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Cryptopolitan 2023-07-12 14:12:23

Deputy governor of India’s reserve bank raises concerns over stablecoins’ impact on policy sovereignty

Deputy Governor of the Reserve Bank of India (RBI), T Rabi Sankar, has expressed concerns about stablecoins, warning that they pose an existential threat to policy sovereignty. Speaking at an event organized by the Indian Banks’ Association, Sankar emphasized that stablecoins, while beneficial to certain economies, can potentially replace the local currency and transfer profits ... Read more

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