According to a report by *The Economic Times*, senior officials from the Reserve Bank of India (RBI) submitted their opinions to the Standing Committee on Finance in the Indian Parliament, advocating for a "curb strategy" leaning toward banning crypto assets. They also recommended that banks and other regulated financial institutions maintain separation from crypto assets and privately issued stablecoins. RBI stated that banning remains one of the policy options recognized under international standard-setting frameworks. They warned that applying traditional regulatory frameworks to crypto assets might legitimize speculative products and give users a "false sense of security." RBI further cautioned that large-scale adoption of stablecoins could undermine India's monetary sovereignty and financial stability. At the same time, RBI advised policymakers to distinguish between speculative crypto assets and the tokenization of regulated financial instruments like government bonds and corporate bonds, to avoid stifling innovation in tokenization. https://(wublock123.com)/news/rbi-favors-curb-on-crypto-ban-option-still-considered-63971