India’s Central Bank Pushes For CBDCs Over Stablecoins

India calls on international community to focus on CBDCs

The RBI emphasizes prioritizing central bank digital currencies over stablecoins to enhance financial stability and maintain trust in money. The post India calls on international community to focus on CBDCs appeared first on CoinGeek.

India’s Central Bank Pushes CBDCs as Safer Alternative to Stablecoins

Rather than allowing privately issued digital money to grow into a core payment layer, the Reserve Bank of India is urging governments to anchor the future of digital payments around central bank digital currencies instead. Key Takeaways The RBI is urging countries to prioritize central bank digital currencies over private stablecoins. It warns that stablecoins could introduce new financial stability risks during market stress. The central bank…

Reserve Bank of India backs CBDCs as it warns global peers of stablecoin risks

India’s central bank, the Reserve Bank of India, has urged major economies to focus on developing central bank digital currencies instead of stablecoins, which it believes pose mounting risks to financial stability and monetary sovereignty. “Stablecoins have emerged as a…

India’s central bank urges countries to prioritize CBDCs over stablecoins

Only three CBDCs have been successfully launched around the world so far, in Nigeria, the Bahamas and Jamaica, although many jurisdictions are …

India’s Central Bank Pushes For CBDCs Over Stablecoins

India’s central bank warns that privately issued stablecoins could threaten financial stability and says central bank digital currencies should take priority as the future of money.