India’s government may consider stablecoin framework, diverging from RBI
NeutralCryptocurrency
- India's government is exploring a stablecoin regulatory framework, contrasting with the Reserve Bank of India's cautious approach to cryptocurrency. This move reflects a significant shift in policy direction regarding digital currencies in India.
- The consideration of a stablecoin framework could facilitate innovation in the financial sector, potentially attracting investment and fostering the growth of digital assets in the country.
- This development occurs alongside India's plans to launch a debt-backed ARC Token and a rupee-pegged digital asset, highlighting a broader trend of integrating traditional financial mechanisms with cryptocurrency initiatives.
— via World Pulse Now AI Editorial System