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RBI Maintains Cautious Stance on Cryptocurrencies Amid Push for Digital Rupee

RBI Maintains Cautious Stance on Cryptocurrencies Amid Push for Digital Rupee

Author:

Global Cryptocurrency

Published:

2025-11-21 18:07:02

20

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BTCCSquare news:

The Reserve Bank of India (RBI) has doubled down on its skepticism toward private cryptocurrencies and stablecoins, with Governor Sanjay Malhotra warning investors of 'significant financial risks.' The central bank's stance comes despite growing global adoption, as it prioritizes the development of its own central bank digital currency (CBDC) and regulated fintech solutions like UPI.

India plans to launch its ARC stablecoin by 2026, part of a broader digital rupee strategy. This contrasts sharply with the RBI's view of private stablecoins as potential threats to monetary stability. 'We welcome innovation, but not at the cost of financial system integrity,' Malhotra remarked during a Delhi School of Economics lecture.

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