[2019-01-06]India: RBI Postpones Plan to Establish National Crypto ‘CBDC’

[Vladdirescu87]

India: RBI Postpones Plan to Establish National Crypto ‘CBDC’

The Reserve Bank of India (RBI) has postponed its plan to roll out a national crypto.
In April 2018, the central bank of India developed the idea of issuing a national digital currency dubbed the Central Bank Digital Currency (CBDC). The annunciation came after it barricaded all financial institutions from engaging in any kind of business with cryptocurrency-related firms. The sudden crackdown was not anticipated and pushed several cryptoasset exchanges out of business in the country.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/india-rbi-postpones-plan-to-establish-national-crypto-cbdc/

[KingScorpio]

nothing new, we all know the central banks try to save themselves into crypto, printing money certificates and securing them is more and more expensive.

regards

[btyco]

It would be great for a large economy and population to create a national currency like the petro. Some type of digital rupee on the blockchain can reduce fraud by improving transparency. It will also allow them to trade more easily with venezuela

[Slow death]

It would be great for a large economy and population to create a national currency like the petro. Some type of digital rupee on the blockchain can reduce fraud by improving transparency. It will also allow them to trade more easily with venezuela

people choose to buy bitcoin or anonymous coins because it gives them freedom, so why would they use this crypto created by the RBI? the answer is that they (RBI) know that there will be few people who have used that coin that they intend to create and for that reason they are postponing it. They do not need to create their altcoin when there is already bitcoin and many altcoins, they just have to create laws that are good so that all citizens of India use cryptos without problems