PANews reported on October 23 that according to CryptoSlate, although India ranks first in global cryptocurrency adoption, the government tends to ban private cryptocurrencies such as Bitcoin and instead supports central bank digital currencies (CBDCs). Officials believe that the digital rupee can provide all the advantages of private cryptocurrencies, but with lower risks. The Governor of the Reserve Bank of India emphasized that the programmability of CBDCs contributes to financial inclusion. At present, the digital rupee has achieved initial success in the country and may be expanded to international payments in the future, showing the government's strong support for the central bank's digital currency.
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