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RBI Maintains Crypto Caution as Stablecoin Risks Loom

RBI Maintains Crypto Caution as Stablecoin Risks Loom

Author:

Global Cryptocurrency

Published:

2025-11-21 13:28:02

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BTCCSquare news:

Reserve Bank of India Governor Sanjay Malhotra reiterated the central bank's warnings about cryptocurrency risks during a Delhi School of Economics address. The remarks come amid India's ongoing regulatory vacuum for digital assets.

"Stablecoins, cryptos, they have a huge risk and so we are adopting a very cautious approach towards it," Malhotra stated, contrasting this stance with the RBI's proactive support for domestic digital payment systems like UPI.

The $300 billion global stablecoin market—particularly dollar-pegged tokens like USDT and USDC—poses systemic concerns according to the Governor. India currently regulates crypto through anti-money laundering provisions and taxation rather than comprehensive legislation.

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