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Foresight News reports, according to Economic Times, the Reserve Bank of India (RBI) reiterated its opposition to the legalization of Virtual Digital Assets (VDA, including cryptocurrencies) in a statement to the Indian Parliament's Standing Committee on Finance on Thursday, arguing that such assets pose a threat to emerging economies. This is the first time RBI has directly presented its views on cryptocurrency to the committee, which was meeting on “Research on Virtual Digital Assets and Future Pathways”.RBI officials stated that Virtual Digital Assets should not be granted legal status at this stage, citing concerns that these assets could be used for terrorist financing, drug trafficking, and other illegal activities, while offshore-related entities are difficult to regulate. According to another report, RBI prefers to adopt a restrictive approach to ensure banks and regulated financial institutions are protected from risks associated with this asset class. RBI also criticized stablecoins pegged to fiat currencies (such as the US dollar), arguing that they undermine national monetary sovereignty, and advocated for users to transact virtual assets only through RBI's own Central Bank Digital Currency (CBDC).After the meeting, Committee Chairman Bhartruhari Mahtab told the media that RBI opposes the legalization of Virtual Digital Assets in India. He also mentioned that, compared to other digital assets, RBI's own digital currency (the electronic rupee) “is not a flourishing asset”, with a user base of about 10 million, representing only 0.42% of India's population, and struggles to gain traction under the dominance of the Unified Payments Interface (UPI, which processes over 300 million transactions daily). The meeting also heard the views of the Institute of Chartered Accountants of India (ICAI), which supports establishing a comprehensive legal framework for Virtual Digital Assets. RBI further questioned the longstanding claim that India is one of the world's largest adopters of cryptocurrency, stating that private blockchain analytics firms employ flawed statistical methods that may overestimate adoption rates in countries with large populations.

ChainCatcher news, in 2026, Sandisk rose by more than 530% cumulatively and Micron by more than 230%, reflecting the market's demand in the first half of the year for companies benefiting from the growth in AI demand.

On July 3, Aninda Mitra from BNY Mellon Investment Management stated that yen intervention measures may be accompanied by an unexpected rate hike at some point this year. "I believe the market is underestimating the probability of a rate hike occurring before the December meeting, or the chance of multiple hikes this year," he said. Several Bank of Japan officials have mentioned that core inflation may soon rise again, suggesting that the central bank has some leeway to respond more forcefully in accelerating tightening measures based on inflation. This mispricing poses a risk of a sudden and painful shift in the dollar-yen dynamic. Ultimately, policy measures depend on how the Bank of Japan weighs their impact on the stock market, household balance sheets, and more. Currently, corporate sentiment and consumer confidence appear to be in good condition.