Finance minister said we must adapt the stablecoins

[Bitcoin Smith]

Summary of the article: Nations must prepare to deal with stablecoins: Finance Minister Sitharaman

At the Kautilya Economic Conclave 2025 in New Delhi, Finance Minister Nirmala Sitharaman highlighted the growing global economic uncertainties and imbalances in trade, finance, and energy, emphasizing that nations must not only manage uncertainty but also confront these challenges directly.

She made a notable statement on stablecoins, signaling a possible shift in India’s cryptocurrency policy.

Sitharaman said nations will have to “prepare to engage” with stablecoins, whether they welcome them or not, as they are reshaping the landscape of global money and capital flows.

While India’s Finance Ministry and the RBI remain skeptical of private cryptocurrencies — with the RBI favoring a ban and focusing on its CBDC pilot projects — Sitharaman’s remarks suggest a more open stance toward acknowledging and preparing for the role of such innovations.

She also spoke about India’s economic resilience, saying the country has the capacity to absorb external shocks amid changing global alliances and strategic rivalries. However, she cautioned against complacency, stating:

“Eternal vigilance is the price of liberty; eternal performance is the price of strategic independence.”

Is this the tilt that we all are waiting for? She said it can be useful to the economy in some way when RBI wants the cryptocurrencies to be banned completely means still they are open with the adoption and we might see the better days if they understand the real potential of the market and draw the right polcies that also benefits the users instead of flat 30% taxes.

[JSRAW]

Doubt that if it's any significant change because they were talking about CBDC for quite some time,

Imo only difference is RBI was somewhat vocal about it from the start and Nimo tai and government start talking about it publicly, earlier it was more like a wink wink situation like yeah we will see.

[Bitcoin Smith]

Doubt that if it's any significant change because they were talking about CBDC for quite some time,

Stablecoins and CBDCs are not quite the same, and she addressed it as stablecoin so she must be pointing out USDT and others such kind when RBI wants them to be completely banned. I don't know what they are going to benefit from USDT though but the thought of not ignoring the crypto assets issued by anyone other than government gives some kind of hope.

[M47AK16]

Doubt that if it's any significant change because they were talking about CBDC for quite some time,

Stablecoins and CBDCs are not quite the same, and she addressed it as stablecoin so she must be pointing out USDT and others such kind when RBI wants them to be completely banned. I don't know what they are going to benefit from USDT though but the thought of not ignoring the crypto assets issued by anyone other than government gives some kind of hope.

It surely gives us hope and also promotes stablecoins somehow. Government showing interest in these stable coins can be seen on a positive note as this is something that we have been waiting for long time.

Complete ban still cannot be out of picture, like exchanges delisted monero kind of privacy oriented coins, government may direct crypto exchanges not to support/list stablecoins. But, when a government allows bitcoin and other cryptocurrencies, I guess that they will not have problems with stablecoins specifically.

We like or not, governments are always in plan to regulate this crypto space further so that they will get more taxes. We need to be prepared as usual.