<ul><li>India is moving towards a total prohibition of private cryptocurrencies and favoring Central Bank Digital Currencies (CBDCs).</li><li>Regulators believe that CBDCs provide the benefits of private cryptocurrencies without the potential for instability or misuse.</li><li>The Reserve Bank of India (RBI) supports CBDCs as a safer alternative that can still achieve financial inclusion goals.</li><li>India's digital rupee initiative, e₹, has gained momentum and aims to revolutionize digital finance and enhance cross-border transactions.</li></ul>

India Cracks Down On Crypto: Regulators Favor CBDC In Push Vs. Bitcoin & Co.

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