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India's Soap Opera Continues: CBDC Plan, 'Private Crypto' Ban, Some Trading Maybe
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Adding to the uncertainties surrounding the future of cryptocurrencies in India, the country’s government has released a description of a forthcoming legislative proposal that would prohibit private crypto and would allow the Reserve Bank of India (RBI), the country’s central bank, to create its central bank digital currency (CBDC). Also, some crypto trading may be permitted.
The latest development comes at a time when India’s government and lawmakers are discussing new regulations for
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