The Reserve Bank of India told a parliamentary panel that virtual digital assets like cryptocurrency are a threat to an emerging economy like India and such assets should not be legalized.

India

Who

Reserve Bank of India (RBI)

What

When

Fri, 03 Jul 2026 02:39:18 GMT · 2h 17m ago

Where

India ·

Why

Virtual digital assets are considered a threat to an emerging economy.

The Frontline Impact

How this affects you

The Reserve Bank of India's stance against cryptocurrency legalization could influence future regulatory decisions and the development of the digital asset market within India.

Story chain

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Verified Sources & Citations

The Hindu Business Line
https://www.thehindubusinessline.com/money-and-banking/crypto-should-not-be-legalised-in-india-rbi-tells-parliamentary-panel/article71177177.ece
HIGH

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