Stablecoins to Shatter UPI? Inside India Crypto Regulation Paper
The debate over cryptocurrency regulation in India has intensified as a new government paper highlights significant concerns. Official recognition of digital assets may carry unintended consequences, potentially destabilizing existing financial systems like UPI.
Stablecoins, in particular, face scrutiny for their capacity to disrupt traditional payment infrastructures. The paper suggests a cautious approach, weighing innovation against systemic risks.