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RBI Governor Sanjay Malhotra Addresses CBDC and Stablecoins

India’s central bank head comments on digital currency initiatives, highlighting CBDC and stablecoin considerations.

Summary

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Terms & Concepts
  • CBDC: Central Bank Digital Currency, a digital form of a country's fiat currency issued and regulated by its central bank.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset like the US dollar or gold.