RBI Highlighted Stablecoin Risks for Developing Economies
July 17, 2023 ⚊ 1 Min read ⚊ Views 49 ⚊ NEWSIn its latest Financial Stability Report, which was released on June 28, the Reserve Bank of India (RBI) highlighted the potential Stablecoin Risks. In addition, the central bank also reported its impact on emerging markets and developing economies (EMDEs).
The RBI, known for its skepticism towards cryptocurrencies, listed six particular risks that stablecoins pose and urged worldwide regulators to take immediate action. This report comes as central banks throughout the world struggle with the difficulties and opportunities that digital currencies offer.
Tags: crypto news, rbi, stablecoin