š®š³ RBIās Strong Warning on Crypto
Indiaās central bank chief says crypto and stablecoins are a āhuge riskā for the financial system ā 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