{"id":870,"date":"2026-10-03T09:45:52","date_gmt":"2026-10-03T09:45:52","guid":{"rendered":"https:\/\/bizstory.in\/?p=870"},"modified":"2026-10-05T05:02:21","modified_gmt":"2026-10-05T05:02:21","slug":"rbi-remains-cautious-on-crypto-sees-cbdcs-as-option-for-cross-border-payments-governor-malhotra","status":"publish","type":"post","link":"https:\/\/bizstory.in\/index.php\/2026\/10\/03\/rbi-remains-cautious-on-crypto-sees-cbdcs-as-option-for-cross-border-payments-governor-malhotra\/","title":{"rendered":"RBI remains cautious on crypto, sees CBDCs as option for cross-border payments: Governor Malhotra"},"content":{"rendered":"\nNew Delhi [India], October 3 (ANI): The Reserve Bank of India continues to take a cautious approach towards cryptocurrencies, while favouring the use of their underlying technologies and seeing central bank digital currencies as a possible way to address problems in cross-border payments, RBI Governor Sanjay Malhotra said on Saturday. Speaking at the Fifth Kautilya Economic Conclave in New Delhi, Malhotra said concerns around cryptocurrencies included the singleness of money, implications for monetary policy and, particularly for emerging market economies, implications arising from capital flow restrictions. \u201cOur approach is we need to promote the underlying technologies, and we are using some of these in the central bank and outside in PPP mode. But insofar as crypto is concerned, it has been a cautious approach,\u201d Malhotra said. He said the payments problem that such technologies seek to solve was increasingly not about domestic transactions, particularly in countries such as India where payments have become fast, cheap and convenient. \u201cThe problem primarily that is being solved is of cross-border payments, and there are other means, for example, CBDCs that can solve these problems,\u201d the Governor said.