T. Rabi Sankar’s blunt rejection of stablecoins is not ideological rigidity. It is a reminder that money, unlike technology, cannot survive on belief alone
The dispute between Indian banking regulator and ESMA has erupted after the latter in October 2022 de-recognised the Clearing Corporation of India Limited, due to a lack of audit and inspection rights over the local clearing house.
The pitches stem from RBI deputy governor T Rabi Sankar’s recent remarks that the central bank will come out with regulations for the fintech sector soon.