The Securities and Exchange Board of India and the Reserve Bank of India are at odds over cryptocurrency regulation
2025-09-18 05:01:01
India's handling of cryptocurrencies has exposed a widening rift between its two largest financial regulators: the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). The SEBI has expressed a willingness to regulate some aspects of crypto trading, while the RBI is adamantly opposed to legalizing digital assets on the grounds that they could pose a risk to financial stability. The divergence in their positions highlights India's still unclear and uncertain attitude towards digital assets at a time when global cryptocurrencies are rapidly gaining popularity.
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