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6h agoIndia’s crypto summit pushes for INR-backed stablecoin and faster regulatory clarity
At the 2025 BFSI Insight Summit in Mumbai, crypto-industry leaders and regulators argued that India must fast-track its digital-asset framework and consider an INR-backed stablecoin to bolster remittances and protect monetary sovereignty. They noted that over 97 % of global stablecoins are dollar-backed and warned this trend could erode India’s payments influence. While the panel recommended speed, they also emphasised that a separate regulator may not suffice without a coherent policy mix encompassing AML, token-classification and consumer protection.
positive
6h agoIndia’s crypto summit pushes for INR-backed stablecoin and faster regulatory clarity
At the 2025 BFSI Insight Summit in Mumbai, crypto-industry leaders and regulators argued that India must fast-track its digital-asset framework and consider an INR-backed stablecoin to bolster remittances and protect monetary sovereignty. They noted that over 97 % of global stablecoins are dollar-backed and warned this trend could erode India’s payments influence. While the panel recommended speed, they also emphasised that a separate regulator may not suffice without a coherent policy mix encompassing AML, token-classification and consumer protection.
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India’s crypto summit pushes for INR-backed stablecoin and faster regulatory clarity
about 7 hours ago
1 min read
78 words
Industry panel calls for INR-backed stablecoin and expedited crypto regulation in India, stressing payments sovereignty and token-classification clarity.
At the 2025 BFSI Insight Summit in Mumbai, crypto-industry leaders and regulators argued that India must fast-track its digital-asset framework and consider an INR-backed stablecoin to bolster remittances and protect monetary sovereignty. They noted that over 97 % of global stablecoins are dollar-backed and warned this trend could erode India’s payments influence. While the panel recommended speed, they also emphasised that a separate regulator may not suffice without a coherent policy mix encompassing AML, token-classification and consumer protection.
At the 2025 BFSI Insight Summit in Mumbai, crypto-industry leaders and regulators argued that India must fast-track its digital-asset framework and consider an INR-backed stablecoin to bolster remittances and protect monetary sovereignty. They noted that over 97 % of global stablecoins are dollar-backed and warned this trend could erode India’s payments influence. While the panel recommended speed, they also emphasised that a separate regulator may not suffice without a coherent policy mix encompassing AML, token-classification and consumer protection.
Tags:
crypto
india
crypto
india
regulation
stablecoins
fintech
Nov 3, 2025 • 22:09 IST