đźđł India Accelerates CBDC Push, Tightens Grip on Private Crypto! âĄ
India is moving fast toward launching its own Digital Rupee (CBDC), with Minister Piyush Goyal confirming the governmentâs full support for RBIâs digital currency initiative. đȘđ»
At the same time, India continues to discourage private cryptocurrencies, keeping heavy taxes in place â fearing that full legalization could âlegitimize unbacked assets.â
đ„ Despite the restrictions, India remains one of the worldâs top crypto adoption leaders, proving that innovation canât be stopped â only redirected.
Interestingly, Vietnam is now joining the CBDC race too, as its central bank tasks Viettel and MobiFone to explore their own national digital currency. đ
đŹ Global momentum is clear: governments are going digital â the question is, will CBDCs replace crypto, or coexist with it?