RBI dy guv slams growing hold of 'stablecoins'
Mumbai, Dec. 13 -- The Reserve Bank of India sees privacy concerns associated with the use of programmable central bank digital currency, particularly for targeted benefits such as subsidies, deputy governor T Rabi Sankar said. But a digital rupee would still be much safer than stablecoins, he said. Stablecoins fail the fundamental tests that define modern money and pose risks, he said at Mint's annual BFSI conclave. P16...
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