India plans to double down on CBDC, reaffirms stance against crypto: report 🇮🇳
India's government continues to discourage the use of cryptocurrencies, emphasizing their heavy taxation. This approach is part of a broader strategy to shift focus towards the development and expansion of Central Bank Digital Currency (CBDC) initiatives. By doubling down on CBDCs, India aims to harness the benefits of digital currencies while controlling risks associated with traditional cryptocurrencies.
Source: www.theblockcrypto.com ↗
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