The Reserve Bank of India has issued a strong caution against the growing use of fiat-backed stablecoins, warning that such digital assets could undermine monetary sovereignty and pose systemic risks to financial stability. The central bank emphasized that privately issued cryptocurrencies pegged to national currencies may weaken regulatory oversight, disrupt capital flows, and dilute the… Continue reading RBI Raises Red Flag on Stablecoins, Citing Threats to Monetary Control and Financial Stability
Tag: RBI
RBI Pushes Back on Crypto Narrative, Calls Digital Tokens “Code, Not Currency”
A senior official at the Reserve Bank of India has reignited debate over the legitimacy of cryptocurrencies, arguing that digital tokens lack the defining attributes of real money. The remarks underscore the central bank’s long-standing skepticism toward privately issued crypto assets and reinforce its cautious regulatory stance. By framing cryptocurrency as merely software rather than… Continue reading RBI Pushes Back on Crypto Narrative, Calls Digital Tokens “Code, Not Currency”
RBI Flags Cryptocurrencies as a Threat to India’s Financial Stability
The Reserve Bank of India has once again voiced firm concerns about the rapid expansion of cryptocurrencies, warning that unregulated digital assets pose material risks to the country’s financial stability. According to the central bank, crypto markets’ speculative nature, lack of intrinsic value, and vulnerability to manipulation make them unsuitable for integration into the mainstream… Continue reading RBI Flags Cryptocurrencies as a Threat to India’s Financial Stability
RBI Flags Sovereignty Risks as Stablecoins Gain Traction
The Reserve Bank of India has reiterated its concerns over the rapid expansion of stablecoins, warning that their widespread adoption could erode monetary sovereignty and impair the stability of the financial system. According to the central bank, privately issued digital tokens pegged to fiat currencies may weaken the effectiveness of domestic monetary policy, complicate capital-flow… Continue reading RBI Flags Sovereignty Risks as Stablecoins Gain Traction
RBI Governor Endorses India’s Digital Currency Amid Warnings on Cryptocurrency Risks
RBI Governor has highlighted the substantial risks associated with private cryptocurrencies, emphasizing volatility, fraud potential, and systemic threats to financial stability. In response, he advocated for the adoption and development of India’s central bank digital currency (CBDC), citing it as a safer and regulated alternative. The Governor stressed that a sovereign digital currency could provide… Continue reading RBI Governor Endorses India’s Digital Currency Amid Warnings on Cryptocurrency Risks
Investors Urged to Heed RBI Warnings as Cryptocurrency Risks Mount
The Reserve Bank of India (RBI) has reiterated cautionary guidance regarding cryptocurrencies, emphasizing the potential financial, regulatory, and systemic risks associated with digital assets. Despite soaring retail and institutional interest, investors are being warned about volatility, lack of legal safeguards, and the possibility of significant losses. Financial authorities stress that cryptocurrencies remain outside the ambit… Continue reading Investors Urged to Heed RBI Warnings as Cryptocurrency Risks Mount