RBI Governor Sanjay Malhotra said India's cautious approach to cryptocurrencies stems from risks to monetary policy and the 'singleness of money'. He argued CBDCs and other innovations can address cross-border payment gaps. Malhotra also warned that an AI investment slowdown could trigger sharp repricing of financial assets, and flagged cyber risk as an immediate concern.
RBI Cites Monetary Policy Risks for Cautious Crypto Stance
Source: Moneycontrol