🚀 Business & Startups🇮🇳 India
RBI Tells Parliament: Crypto Is a Threat to India's Economy, Don't Legalise It
Inc42 Media·Saturday, 4 July 2026
The Reserve Bank of India has reiterated its strong opposition to cryptocurrency, telling a parliamentary panel that virtual digital assets pose a threat to the economy. The RBI is pushing back against any move to legalise crypto in India. This is the central bank's formal position placed before lawmakers.
Why It Matters
Anyone in India holding or trading crypto needs to know the country's most powerful financial institution is actively lobbying against its legalisation. This could directly shape future rules around crypto investing and taxation.
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