India2026.10.04TokenPost

Reserve Bank of India backs tokenization but remains cautious on private crypto assets

• RBI Governor Sanjay Malhotra made the remarks on October 3 at the Kautilya Economic Conclave in New Delhi.
• The RBI distinguishes between adopting distributed ledger technology/tokenization and accepting privately issued virtual assets as currency or payment instruments.
• Malhotra cited risks to monetary sovereignty, monetary policy effectiveness, and capital flows as key concerns around private virtual assets.