Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁
India Mulls Stablecoin Rules as RBI Urges Caution on Crypto
Last Updated: November 21, 2025
✓ Fact Checked
Key Takeaways
- The Finance Ministry may include stablecoin guidelines in the Economic Survey 2025–2026 to outline India’s regulatory direction;
- RBI remains cautious on cryptocurrencies, prioritizing its central bank digital currency over private crypto assets;
- RBI Governor Sanjay Malhotra said India’s payment systems, such as UPI, NEFT, and RTGS, reduce the need for stablecoins.
India’s government is considering a policy plan for stablecoins in its Economic Survey 2025–2026.
Meanwhile, the Reserve Bank of India (RBI) continues to take a careful stance on cryptocurrency and focuses on developing its own digital currency.
A report from MoneyControl said the Ministry of Finance may include stablecoin guidelines in the upcoming survey, which reviews the economy and offers policy ideas for the next year.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is Balancer in Crypto? Beginner Friendly BAL Explainer
A government official stated that the ministry will “present its case” for stablecoins in the document.
At an event at the Delhi School of Economics, RBI Governor Sanjay Malhotra explained:
We have a very cautious approach towards crypto because of various concerns that we have. <...> There is a working group which was set up earlier, and they will make a final call as to how, if at all, crypto is to be handled in our country.
Malhotra also responded to comparisons with the United States, where the GENIUS Act on stablecoins passed in June. He said India does not need to act to catch up with the US, as it already has a strong digital payments network.
He pointed to systems such as the Unified Payments Interface (UPI), which enables instant transfers at any time, the National Electronic Funds Transfer (NEFT), which processes payments hourly, and the Real-Time Gross Settlement (RTGS) system, used for larger transactions.
Recently, Kenya’s new cryptocurrency law has already been tested, with Bitcoin
Loading...
The Most Liked Crypto News Findings
Looking for more latest crypto news on related topic? We have gathered similar news articles for you to spare your time. Take a look!
Latest Crypto News & Videos
![How to Transfer Money Without Fees? [Animated Tips 2025]](https://assets.bitdegree.org/youtube/crypto-finally-explained/how-to-transfer-money-without-fees-animated-tips-2025.jpg?tr=w-400 "How to Transfer Money Without Fees? [Animated Tips 2025]")
