RBI backs blockchain technology, remains cautious on crypto: Guv Malhotra
Business Standard 1 hr ago·3 Oct 2026, 8:54 am
Reserve Bank of India Governor Sanjay Malhotra has clarified the central bank's stance on digital assets. While the RBI remains cautious about cryptocurrencies due to concerns over monetary sovereignty and capital flows, it actively supports the underlying blockchain technologies. This includes distributed ledger technology and tokenisation, which are viewed as innovative tools for the financial system.
For investors, this signals a clear distinction between the asset class and the technology. The RBI's endorsement of blockchain infrastructure suggests that India is moving toward regulated digital financial products. However, the continued caution on crypto indicates that a direct ban or heavy regulation remains a possibility, keeping the regulatory environment uncertain for digital asset investors.
Investors should watch for upcoming policy announcements and the government's roadmap for tokenisation. The focus will likely shift to how traditional financial institutions integrate these technologies. While the tech sector may benefit, the path for standalone cryptocurrency trading in India remains unclear and subject to strict oversight.
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