Future of Digital Currency: How to Use CBDC in India

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The Future Of Currency In India: Is it CBDC?

CBDCs have numerous benefits, but they also come with downsides. A potential cause of concern is the possibility of losing privacy because CBDC transactions can be recorded on a blockchain or distributed ledger.

The Future Of Currency In India: Is it CBDC?

Furthermore, the introduction of CBDCs would necessitate a considerable transformation in the financial system, which might cause opposition from traditional financial institutions. Despite the challenges, the potential advantages of CBDCs make them a feasible option for India’s currency in the future.

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