https://www.taxtmi.com/news?id=66221 Widespread adoption of privately issued or foreign-currency stablecoins can undermine monetary sovereignty, weaken monetary policy transmission, and introduce financial stability risks through price volatility and confidence shocks. Stablecoins may also circumvent capital flow management and foreign exchange transfer controls, complicating macroeconomic management and exposing the system to money laundering and terrorism financing risks. The central bank advocates prioritising central bank digital currencies (CBDCs) to deliver efficiency and instant settlement while preserving the safety and settlement finality of central bank money. en-us Wed, 31 Dec 2025 18:46:03 +0530 Wed, 31 Dec 2025 18:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=66221 Widespread adoption of privately issued or foreign-currency stablecoins can undermine monetary sovereignty, weaken monetary policy transmission, and introduce financial stability risks through price volatility and confidence shocks. Stablecoins may also circumvent capital flow management and foreign exchange transfer controls, complicating macroeconomic management and exposing the system to money laundering and terrorism financing risks. The central bank advocates prioritising central bank digital currencies (CBDCs) to deliver efficiency and instant settlement while preserving the safety and settlement finality of central bank money. News - Wed, 31 Dec 2025 18:46:03 +0530 https://www.taxtmi.com/news?id=66221