RBI backs blockchain tech, stays cautious on crypto
In short
RBI Governor Sanjay Malhotra said on Saturday that India supports blockchain-like technology such as distributed ledger and tokenisation. He also said the RBI stays cautious on cryptocurrencies.
He cited worries about monetary sovereignty, monetary policy and capital flows. It is not stated in the available reporting whether any new rule or action is coming.
What the reporting says
RBI Governor Sanjay Malhotra said on Saturday that India supports distributed ledger technology and tokenisation while remaining cautious on cryptocurrencies. He cited concerns over monetary sovereignty, monetary policy and capital flows, according to publisher summaries. The immediate result is a clearer policy split between crypto assets and their underlying technologies, but no new rule, timeline or enforcement step was stated.
Why it matters
Sanjay Malhotra’s remarks set out the RBI’s stance toward crypto-related technology and digital assets on Saturday. The governor said India supports distributed ledger technology and tokenisation, but remains cautious about cryptocurrencies because of monetary sovereignty, policy and capital-flow concerns. That matters for crypto markets, financial firms and digital-asset developers, but the reporting does not state any fresh policy change.