India Moves Toward Bitcoin Ban, Emphasizes Benefits of CBDCs

India Moves Toward Bitcoin Ban, Emphasizes Benefits of CBDCs

Indian regulators are signaling a shift towards banning private cryptocurrencies like Bitcoin and Ethereum, while promoting Central Bank Digital Currencies (CBDCs) as a safer alternative. According to The Hindustan Times, key government institutions, following recent consultations on cryptocurrency regulation, are in favor of such a ban. The institutions argue that CBDCs can offer similar benefits with fewer risks. Government’s Position on Cr...

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