India Uninterested in Joining Pro-Crypto Wave, Sticks to Its CBDC Gamble

By Yahoo! Finance   |   1 month ago
India Uninterested in Joining Pro-Crypto Wave, Sticks to Its CBDC Gamble

India diverges from global trend by prioritizing CBDC launch over embracing cryptocurrencies. Union Minister Goyal emphasizes heavy taxation on crypto and support for RBI's digital rupee. This stance contrasts with Western nations advancing crypto regulation. India's approach may impact its position in the evolving financial landscape.

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