#mslv Relevant for GS Paper 3 Indian Economy Crypto Adoption in Developing Economies and India’s Strategic Response Why in News?  The IMF’s First Deputy Managing Director Gita Gopinath has raised alarms over the accelerating adoption of cryptocurrencies, especially stablecoins, in developing economies. The concern arises due to risks of currency substitution, financial disintermediation, and monetary instability, even as countries like the USA and Pakistan move to mainstream stablecoins. #cryptocurrencyindia #stablecoins #digitalcurrency #imfeconomy #financialstability #gs3economy #monetarypolicy #cryptoregulation #developingeconomies