🌐RBI Governor Shaktikanta Das on Thursday underscored the need to support central bank digital currencies, arguing that they are the most cost-effective and effective means of payment, especially for cross-border payments, and once again warned against crypto assets and stablecoins.

The basic question is whether governments and central banks are comfortable with private currencies because currency is a sovereign function. The financial consequences, the negative consequences for the domestic and global monetary system and order, need to be understood. Regarding cryptocurrencies and stablecoins, we need to understand them. to understand all the risks before accepting them. We need to know how many sharks he said. existing before entering the water.

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