Indian regulators maintained a hawkish stance despite the growing embrace of digital assets and technology by governments worldwide. Indian authorities, led by the Reserve Bank of India, are maintaining a hawkish stance that leans toward prohibiting crypto despite growing global adoption and millions of domestic investors. The RBI opposes banks’ exposure to crypto and both foreign and rupee-pegged stablecoins, warning of financial contagion risks, loss of seigniorage and stress during market tu…
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