RBI Reiterates Crypto Concerns, Supreme Court Calls for Clear Policy

Imagine digital money like Bitcoin, called crypto.

India's central bank, the RBI, is worried that crypto could cause problems for the country's money system.

The RBI says it could hurt financial stability.

The Supreme Court wants clear rules for crypto.

The government is working on this, but for now, crypto isn't explicitly illegal, but it's not fully approved either.

The RBI has the same concerns.

There is currently a group examining how other countries deal with it, but there has been no change.