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CBDCs can “kill” private crypto: India’s RBI deputy governor to IMF
In discussion with the International Monetary Fund (IMF), T Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), reflected an anti-crypto stance as he spoke about India’s potential to disrupt the crypto and blockchain ecosystem.
Rabbi Sankar started the conversation by highlighting the success of the Unified Payments Interface (NASDAQ 🙂 (UPI), India’s in-house fiat-based peer-to-peer payments system – which has seen an average adoption and transaction growth of 160% for the past five years.
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