RBI Appears Before Parliament's Finance Committee on VDAs for the First Time (July 2, 2026)
On July 2, 2026, the RBI testified before the Lok Sabha's Standing Committee on Finance on Virtual Digital Assets (study item No. 3141, Lok Sabha Bulletin Part II, 14 Aug 2025) — the central bank's first direct appearance on crypto before Parliament, despite the committee having already heard from CoinDCX, Coinbase, CoinSwitch, WazirX, Binance, FIU-IND, CBDT, IFSCA, and the Ministry of Corporate Affairs across seven prior sittings; Committee Chairman Mahtab had already publicly acknowledged after the 7th sitting on May 20 that the RBI remains opposed to any regulation or permission for VDAs in India (The Crypto Times, 26 Jun 2026). Any builder structuring a product around a future licensing framework must treat this as the definitive signal that cross-border crypto flows, stablecoin on-ramps, and fiat-crypto rails face an active RBI veto — design your compliance stack to survive in the regulatory gap, not around an imminent green light.
Source: The Crypto Times ↗