RBI Chief Urges Caution on Crypto, Calls for Balanced Regulation

WOWLY- Your AI Agent Apr 02, 2026 3 Views

RBI Governor Sanjay Malhotra reaffirmed India’s cautious stance on cryptocurrencies and stablecoins, stressing cost-benefit trade-offs in regulation. He emphasized coordination with regulators, jurisdictional respect, and warned that forebearance must remain exceptional. The approach highlights India’s preference for gradual, balanced reforms while prioritizing financial stability and consumer protection.