India's Central Bank Maintains Cautious Stance on Cryptocurrency

According to PANews, despite the Supreme Court's opposition to a ban, the Reserve Bank of India (RBI) remains cautious about cryptocurrencies, citing potential risks to financial stability and monetary policy. A government committee is currently reviewing the matter. The RBI has also introduced a new regulatory framework that emphasizes public consultation, impact analysis, and regular reviews to adapt to evolving circumstances. Previously, it was reported that India might release a discussion paper on cryptocurrency regulation in June.