Will the Modi government ban Bitcoin in India and launch its own digital currency? Cryptocurrency Bitcoin could be a big thing in many countries but what are its prospects in India? There is still a heated debate on this in the country. There are rumours going on that the Modi government, as an alternative to Bitcoin, may launch its own digital money – Central Bank Digital Currency (CBDC), also called digital fiat money.
The CBDC is inspired by Bitcoin and is similar to blockchain-based cryptocurrencies. However, there is a big difference between the two. Watch the informative news video below to know all the answers. In-depth and in simple language, the video, made by me (Anurag Sason), will provide you all the clarity.
About the author: Anurag Sason is an Indian journalist with experience in mainstream journalism. He has worked in newspaper, news agency, TV, news app (short video sharing app) and digital media. He tweets at @AnuragSason
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