prohibition strategy for crypto assets, recommending that banks and financial institutions be completely shielded from them. Officials argued that allowing exposure could legitimize speculative products with no economic benefit and pose financial stability risks. The RBI also questioned India's top crypto adopter ranking and warned stablecoins could threaten monetary sovereignty.

3 Jul 2026 12:52 am