India’s Choice: CBDCs Over Bitcoin & Ethereum

India’s financial regulators are making a strong case for Central Bank Digital Currencies (CBDCs) over private cryptocurrencies like Bitcoin and Ethereum. Their reasoning? A commitment to safety, financial inclusion, and the ability to exert tighter control, all while harnessing the potential of blockchain technology.

This stance reflects a growing global trend, where central banks are exploring CBDCs as a means to modernize their financial systems and provide a secure, accessible digital currency for citizens.

India’s preference for CBDCs highlights the ongoing tension between decentralized cryptocurrencies and the desire for a more controlled and regulated digital financial landscape.