The Reserve Bank of India (RBI) has maintained a cautious stance toward cryptocurrencies, including stablecoins, due to risks of volatility, fraud, and money laundering. Although the Supreme Court lifted the earlier banking ban on crypto, the RBI continues to prohibit their use as currency or for foreign exchange settlement.
Under FEMA, virtual currencies are not recognized as “foreign currency” or “security,” meaning cross-border payments or remittances using them remain illegal.
Sriya Enterprise helps businesses understand and comply with the RBI’s directives. Our experts explain how digital currency usage can inadvertently breach FEMA and offer legitimate alternatives for international payments.
We monitor policy shifts such as CBDC developments (Digital Rupee) and guide businesses on adapting safely within India’s legal framework. By aligning your financial strategies with RBI and FEMA rules, you protect your organization from non-compliance and foster sustainable global growth.
At Sriya Enterprise, we aim to provide clear insights on emerging trends in trade finance, foreign exchange management, and regulatory compliance. One such concerning matter is extensive use of stablecoins — a digital currency innovation rapidly gaining attention globally but…
