According to the Times of India, Malhotra, Governor of the Reserve Bank of India (RBI), said that the central bank's position on cryptocurrencies remains unchanged and is still concerned about its potential risks to financial stability and monetary policy. Although the Supreme Court recently ruled that "it is not feasible to ban cryptocurrencies" and asked the government to introduce a regulatory framework as soon as possible, the RBI emphasized that there is no new progress at present, and the relevant issues are still under consideration by the government committee.