RBI MPC, June 6 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said that the central bank is 'concerned' about cryptocurrencies as they can 'hamper' financial stability of the country.

Speaking to reporters during an interaction after announcing the RBI MPC decisions, Sanjay Malhotra touched upon the topic of cryptocurrencies. He was asked about them in the backdrop of the Supreme Court's observation on crypto currency last month.

Malhotra said that there has been no new development on cryptocurrencies.

"There is no new development as far as crypto is concerned. A committee of the government is looking after this."

However, he said that the RBI is concerned about cryptocurrencies.

"Of course, as you are aware, we a...