News
Significance:
6/10

India plans to double down on CBDC, reaffirms stance against crypto: report

https://www.theblock.co/post/373614/india-rbi-backed-digital-currency

Timmy Shen

Mentions

Regions

Code
Name
IN
🇮🇳IN

Sentiments

Target
Sentiment
Comment
Bullish
India plans to double down on its CBDC, showing government support for state-backed digital currency.
Bearish
The government continues to discourage private cryptocurrencies through heavy taxation and avoids comprehensive regulation.