The Deputy Governor of the Reserve Bank of India has expressed concerns over the introduction of stablecoins, citing potential policy challenges. Speaking on October 29, the official highlighted that launching stablecoins could lead to a series of avoidable policy issues, though specific details of these challenges were not elaborated upon. The statement reflects ongoing caution within the Indian central bank regarding the integration of digital currencies into the financial system.
RBI Deputy Governor Warns Against Stablecoin Launch
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