According to Gulf Today's July 22 report, the Reserve Bank of India (RBI) called on the Indian Supreme Court (SC) to monitor Bitcoin and other cryptocurrencies to curb the formation of illegal transactions, which RBI believes will affect The flow of international funds. The Reserve Bank of India told Chief Justice Dipak Misra, Judge AM Khanwilkar and Justice DY Chandrachud that RBI is very cautious about cryptocurrencies because if they have any position, they will have serious policy implications.