RBI Urges Caution, Pushes CBDC

[etfs]

RBI Governor Sanjay Malhotra reiterated India’s cautious approach to crypto, emphasizing domestic payments systems like UPI, NEFT, and RTGS. He said India does not need to rush to adopt stablecoins following U.S. legislation, citing the country’s robust digital payments infrastructure and ongoing evaluation by a government working group.

[Nahid Hossen]

RBI’s cautious stance shows how seriously they are taking digital money.

[Abdul Khan]

The CBDC push is strong — but public adoption remains the real test.