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India’s central bank has renewed its call for countries to prioritize central bank digital currencies (CBDCs) over privately issued stablecoins, warning that unchecked stablecoin adoption could pose risks to global financial stability and monetary sovereignty.
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India is preparing to launch a new digital currency backed by the Reserve Bank of India (RBI), designed to make financial transactions quicker and more secure. Union Minister of Commerce and Industry Piyush Goyal announced
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