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Indian Government Debates a Crypto Ban to Emphasize CBDC

  • The Indian government is considering a crypto ban and is emphasizing the potential of a Central Bank Digital Currency (CBDC).
  • Experts suggested that the Indian CBDC, the Digital rupee, could leverage the advantages offered by other crypto assets.
  • The Indian government has shown hostility towards private cryptocurrencies in the past and recently imposed a 30% tax on digital assets.
  • While exploring crypto regulations, the Indian government has received a positive response to blockchain technology.

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