The Reserve Bank of India (RBI) says one of the priorities for the G20 under India’s presidency is to “develop a framework for global regulation, including the possibility of prohibition, of unbacked crypto assets, stablecoins, and defi.” The Indian central bank warned that “turmoil in crypto assets market” is among “the major risks that can potentially undermine global financial stability.”
Indian Central Bank on Crypto Regulation
India’s central bank, the Reserve Bank of India (RBI), released its Financial Stability Report (FSR) for December on Thursday. The 172-page report includes discussions on crypto assets, central bank digital currencies (CBDCs), and decentralized finance (defi).
“Regulating new technology and business models after they have grown to a systemic level is challenging,” the RBI report states. “To promote responsible innovation and to mitigate financial stability risks in crypto ecosystem, it is vital for policymakers to design an appropriate
We współpracy z: https://news.bitcoin.com/indian-central-bank-developing-global-crypto-regulation-is-a-priority-for-g20-under-indias-presidency/
