India preparing for a CBDC-driven economy — Central bank governor
Outgoing Reserve Bank of India Governor Shaktikanta Das envisions the digital rupee revolutionizing India’s economy, emphasizing gradual CBDC adoption.
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Outgoing Reserve Bank of India Governor Shaktikanta Das envisions the digital rupee revolutionizing India’s economy, emphasizing gradual CBDC adoption.
According to the Atlantic Council, 134 countries are currently exploring CBDCs in different phases — including every G20 country.
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions.
While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.
The use of the CBDC on the cryptocurrency exchange will enhance security and, it hopes, attract merchants.
