Cryptocurrencies and related assets, such as stablecoins, pose a threat to the financial system. Central banks worldwide think so and fear losing control over the global financial system if governments allow easy access to them. In separate addresses at conferences, RBI governor Sanjay Malhotra and deputy governor T Rabi Sankar spoke in detail on these issues. The government must decide whether to regulate the use of cryptocurrencies and related assets. It is a policy decision that could eventually determine our ability to access crypto assets freely.

Source: Indian Express December 28, 2025 17:38 UTC