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🇮🇳 RBI’s Strong Warning on Crypto
India’s central bank chief says crypto and stablecoins are a “huge risk” for the financial system — too volatile, too hard to control, and can threaten monetary stability.
At the same time, the RBI is fully backing its own digital rupee (CBDC), calling it a safer and government-regulated alternative for digital payments.
Bottom line: India is tightening its stance on private crypto while pushing its own digital currency as the trusted option.
#warrning
#IndiaRBI
India’s central bank chief says crypto and stablecoins are a “huge risk” for the financial system — too volatile, too hard to control, and can threaten monetary stability.
At the same time, the RBI is fully backing its own digital rupee (CBDC), calling it a safer and government-regulated alternative for digital payments.
Bottom line: India is tightening its stance on private crypto while pushing its own digital currency as the trusted option.
#warrning
#IndiaRBI
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