• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Indian CBDC Can Co-exist with Private Cryptocurrencies, Says IAMAN

by CBDC Insider
February 16, 2021
in Asia, Business
Reading Time: 1min read
0
Indian CBDC Can Co-exist with Private Cryptocurrencies, Says IAMAN
Share on FacebookShare on Twitter

Recent reports confirmed that the government of Indian is looking to launch its central bank digital currency (CBDC), which was seen as a welcome development by many crypto enthusiasts in the country. For this reason, however, the government planned to ban other private cryptocurrencies in Indian. The planned Indian CBDC shouldn’t result in the ban of private digital currencies, as every cryptocurrency is designed to serve a different purpose, according to IAMAN.

Indian CBDC shouldn’t result in a crypto ban

The Internet and Mobile Association of India (IAMAI) made this known on Monday, saying that the planned Indian CBDC is a welcome move from the government. Aside from reducing transaction costs, the industry body believes that the Indian CBDC would open doors to broader adoption of blockchain technology in the country. However, an Indian CBDC shouldn’t necessarily result in the prohibition of other digital currencies in the country, the IAMAN said.

Read more: https://www.cryptopolitan.com/indian-cbdc-co-exist-private-crypto/

RELATED STORIES

China’s Jiangsu Province to Expand Digital Yuan Adoption in Education Sector

China’s Jiangsu Province to Expand Digital Yuan Adoption in Education Sector

May 15, 2023
Reltime Unveils Revolutionary Wrapped FIAT and CBDC Service Set to Transform Global Financial Landscape

Reltime Unveils Revolutionary Wrapped FIAT and CBDC Service Set to Transform Global Financial Landscape

May 15, 2023
Previous Post

Monetary Policy with Reserves and CBDC: Optimality, Equivalence, and Politics

Next Post

Russian Mobile Carriers Consider Smartphone Integration for Digital Ruble

Next Post
Russian Mobile Carriers Consider Smartphone Integration for Digital Ruble

Russian Mobile Carriers Consider Smartphone Integration for Digital Ruble

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register