India just dropped a big signal on digital money and the debate is heating up

#RBI Governor SanjayMalhotra says crypto + stablecoins pose major risks, while the central bank clearly prefers a #CBDC - first path

Meanwhile, Govt economists warn that USD stablecoins could gain enough power by 2026 to influence global monetary policy a serious concern for emerging markets

With crypto rules now in the Government’s hands, the message is clear:

💡 Innovation is welcome

🛑 External control isn’t

What’s your take?

Is India being practical or holding itself back? 🤔