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RBI remains cautious on crypto, backs underlying technology: Governor Malhotra

The Hindu
By The Hindu Staff
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RBI remains cautious on crypto, backs underlying technology: Governor Malhotra
Photo credit: The Hindu
RBI Malhotra said India supports innovation in the technologies underlying crypto assets, including distributed ledger and tokenisation, but remains cautious about cryptocurrencies, owing to concerns over monetary sovereignty, monetary policy and capital flows. File
Photo credit: The Hindu

RBI Malhotra said India supports innovation in the technologies underlying crypto assets, including distributed ledger and tokenisation, but remains cautious about cryptocurrencies, owing to concerns over monetary sovereignty, monetary policy and capital flows. File | Photo Credit: Reuters

India has maintained a cautious approach towards cryptocurrencies while promoting the underlying technologies, such as distributed ledger technology and tokenisation, Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Saturday (October 3, 2026).

Mr. Malhotra said India supports innovation in the technologies underlying crypto assets, including distributed ledger and tokenisation, but remains cautious about cryptocurrencies, owing to concerns over monetary sovereignty, monetary policy and capital flows.

Originally published by The Hindu on Oct 3, 2026 Read the full article at thehindu.com
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