In December 2022, the Financial Stability Report (FSR) was published by the Reserve Bank of India (RBI), India’s central bank. Government-issued CBDCs, blockchain-based commodities, as well as DeFi are just some of the topics covered in the 172-page study. According to the Financial Stability Report published by the central bank, a consensus on crypto assets is necessary to deal with potential long-term risks to financial stability, protect the people, as well as defend speculators.