🚨 Crypto Alert: RBI Flags Risks! 🚨

- The Reserve Bank of India (RBI) warns of crypto risks in its latest Financial Stability Report.

- Concerns: Stablecoins may loosen monetary control, enable capital flight, and divert resources from the real economy.

- RBI cites stablecoin issuers holding mainstream assets, posing economic stability threats.

- Tokenization could deepen ties between traditional and decentralized finance, raising systemic risks.

- India’s crypto market faces regulatory uncertainty and a tough tax regime.

💬 Thoughts on RBI's stance? Share below! 👇