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Reserve Bank of India Deputy Governor T. Rabi Sankar cautioned against stablecoins, citing significant macroeconomic risks and their lack of unique utility compared to fiat money. He emphasized that these digital tokens do not offer benefits beyond what traditional currency can provide, and India will maintain a cautious approach to such innovations.
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Calvin McDonald's decision to leave at the end of January comes amid a run of poor sales for the firm in the US.
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The building society failed to monitor its customers' activity effectively between 2016 and 2021, the regulator says.
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News and Media
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