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Crypto Leaders Push for INR-Backed Stablecoin Amid Regulatory Uncertainty
At a recent BFSI summit, Indian crypto industry leaders urged the government to introduce an **INR-pegged stablecoin** to safeguard monetary sovereignty.
Executives argued that a rupee-backed digital token could reduce remittance costs, promote regulation-aligned innovation, and reduce dependence on foreign-backed stablecoins. They emphasized that India must act quickly to establish a regulatory framework rather than fall behind in global digital-asset evolution.
Tags:
- crypto
- india
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positive
Crypto Leaders Push for INR-Backed Stablecoin Amid Regulatory Uncertainty
At a recent BFSI summit, Indian crypto industry leaders urged the government to introduce an **INR-pegged stablecoin** to safeguard monetary sovereignty.
Executives argued that a rupee-backed digital token could reduce remittance costs, promote regulation-aligned innovation, and reduce dependence on foreign-backed stablecoins. They emphasized that India must act quickly to establish a regulatory framework rather than fall behind in global digital-asset evolution.
Tags:
- crypto
- india
Related:
Explore:Mutual Fund Categories
1 min read
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Industry calls for an INR-pegged stablecoin to align crypto innovation with India’s monetary sovereignty.
At a recent BFSI summit, Indian crypto industry leaders urged the government to introduce an **INR-pegged stablecoin** to safeguard monetary sovereignty.
Executives argued that a rupee-backed digital token could reduce remittance costs, promote regulation-aligned innovation, and reduce dependence on foreign-backed stablecoins. They emphasized that India must act quickly to establish a regulatory framework rather than fall behind in global digital-asset evolution.
At a recent BFSI summit, Indian crypto industry leaders urged the government to introduce an **INR-pegged stablecoin** to safeguard monetary sovereignty.
Executives argued that a rupee-backed digital token could reduce remittance costs, promote regulation-aligned innovation, and reduce dependence on foreign-backed stablecoins. They emphasized that India must act quickly to establish a regulatory framework rather than fall behind in global digital-asset evolution.
Tags:
- crypto
- india
- crypto
- india
- stablecoin
- regulation
- monetary
Related: