SEBI and RBI Diverge on Crypto Regulation in India

India’s debate over how to handle cryptocurrencies has exposed a growing rift between two of its top financial regulators: the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). While SEBI has signaled openness to overseeing certain aspects of crypto trading, the RBI remains firmly opposed to granting legitimacy to digital assets, citing risks to financial stability. This divergence of views underscores the uncertainty that continues to define India’s stance on digital assets ...