NEW DELHI: RBI on Thursday made its stand over legalising cryptocurrency clear, amid fears that it can be a source of financing for crimes with transnational dimensions like drug trade and terrorism, persons familiar with the deliberations said after the central bank briefed a Parliamentary committee on virtual digital assets (VDAs).

The Reserve Bank of India has informed a parliamentary panel that virtual digital assets like cryptocurrency pose a threat to India's developing economy and should not be…

The Reserve Bank of India has strongly advised a prohibition strategy for crypto assets, recommending that banks and financial institutions be completely shielded from them.…