RBI Governor Advocates for CBDC Adoption over Stablecoins for Cross-Border Payments

Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged central banks worldwide to prioritize Central Bank Digital Currencies (CBDCs) over stablecoins for enhanced cross-border payments. His comments were made at the World Bank and International Monetary Fund (IMF)’s annual meeting in Washington, DC, where he highlighted the advantages of CBDCs compared to private cryptocurrencies. 💰 🌎 🏛️ 📚