J_BIACK on Nostr: The Indian government is reportedly considering a full BAN on cryptocurrencies and ...
The Indian government is reportedly considering a full BAN on cryptocurrencies and stablecoins 🚫💰. The main reason behind this move is the slow adoption of the Central Bank Digital Currency (#CBDC) 💸📉. Officials are concerned that the popularity of decentralized digital assets is hindering the CBDC’s rollout, as it competes directly with these alternative forms of currency. By implementing this ban, the government aims to push for wider use of the official digital currency, strengthening its control over the financial system while discouraging reliance on private digital assets.
Published at
2024-10-24 01:21:28Event JSON
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"content": "https://m.primal.net/LgGT.jpg The Indian government is reportedly considering a full BAN on cryptocurrencies and stablecoins 🚫💰. The main reason behind this move is the slow adoption of the Central Bank Digital Currency (#CBDC) 💸📉. Officials are concerned that the popularity of decentralized digital assets is hindering the CBDC’s rollout, as it competes directly with these alternative forms of currency. By implementing this ban, the government aims to push for wider use of the official digital currency, strengthening its control over the financial system while discouraging reliance on private digital assets.",
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