Nandan Nilekani, speaking at the Global Fintech Fest 2026, said regulators and central banks were concerned about the rise of cryptocurrencies and stablecoins and the potential risks if they were not adequately regulated.
“Because from a central bank regulator's perspective, they were worried about the rise of cryptocurrency and stablecoins, and their view was that if these things are not regulated well, then you could have all kinds of issues,” Nilekani said.
