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Background
Overview
UPSC focuses on emerging technologies, their economic implications, and the regulatory challenges they pose for financial stability, innovation, and national security. Digital currencies are a key component of the evolving global financial landscape, impacting monetary policy, financial inclusion, and cross-border transactions.
Cryptocurrencies are decentralized digital assets, while stablecoins are a class of cryptocurrencies designed to maintain a stable value, often pegged to fiat currencies. Their rapid growth necessitates robust regulatory frameworks to address financial stability, consumer protection, and illicit activities.