India’s central bank ‘strongly advocates’ countries prioritize CBDCs over stablecoins

The Indian government remains skeptical of stablecoins and believes they can cause significant harm to financial stability. India’s Reserve Bank has urged countries in its Financial Stability Report to prioritize digital currencies issued by banks over privately issued stablecoins. What is the Indian government’s attitude towards stablecoins? The Reserve Bank of India released its Financial […] source: https://www.cryptopolitan.com/india-advocates-cbdcs-over-stablecoins/