{"id":975733,"date":"2025-11-21T12:07:51","date_gmt":"2025-11-21T06:37:51","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=975733"},"modified":"2025-11-21T12:07:51","modified_gmt":"2025-11-21T06:37:51","slug":"cryptocurrency-is-huge-risk-so-we-are-rbi-governor-back-indias-own-digital-currency","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/11\/21\/cryptocurrency-is-huge-risk-so-we-are-rbi-governor-back-indias-own-digital-currency\/","title":{"rendered":"\u2018Cryptocurrency is huge risk so we are\u2026\u2019: RBI governor back India\u2019s own digital currency"},"content":{"rendered":"<p>The Reserve Bank of India (RBI) is maintaining a highly cautious stance toward cryptocurrencies and stablecoins, Governor Sanjay Malhotra said, citing the \u201chuge risk\u201d associated with the assets. Delivering a memorial lecture at the Delhi School of Economics, Malhotra stated, &#8220;Stablecoins, cryptos, they have a huge risk, and so we are adopting a very cautious approach towards it.&#8221;<br \/>\nThe Governor\u2019s remarks come at a time when the global crypto market capitalisation has exceeded $4 trillion and US dollar-backed stablecoins have amassed over $300 billion, news agency Reuters cited data from CoinGecko. India\u2019s chief economic adviser V. Anantha Nageswaran had previously highlighted the rising popularity of dollar stablecoins as a potential challenge for global monetary policy in the coming year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) is maintaining a highly cautious stance toward cryptocurrencies and stablecoins, Governor Sanjay Malhotra said, citing the \u201chuge risk\u201d associated with the assets. Delivering a memorial lecture at the Delhi School of Economics, Malhotra stated, &#8220;Stablecoins, cryptos, they have a huge risk, and so we are adopting a very cautious approach towards it.&#8221; The Governor\u2019s remarks come at a time when the global crypto market capitalisation has exceeded $4 trillion and US dollar-backed stablecoins have amassed over $300 billion, news agency Reuters cited data from CoinGecko. India\u2019s chief economic adviser V. Anantha Nageswaran had previously [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-975733","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/975733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=975733"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/975733\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=975733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=975733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=975733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}