Ms. Sitharaman said the task before nations is not only to manage uncertainty but to confront trade, financial and energy imbalances
💬 Countries Need To Get Ready To Handle Stablecoins – FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said that countries worldwide have to be prepared for stablecoins — regardless of whether they embrace this or not. She said this during her keynote address at the Kautilya Economic Conclave.
For her, the challenge facing countries today is not only to handle uncertainty, but also to address trade, financial and energy imbalances.
💱 What Are Stablecoins?
Stablecoins, on the other hand, seek to have a stable value by being pegged to an underlying asset such as a currency basket or precious metals.
🏦 India’s Stand on Cryptocurrencies
India hasn’t legalized crypto yet but it taxes transactions.
The RBI has long advocated for a ban on private VDAs, even as it pilots its ownCBDC — a central bank-issued digital currency.
🌍 Sitharaman’s Message
Ms. Sitharaman said that disruptions such as stablecoins are rewriting the world story of money and capital flows.
‘These shifts could force countries to make an either-or decision — either evolve towards new currencies or get left behind,’ she stated.
She said that no country can insulate itself from structural shifts and countries have to be ready to confront these new realities.
⚔️ Geopolitical Shifts and India’s Preparedness
Wars and strategic rivalries are redefining global cooperation and confrontation, observed the Finance Minister.
She noted that India’s economic resilience is strong and its capacity to absorb external shocks keeps increasing — but complacency is not an option.
She concluded by saying,
“Just as eternal vigilance is the price of freedom, eternal execution is the price of strategic autonomy.”
