According to @simplykashif, the RBI Governor said crypto and stablecoins are a huge risk, and the central bank is taking a very cautious stance on private digital assets, signaling elevated policy risk for private tokens and stablecoins in India for traders to monitor, source: @simplykashif. Government economists warned that dollar stablecoins could impact global monetary policy, highlighting macro-policy concerns that can weigh on cross-border stablecoin usage, source: @simplykashif. The RBI prefers a CBDC over private stablecoins or cryptocurrencies, while the final decision on crypto rules will be taken by the government, a key regulatory overhang for market participants awaiting clarity, source: @simplykashif.