India’s government may consider stablecoin framework, diverging from RBI
NeutralCryptocurrency
- India's government is considering a stablecoin regulatory framework, moving away from the Reserve Bank of India's cautious approach to cryptocurrency. This reflects a significant policy shift in India's digital currency landscape.
- The potential adoption of a stablecoin framework could enhance financial innovation and provide clearer guidelines for the burgeoning cryptocurrency market in India, which has faced regulatory uncertainty.
- This development aligns with broader trends in the cryptocurrency sector, where countries are increasingly exploring digital currencies, while balancing regulatory concerns and financial autonomy.
— via World Pulse Now AI Editorial System