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India's central bank has reportedly renewed its push to wall off the country's commercial banking system from cryptocurrency and private stablecoins, while preserving a lane for regulated tokenization of assets.
The central bank urged lawmakers to draw a clear boundary between supervised finance and private digital currencies — a distinction that defines the institution's long-running approach to the sector.
A Revived Push, Not a New One The framing in the report matters: this is a revival of an existing position, not a policy reversal.
India's central bank has previously sought to limit banks' exposure to crypto, and the renewed lobbying of lawmakers suggests that earlier efforts did not fully close the door.
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