India's central bank revives push to isolate banks from crypto: Report
CoinTelegraph·
60-second summary
India's central bank is pushing lawmakers to isolate banks from crypto and private stablecoins, while allowing for regulated tokenization. The Reserve Bank of India reportedly wants to preserve a distinction between legitimate financial activities and unregulated crypto transactions. This move could impact the growth of India's crypto market, with potential restrictions on bank-crypto interactions.
The Indian central bank reportedly urged lawmakers to keep banks insulated from crypto and private stablecoins while preserving room for regulated tokenization.