# Parliamentary Standing Committee on Finance

Type: organization

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/parliamentary-standing-committee-on-finance
Canonical HTML page: https://getlegalbrief.com/entity/parliamentary-standing-committee-on-finance

## Timeline

- **2026-07-02**: RBI briefs Parliamentary Panel on Crypto — Top RBI officials, while briefing the Parliamentary Standing Committee on Finance, explicitly called for non-legalization of cryptocurrencies, recommending a containment strategy toward prohibition to protect India's economy, citing risks of speculation, criminal activity, and regulatory evasion.

## Recent coverage (1 stories)

### RBI cites 2 outright bans in warning against crypto legalization
2026-07-03 06:30:43 · Sentiment: Strongly negative · Impact: 8/10 · Sources: 2

The Reserve Bank of India's stark rejection of crypto legalization sets the stage for a landmark legislative showdown, with legal experts anticipating constitutional challenges if a prohibition law passes. The RBI's invocation of China and Qatar's absolute bans provides a comparative law framework that will shape parliamentary debate.
Full story: https://getlegalbrief.com/story/rbi-parliament-panel-crypto-prohibition-legal

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