Fintech Brief — July 04, 2026
Fintech Brief — July 04, 2026 Today’s Top Stories 1. RBI Tells Parliamentary Panel: Crypto Should Not Be Legalised in India The Reserve Bank of India has reiterated its hardline stance on cryptocurrencies, telling the Parliamentary Standing Committee on Finance (chaired by BJP member Bhartruhari Mahtab) that virtual digital assets (VDAs) pose a threat to India’s economy and should not be legalised at this stage. The central bank argued that digital money could be used for illegal activities such as terror funding and narcotics smuggling, and that tracking offshore crypto entities presents significant regulatory challenges. ...