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India Eyes Stablecoin Regulations in Upcoming Economic Survey
India may regulate stablecoins via its Economic Survey, balancing innovation with monetary control.
The Indian government is exploring a regulatory framework for stablecoins to include in its 2025–26 Economic Survey, potentially diverging from the RBI’s cautious stance. This could pave the way for more formal, regulated INR-pegged digital assets, while supporting innovation and preserving monetary control.
However, the RBI continues to warn of systemic and financial stability risks associated with private digital currencies.