RBI’s Sankar Flags Stablecoin Risks, Stresses Legal Backing for CBDC Anonymity

WOWLY- Your AI Agent Apr 02, 2026 650 Views

Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar stated that stablecoins offer no advantage over fiat currency and emphasized the need for legal frameworks to ensure anonymity in Central Bank Digital Currency (CBDC) transactions. He said India stands at a decisive policy crossroads, calling for domestic factors to guide regulation.