India's Prime Minister Modi: Digital Rupee Will Strengthen Digital Economy, Revolutionize Fintech
The country’s finance minister, Nirmala Sitharaman, announced during her budget speech Tuesday that the central bank, the Reserve Bank of India , willThe digital rupee will be the digital form of our physical rupee and will be regulated by the RBI. This will be such a system that will enable an exchange of physical currency with digital currency.
Noting that “CBDC will make digital payments and online transfers of funds more secure and risk-free,” Prime Minister Modi said, “This will also lead to ease in development of global digital payment systems.” The prime minister added:
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The government is missing the point of decentralisation. What is the point of having the digital currency if it is centralized?
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He didn't know anything about blockchain technology
Whose gonna invest in your digital ruppe with 30% tax I think only fools like you huh...
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Doesn't make any sense to me, could have just used crypto for cross border transactions.
Bravo Mr. Modi
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Now Indian government will bring central bank digital currency, then we might see demonetisation 2.0 with that central bank governed and authorised CBDC .. that would be fun to watch.. 🤣🤣🤣🤣
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That's interesting to see how Governments adopt crypto while it was made to be against the Government in the first place.
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