Tag: stablecoins
Posted in Economy
RBI backs crypto containment and keeps ban on table, officials tell house panel
New Delhi: Top officials of Reserve Bank of India (RBI), in a submission to a parliamentary panel, backed a containment strategy leaning towards prohibition, recommending…
Posted in Economy
Adoption of stablecoins could pose risk to monetary sovereignty: RBI
Mumbai: The Reserve Bank of India on Wednesday said widespread adoption of stablecoins could pose significant risks to India’s monetary sovereignty and financial stability. Stablecoins…
Posted in Economy
Stablecoins pose big risks, serve no real purpose, says RBI’s Rabi Sankar
MUMBAI: India needs to be cautious towards stablecoins, as they pose significant macroeconomic risk while serving no purpose that fiat money cannot, the Reserve Bank…
Posted in Economy
Unbacked cryptos have no value, stablecoins risk policy sovereignty: RBI DG
The RBI Deputy Governor said stablecoins could pose a risk to emerging economies like India and do not serve a purpose that cannot be better…