India Prioritizes CBDC Over Speculative Crypto

[chainsniff]

Finance Minister Nirmala Sitharaman emphasized India’s stance: speculative Virtual Digital Assets (VDAs) are high-risk and discouraged, but stablecoins and blockchain tech remain strategically important for cross-border payments. India is channeling its FinTech vision toward CBDC and government-supervised digital infrastructure.

#IndiaCBDC #Stablecoins #FinTechStrategy #DigitalIndia

[alex10]

India’s focus on CBDC shows a clear intent to favor stability over volatile digital assets.

[kelson10]

By prioritizing CBDCs, India is aiming to regulate innovation while maintaining monetary control.