One step at a time: Indian central bank, RBI, to roll out CBDC through a three-step graded approach.
Earlier this month, on May 17, RBI officials reportedly warned against crypto adoption citing the risks of “dollarization” of the Indian economy.
As Cointelegraph reported based on the Economic Times’ findings, key RBI officials including governor Shaktikanta Das raised concerns regarding the U.S. dollar-dominated world of cryptocurrencies. An unnamed official stated: “Almost all cryptocurrencies are dollar-denominated and issued by foreign private entities, it may eventually lead to dollarization of a part of our economy which will be against the country’s sovereign interest.”
“It [crypto] will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” they added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fed Vice Chair Lael Brainard Says CBDC Could Coexist With StablecoinsA well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee on Financial Services on Thursday.
Leer más »
Fed Vice-Chair Presses for CBDC in US Amidst Market StressFederal Reserve Vice Chair Lael Brainard said that a digitized version of the US Dollar could provide a safe central bank liability in the digital financial ecosystem.
Leer más »
Senators Introduce Bill to Limit Use of China's Digital Currency in the US — 'This Is a Major Financial and Surveillance Risk' – Regulation Bitcoin News'The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance.' crypto cryptocurrency
Leer más »
Fire in Kasigluk damages school facilitiesA fire burned a number of buildings at Akiuk Memorial School in Kasigluk on Thursday. After the fire overtook the teacher housing, Tribal Council President Natalia Brink said it spread beneath the school.
Leer más »
Fed Vice Chair Lael Brainard Says CBDC Could Coexist With StablecoinsA well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee on Financial Services on Thursday.
Leer más »
Watch Out For These Road Closures Around D.C. This Memorial Day WeekendA march on Saturday and the annual Rolling to Remember event on Sunday will close several roads over the holiday weekend.
Leer más »