India Considers Crypto Ban
This is a India news story, published by CoinGape, that relates primarily to Bitcoin news.
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CBDC Vs Crypto DebateCoinGape
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77% Informative
India is reportedly considering a ban on Bitcoin and other crypto, sparking speculations in the market.
Recent reports indicate that the nation seeks to promote its Central Bank Digital Currency ( CBDC ) while prohibiting use of private cryptocurrencies like Bitcoin .
India 's CBDC , known as the digital rupee, has been in pilot since November 2022 , with growing adoption in retail and wholesale segments.
CoinDCX CEO Sumit Gupta argues that CBDCs and crypto serve different purposes and can coexist.
VR Score
66
Informative language
59
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69
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