Although India’s CBDC is still in its pilot test phase, the Indian Central Bank aims to enroll one million CBDC users soon.
Monero, ZCash, and Dash are experiencing massive influxes of users as users choose truly decentralized and private financial tools.
India’s CBDC is nearing its final launch with the Indian Central Bank aiming for one million CBDC users soon. Rabi Shankar, the deputy governor of the Reserve Bank of India (RBI) said that although there is no official timeline, the launch and usage will be done gradually and calibrated. Dubbed the Digital Rupee, the government aims to enhance financial inclusion for the marginalized and make financial transactions faster and safer.
The Central Bank has openly admitted that the launch is also in an effort to restrict crypto use and adoption and simultaneously reduce dollar dominance. However, there are concerns that any CBDC could be used as a political and censorship tool used to control the masses.
The ongoing pilot program that

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