According to Financefeeds, the Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has made it clear that India will not adopt the US "GENIUS Act" or other G7 countries' stablecoin regulatory frameworks. The RBI believes that dollar-pegged stablecoins pose a fundamental threat to India's monetary sovereignty, which could lead to "dollarization" and reduce the effectiveness of the country's monetary policy.
The Reserve Bank of India has stressed that the country already has efficient digital payment systems (UPI, RTGS, NEFT) that do not require private stablecoins, and will continue to advance its own central bank digital currency (CBDC) electronic rupee pilot project as the preferred direction for the application of blockchain technology. Despite hints from the Ministry of Finance that a stablecoin framework may be considered, the RBI remains guided by domestic priorities.
The Reserve Bank of India rejects the G7 stablecoin regulatory model and adheres to monetary sovereignty
2025-12-15 06:49:07
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
印度央行拒绝G7稳定币监管模式，坚守货币主权Next article：
花旗：受短债推动，美债收益率曲线料将趋陡
