Stablecoin Regulation Urged as India Prepares for a Clearer Approach

India’s former RBI executive director, G Padmanabhan, emphasized the urgency for clear regulations on stablecoins. Speaking at the Global Fintech Festival 2025 prelude event, he highlighted that leaving the issue unresolved risks repeating past uncertainty with cryptocurrencies. He urged for concrete discussions and coordination between regulators to establish a defined framework in line with global developments, particularly as other countries like the US are actively shaping their e-currency frameworks.