Finance
Sock JohnsonRBI's Big Call: CBDCs Are the Real Money Champions!
Listen up, folks! The RBI is throwing down the gauntlet, saying crypto's a no-go! They want CBDCs to reign supreme and keep the money game rock-solid! With over 120 million transactions, India’s digital currency is primed to take the crown! Get ready for a future where cash is as strong as The Rock's charisma!
few days ago | Subrata Panda
Quick rundown
1.RBI prefers CBDCs over stablecoins for financial stability.
2.Stablecoins pose risks to macrofinancial stability, says RBI.
3.RBI's retail CBDC pilot has crossed 120 million transactions.
4.Stablecoins can complicate capital flow management in India.
5.RBI advocates for sovereign digital infrastructure to preserve monetary sovereignty.
