RBI Governor Highlights Cautious Crypto Stance And Global Economic Pressures
· rediff.com
RBI Governor Sanjay Malhotra reiterated India's cautious stance on cryptocurrencies due to concerns over monetary sovereignty and capital flows, while actively promoting underlying technologies like distributed ledger technology and tokenisation. He also addressed the global rise in public debt and hardening bond yields, attributing it to increased government and private spending, including that driven by AI, and noted the implications of global interest rates on India's monetary policy.
RBI Governor Sanjay Malhotra outlines India's careful approach to cryptocurrencies, advocating for underlying technologies like DLT while addressing global econ...