Reported 23 days ago
The Governor of the Reserve Bank of India has lauded the country's progress in the central bank digital currency (CBDC) sector, highlighting over 5 million users of the digital rupee since its pilot launch in 2022. Shaktikanta Das emphasized India's pioneering role and the future potential of CBDC while acknowledging the need to assess its long-term impact on the financial system. Despite high taxation affecting the crypto market, India maintains its position as a leading nation in crypto users.
Source: YAHOO