The Reserve Bank of India (RBI) has not recommended granting legal status to cryptocurrency in India. Standing Committee on Finance Chairman Bhartruhari Mahtab confirmed this in a media interaction with ANI after today’s sitting, shutting down any speculation that the central bank may be softening its decade-long opposition to private crypto. When a reporter from ANI directly asked whether the RBI has spoken about or suggested giving cryptocurrency legal status in India, Mahtab’s response was a flat “No.” #WATCH | Delhi | Chairman, Standing Committee on Finance Bhartruhari Mahtab says, "This was a discussion about virtual assets. This is the seventh meeting we have had today with the RBI regarding virtual digital assets. Subsequently, we also had a meeting with the Institute of... https://t.co/yCBWpZNAc9 pic.twitter.com/MkTia0NfTg — ANI (@ANI) July 2, 2026 That one word carries weight. This was the first time the RBI appeared before the parliamentary panel to present its views on Virtual Digital Assets (VDAs) directly. And the central bank used that appearance to hold the same line it has maintained since December 2013. RBI maintains strong opposition to private crypto, rejecting l