Morning Edition · Friday, July 3, 2026
India's Central Bank Tells Parliament It Still Rejects Private Crypto
The Reserve Bank of India warned lawmakers that legitimizing stablecoins would erode monetary sovereignty and expose banks to the risk of bank runs.

The Reserve Bank of India (RBI) renewed its call to keep banks and payment systems insulated from cryptocurrencies and privately issued stablecoins, according to crypto.news, as the country reviews its digital-asset policy. Appearing before…
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Stablecoins Strain Emerging-Market Monetary Sovereignty
As dollar tokens spread through developing economies faster than regulated rails can form, recurring local premiums, enforcement crackdowns, and central-bank warnings will keep mounting, pressuring monetary sovereignty and capital controls in poorer countries.
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