💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
India warns that the dollar stablecoin threatens global monetary policy
India's Chief Economic Advisor, V. Anantha Nageswaran, has warned that dollar-backed stablecoins could pose significant challenges to monetary policy and the issuance profit of countries. He stated that India faces less pressure to adopt stablecoins due to the fast payment system UPI, but is concerned that stablecoins will increase competition with banks.
The market value of global stablecoins has exceeded 300 billion USD thanks to favorable regulations in America. However, India still avoids enacting specific laws regarding cryptocurrency due to concerns about financial contagion risks. The RBI believes that managing cryptocurrency risks through regulation is very difficult.
Currently, the people of India hold approximately 4.5 billion USD in cryptocurrency. The government maintains a high tax policy and restricts banking - cryptocurrency transactions to reduce speculation and fraud.