The Reserve Bank of India (RBI) recently stated in a brief announcement that its stance on cryptocurrencies has not changed. Speaking at a press conference following the policy meeting, RBI Governor Sanjay Malhotra stated that they still maintain a distance from cryptoassets.

Malhotra, who stated that cryptocurrencies carry high risks in the past period, recently conveyed the following words in a statement:
"There has been no new development following the Supreme Court's decision regarding crypto. Our position on this has been consistent from the beginning. A committee within the government is still examining the matter. We continue to be concerned about the potential risks of crypto on financial stability and monetary policy."
Recently, the Supreme Court panel, chaired by Judge Surya Kant and N Kotiswar Singh, stated in its ruling that, considering the developments in the global financial system, a complete ban on cryptoassets is not a viable option.